All Posts Tagged: wage growth

U.S. Outlook: Job growth back on track in June

Scott Anderson
Chief Economist

June nonfarm growth easily surpassed analysts’ expectations, increasing by 222K jobs on the month.

Chart showing growth in various job sectors in June.Overall this was a solid payroll report that reinforces the notion that the U.S. labor market remains a bright spot for the U.S. economic expansion.

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

Key observations:

  • As long as the U.S. economy can continue to put up job numbers like this, the FOMC will remain on its rate-hike and balance-sheet-reduction schedules this year.
  • Our forecast on Fed monetary policy going forward is unchanged, given this new labor market information.
  • If there was any disappointment, it was in average hourly earnings.
  • Without stronger wage growth, it is unlikely we will see sustained acceleration in consumer price inflation anytime soon.

Click here to read my full report.

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U.S. Outlook: Western states charge ahead; many others lag

Scott Anderson
Chief Economist
Graphic showing increase in personal incomes in western United States

Average personal income growth for all states was up 4.4% in 2015, with the Western and Southeastern states showing the strongest percentage gains in personal income.

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Instant Analysis: Employment report for March

Scott Anderson
Chief Economist
Carpenter varnishing a large board

The U.S. employment report for March was another piece of positive economic news.

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U.S. Outlook: What to expect in 2016

Scott Anderson
Chief Economist
Graph showing annual GDP growth or declines

In this week’s U.S. Outlook report, we give you a little preview of what you can expect from the U.S. economy and interest rates in 2016.

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U.S. Outlook: More signs of a stronger second half

Scott Anderson
Chief Economist
Graph showing homebuilder confidence at expansion highs in June 2015

The U.S. economic data continue to improve, and the near-term outlook appears to be shaping up pretty close to forecast expectations.

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