All Posts Tagged: manufacturing

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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U.S. Outlook: Economy keeps cranking out new jobs

Scott Anderson
Chief Economist
Young professionals in coworking space.

The August employment report looks pretty sweet on the surface.

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U.S. Outlook: Job growth cools in July

Scott Anderson
Chief Economist
Sun-drenched shot of workers hurrying across a bridge at the start of the workday.

Despite the miss on the headline job growth last month, it is impossible to describe the labor market as soft.

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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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