All Posts Tagged: hourly earnings

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: The wage growth conundrum

Scott Anderson
Chief Economist
Teacher Helping Students Training To Work In Catering Chopping Vegetables

The moderate pace of wage growth since the end of the Great Recession is unusual compared to previous expansions.

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U.S. Outlook: A Goldilocks payroll report in April

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

Net new job creation is cooling off.

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U.S. Outlook: China trade war trumps a disappointing jobs report

Scott Anderson
Chief Economist
Graph showing hourly earnings growth in March jobs report, by sector.

Investors just received two pieces of news that challenge the sanguine views of the U.S. economy and the economic outlook.

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U.S. Outlook: Blowout job creation, but wages fail to launch

Scott Anderson
Chief Economist
Crowded crosswalk full of morning professionals walking to work as the sun shines through the crowd.

February’s jobs gain is more than three times the pace the Fed believes is necessary on a monthly basis to keep the unemployment rate steady.

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