All Posts Tagged: new jobs

U.S. Outlook: On the hunt for a better job

Scott Anderson
Chief Economist

It is widely known that the U.S. economy is creating new jobs at a rapid pace. Since the expansion started, the economy has added nearly 20 million jobs.

Business man on Wall St. at top of escalator carrying folded newspapersWhat is less well-known is the improvement we have seen in the quality of the jobs being created.

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Sept. 28.

Key observations:
  • With nearly 7 million open positions in the United States — a new national record — it is getting harder and harder for employers to find qualified candidates.
  • As of August, part-time employment in the U.S. had dropped by 616,000 jobs, while full-time jobs were up by 2.7 million.
  • This labor-shortage trend likely extends into the gig economy as well.
  • Our forecast for the September payroll report is for another increase of 180K nonfarm jobs, with the U.S. unemployment rate moving back down to 3.8%.

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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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.

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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: 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.

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