All Posts Tagged: BLS

U.S. Outlook: Economy keeps cranking out new jobs

Scott Anderson
Chief Economist

The August employment report looks pretty sweet on the surface.

Young professionals in coworking space.There were a few blemishes hidden in the employment report today that are worth pointing out and bear watching in the months ahead.

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Sept. 7.

Key observations:
  • The job report was also peppered with a number of major sectors that lost net new jobs in August.
  • The manufacturing sector job loss last month could be the first sign of negative fallout from the Trump administration’s trade policies.
  • Average hourly earnings increased 0.37% in August, the fastest monthly pace since December.
  • This data virtually ensures another rate hike from the Fed at the September FOMC meeting and raises the probability of another in December.

Read my full report.

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U.S. Outlook: Job growth cools in July

Scott Anderson
Chief Economist
Sun-drenched shot of workers hurrying across a bridge at the start of the workday.

Despite the miss on the headline job growth last month, it is impossible to describe the labor market as soft.

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Instant Analysis: Jobs report for December

Scott Anderson
Chief Economist
Busy office setting with several well-dressed stock traders checking activity on their computer terminals.

The labor market continues to firm but is not yet at the overheating stage.

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Instant Analysis: November Payroll report reveals robust job creation

Scott Anderson
Chief Economist
Modern, busy office with several people at desks, as young woman rushes by in a blur.

Overall, a solid payroll report very much in line with our expectations.

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Instant Analysis: Jobs decline due to hurricanes & unemployment rate unexpectedly drops

Scott Anderson
Chief Economist
Business owner looking worried as he checks his laptop and waits on the phone in his warehouse.

There was something for everyone in the September jobs report, but we think it wise for investors to look past the downbeat headline job loss.

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