Jobs creation accelerated as 2018 got underway, with 200K net new jobs created last month.
For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Feb. 2.
- A large upward revision in average hourly earnings punches a hole in the narrative that wage growth remains lackluster.
- The U.S. unemployment rate remained unchanged at 4.1% in January, but that appeared to have more to do with a big jump in the labor force estimate from the Bureau of Labor Statistics.
- Monthly payroll numbers like these not only show the U.S. economy is hitting on all cylinders today, it could be running a bit too hot.
- The bond market is finally changing its tune on the inflation outlook.
Read More ›
The payroll report for February did not disappoint. Job gains were 235K; our forecast was for 220K.Read More ›
Growing signs of a tightening U.S. labor market were clearly visible in this month’s report, from dropping unemployment rates to rising wages.Read More ›
Overall, it’s a weaker-than-expected jobs report for August that showed renewed softening in the goods-producing side of the economy.Read More ›
It was another solid employment report for February that generally beat consensus expectations.Read More ›