Job Growth Slows

Job Growth Slows

From MarketWatch.com: The numbers: The U.S. created just 75,000 new jobs in May and employment gains earlier in the spring were scaled back, an ominous turn that points to a slowing economy and is likely to put more pressure on the Federal Reserve to cut interest...
Hiring Rebounds

Hiring Rebounds

Key bit:    The U.S. created 196,000 new jobs last month after a swoon in February, an encouraging gain that hints growth in the economy is ready for a revival. Hiring increased in most major segments of the economy, most notably health care and white-collar firms....
February Jobs Numbers Disappoint

February Jobs Numbers Disappoint

The lede:   Total nonfarm payroll employment changed little in February (+20,000), and the unemployment rate declined to 3.8 percent, the U.S. Bureau of Labor Statistics reported today. Employment in professional and business services, health care, and wholesale trade...
Big Year For Manufacturing Jobs

Big Year For Manufacturing Jobs

The Headline:   The U.S. economy added 284,000 manufacturing jobs in 2018, according to the employment report released today by the Bureau of Labor Statistics. That is the largest increase in manufacturing jobs in the United States in 21 years. The last time the...

More On Today’s Jobs Data

Biggest beat relative to expectations (312K vs 184K) since 6/5/09, and 6th biggest beat relative to expectations since 1999. Average Hourly Earnings 0.4%, Exp. 0.3% Payrolls to print above 150 million for the first time. Bloomberg economist Tim Mahedy: “This is...