August hiring slowed to 130,000 jobs, reflecting late-cycle business dynamics and the impact of the trade war that is now spilling over into the real economy. After adjusting for Census Bureau hiring the top-line hiring increase was only 105,000 jobs, just above the 100,000 necessary to stabilize the unemployment rate … READ MORE >
employment
US employment preview: hiring deceleration amid steady unemployment rate
The U.S. economy likely generated roughly 150,000 jobs in July and the unemployment rate remained steady at 3.7%. The July employment report—due to be released by the government Friday—is traditionally impacted by seasonal adjustments that will likely include sharp slowing in education and government hiring along with a notable pick up in leisure and hospitality. In addition, we expect another soft increase of 0.2% in average hourly earnings, which would keep the year-ago metric at 3.1%. … READ MORE >
US employment report–April springs ahead
A dynamic U.S. labor market did not disappoint in April as the private sector created 236,000 new jobs and government added 27,000 for a net gain of 263,000 on the month. The unemployment rate declined to 3.6 percent, the lowest since December 1969. Upward revisions to the previous two months resulted in a total change in employment of 279,000, well above the 169,000 three-month average. … READ MORE >