All Posts Tagged: job creation

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

Scott Anderson
Chief Economist

If you merely glanced at the February jobs gain (313K), you would be forgiven for concluding the U.S. labor market is on fire and the economy is in danger of overheating and burning to the ground.

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.

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on March 9.

Key observations:

  • This was the strongest monthly gain in nonfarm payrolls since July 2016.
  • Despite sizzling job growth in recent months, signs of an overheating labor market were just not there.
  • Average hourly earnings increased only 0.1% in February, and the year-on-year gain slipped to 2.6% from a downwardly revised 2.8% gain in January.
  • The February jobs report makes another Fed funds rate hike in March a near certainty, in my opinion.

 

Read my full report.

 

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Study looks at growing impact priorities of ‘elite entrepreneurs’

Kristin Nelson
Wealth Management Strategy
Cover of Entrepreneur Report of sunny room with happy people clapping.

The result is a significant change from two years ago, in which only 10% felt social impact was a relevant business metric.

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U.S. Outlook: Job creation disappoints in May

Scott Anderson
Chief Economist
Graph showing month-over-month trends in US job creation.

The 138,000 jobs created last month left behind some confusion and uneasiness about the true underlying strength of the U.S. labor market.

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U.S. Outlook: It’s all about the jobs

Scott Anderson
Chief Economist
Graph showing monthly job gains (and losses) over the past several years.

The October jobs report revealed a solid improvement in job creation from the prior two months, solidifying expectations for better economic growth in the fourth quarter.

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Instant Analysis: U.S. employment report for May

Scott Anderson
Chief Economist
Hospital doctors conversing outdoors.

The May jobs report was actually a pleasant but somewhat boring read, for a change.

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