All Posts Tagged: job growth

U.S. Outlook: Job growth back on track in June

Scott Anderson
Chief Economist

June nonfarm growth easily surpassed analysts’ expectations, increasing by 222K jobs on the month.

Chart showing growth in various job sectors in June.Overall this was a solid payroll report that reinforces the notion that the U.S. labor market remains a bright spot for the U.S. economic expansion.

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

Key observations:

  • As long as the U.S. economy can continue to put up job numbers like this, the FOMC will remain on its rate-hike and balance-sheet-reduction schedules this year.
  • Our forecast on Fed monetary policy going forward is unchanged, given this new labor market information.
  • If there was any disappointment, it was in average hourly earnings.
  • Without stronger wage growth, it is unlikely we will see sustained acceleration in consumer price inflation anytime soon.

Click here to read my full report.

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Instant Analysis: Employment report for March

Scott Anderson
Chief Economist
Carpenter varnishing a large board

The U.S. employment report for March was another piece of positive economic news.

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U.S. Outlook: Core inflation holds firm in the third quarter

Scott Anderson
Chief Economist
Graph showing consumer inflation trends over 5 years.

This week the September release of the Consumer Price Index held some interesting information about the future path of inflation.

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U.S. Outlook: It’s all about the jobs

Scott Anderson
Chief Economist
Graph showing monthly trends in nonfarm job creation.

There is nothing in the July jobs report that should dissuade the FOMC from an initial rate increase in September.

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Quick thoughts on May’s U.S. payroll report

Scott Anderson
Chief Economist
Commuters on a sunny day walking across a bridge toward a city center on their way to work.

Job growth roared back to life in May.

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