All Posts Tagged: new jobs

U.S. Outlook: Job growth cools in July

Scott Anderson
Chief Economist

Nonfarm payroll growth slipped to 157K in July, the slowest pace of monthly job gains since March.

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.

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on August 3.

Key observations:
  • If job gains continue near the current pace, the U.S. unemployment rate will continue to move lower over the coming months.
  • We are forecasting the U.S. unemployment rate will average 3.6% by the fourth quarter of next year.
  • There is no sign in the July jobs data that the trade war is negatively impacting the U.S. job growth engine.
  • Despite falling short of consensus estimates on headline job creation last month, this is in way a weak labor market or even a weakening labor market.

Read my full report.

Read More ›

U.S. Outlook: The labor market is hot. Is it getting too hot?

Scott Anderson
Chief Economist
Busy office setting with several well-dressed stock traders checking activity on their computer terminals.

The May jobs report revealed impressive strength and breadth in U.S. job creation that blew away most economists’ expectations.

Read More ›

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.

Read More ›

U.S. Outlook: Is this still a Goldilocks expansion?

Scott Anderson
Chief Economist
Graph showing rise in hourly earnings (percentages) per month.

Jobs creation accelerated as 2018 got underway, with 200K net new jobs created last month.

Read More ›

Instant Analysis: Jobs decline due to hurricanes & unemployment rate unexpectedly drops

Scott Anderson
Chief Economist
Business owner looking worried as he checks his laptop and waits on the phone in his warehouse.

There was something for everyone in the September jobs report, but we think it wise for investors to look past the downbeat headline job loss.

Read More ›