Labor market dynamics this year will most likely reflect a general slowing in monthly hiring that can be expected late in the business cycle. For this reason, we expect the economy to generate 155,000 new jobs in the January 2020 employment report, somewhat slower than the 176,000 monthly average observed ... READ MORE >
jobs report
Women outnumber men in the workforce, and the middle market must adapt
Rarely are inflection points in the history of an economy or a nation observed in real time. Profound change is often only identified long after it has occurred. The December U.S. employment report provided a hint that the U.S. labor market, economy and the basic organization structure of the relationship ... READ MORE >
U.S. added 145,000 jobs in December as women now outnumber men in the workforce
Hiring in the economy closed out the year with a gain of 145,000 jobs in December, making for an overall increase of 2.1 million in 2019, the Labor Department reported on Friday. But most notable in the report was a milestone in the rise of women in the labor force. For the first time since 2010, women ... READ MORE >
Jobs report preview: Expect a cooler December
After a blowout jobs report in November, we expect things will have cooled off a bit when the December jobs figures are released on Friday. We expect a net gain of 145,000 in December hiring with downside risk linked to late-year seasonal adjustments and a slower pace of hiring. This slower pace is ... READ MORE >
Expect a solid jobs report on Friday, despite manufacturing’s weakness
The November nonfarm payrolls report will be released Friday, and despite early reports of softness in manufacturing, we still expect a net increase in total employment of 165,000 jobs and the unemployment rate to hold at 3.6%, thanks to a healthier service sector. We see this gain even though the ISM ... READ MORE >
The jobs report comes out Friday. Put a big asterisk on it because of the GM strike.
The 40-day strike at General Motors may have been resolved, but its broader impact on the economy will become evident when key data on the U.S. labor market is released on Friday. We expect the U.S. employment report to show a net increase of 75,000 in total employment, well below the three-month ... READ MORE >