All Posts Tagged: jobs report

U.S. Outlook: Thanksgiving comes early this year

Scott Anderson
Chief Economist

Rather than a scary October payroll report appropriate for the Halloween season, investors and analysts received an early Thanksgiving surprise.

closeup on palate of food delivered by grocery employee.Nonfarm payrolls jumped by 250K in October, up from 118K in September, and well above the consensus forecast of 200K jobs.

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Nov. 2.

Key observations:
  • Clearly, there was a strong bounce back from Hurrican Florence baked into October’s job gains.
  • Bad weather prevented 198K people from working last month.
  • The U.S. job growth engine shows no sign of slowing down as yet. This raises the odds of another rate hike from the Fed in December.
  • Low unemployment rates finally appear to be lifting average hourly earnings growth. For the first time in this expansion, the average hourly earnings growth moved above 3.0%.

Read my full report.

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U.S. Outlook: Don’t let the headline fool you; job engine is intact

Scott Anderson
Chief Economist
Business people on a break in a glass covered space.

Hurricane Florence muddied the waters of the September payroll report.

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Instant Analysis: June payrolls surprise to the upside, but wage growth disappoints

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

June’s job numbers keep the Goldilocks story of this economic expansion alive.

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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: What you need to know

Scott Anderson
Chief Economist
Chart that shows consumer spending trends.

Where did all the shoppers go? Coming off a heady fourth quarter when consumers couldn’t find an item they didn’t want to purchase, the consumer appeared to be knocked‐out in the first quarter.

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