We expect a net gain in total employment of 175,000 jobs and an unemployment rate of 4.2% when the U.S. jobs report is released on Sept. 6. In addition, we expect average hourly earnings to increase by 0.3% on the month and for the year-ago figure to cool slightly to a 3.5% gain. The key to any ... READ MORE >
household survey
U.S. January jobs report shows strong gains and significant upward revisions
The American labor market remained red hot in January and that strength will stimulate a discussion of faster interest rate hikes by the Federal Reserve at its March meeting. The net increase of 467,000 in total employment on the back of a significant upward revision to the December estimate, from ... READ MORE >
November U.S. job data: A tale of two reports as unemployment rate fell to 4.2%
The American labor market tightened noticeably in November despite a slower pace of hiring, according to Labor Department data released Friday. Rarely has an estimate produced by the Bureau of Labor Statistics showed such a divergence between the two surveys of the labor market—the establishment ... READ MORE >
U.S. August employment report: Delta variant exerts a drag on hiring
What is obvious in the August jobs report that was released on Friday is that the delta variant has affected overall economic activity and hiring. Until a small portion of the public decides to get vaccinated, both the economy and hiring will be held hostage to the ebb and flow of the ... READ MORE >