All Posts Tagged: manufacturing

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

Scott Anderson
Chief Economist

The August employment report looks pretty sweet on the surface.

Young professionals in coworking space.There were a few blemishes hidden in the employment report today that are worth pointing out and bear watching in the months ahead.

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

Key observations:
  • The job report was also peppered with a number of major sectors that lost net new jobs in August.
  • The manufacturing sector job loss last month could be the first sign of negative fallout from the Trump administration’s trade policies.
  • Average hourly earnings increased 0.37% in August, the fastest monthly pace since December.
  • This data virtually ensures another rate hike from the Fed at the September FOMC meeting and raises the probability of another in December.

Read my full report.

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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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Becoming the CEO: Q&A with Gisele Maxwell

Kristin Nelson
Wealth Management Strategy
Kristin Nelson and Gisele Maxwell at a recent reception in San Francisco.

It is a 24/7 job, having to worry constantly about the smooth running of the company and the well-being of employees in order to retain them.

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

Scott Anderson
Chief Economist
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.

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