All Posts Tagged: unemployment rate

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

Scott Anderson
Chief Economist

Hurricane Florence muddied the waters of the September payroll report.

Business people on a break in a glass covered space.However, the U.S. labor market managed to reveal its underlying strength and resilience despite the miss on the headline jobs number.

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Oct. 5.

Key observations:
  • The U.S. economy has added over 200K jobs per month over first three quarters of 2018.
  • The last time the U.S. economy managed that feat was way back in 2105, when the unemployment rate was much higher than it is today (over 5%).
  • The year-on-year wage growth rate failed to accelerate, slipping back to 2.8% from 2.9% in August.
  • The report increases the odds the Fed will raise the fed funds rate two more times next year.

Read my full report.

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

Scott Anderson
Chief Economist
Business man on Wall St. at top of escalator carrying folded newspapers

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.

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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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California Economic Outlook – June 2018

Scott Anderson
Chief Economist
Side view of tall concrete bridge spanning two peaks along the coastline of California at sunset.

California’s job creation continues to outperform the nation, but job growth has slowed as more metro areas exceed full employment.

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