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nonfarm payrolls

Jobs report preview: Expect slightly slower hiring in January

Feb. 4, 2020 by Joseph Brusuelas

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 in 2019. In addition, the Bureau of Labor ... READ MORE >

Expect a solid jobs report on Friday, despite manufacturing’s weakness

Dec. 4, 2019 by Joseph Brusuelas

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 Manufacturing Index and ADP private sector employment ... READ MORE >

US July employment report: “A Gentleman’s C”

Aug. 2, 2019 by Joseph Brusuelas

Downward revisions to the May and June estimate of total employment as well as a decline in total and aggregate hours worked cast a pall over a total change in July employment of 123,000 (164,000 top line less net downward revision of 41,000) and the unemployment rate that held steady at 3.7%. While job gains were solid in manufacturing, goods production, ... READ MORE >

March jobs report: Payrolls rise, but wage growth cools

Apr. 5, 2019 by Joseph Brusuelas

March jobs 2019 chart

The U.S. March employment report should allay fears of a 2019 recession as the unemployment rate held at 3.8 percent and the economy generated 196,000 new jobs on top of an upward revision of 13,000 to the February estimate, bringing the total change in employment to 209,000. While, the economy is slowing, the underlying trend in hiring right now is roughly ... READ MORE >

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About The Real Economy Blog

The Real Economy Blog from RSM US LLP was developed to provide timely economic insights about the middle market economy. It is offered as a complement to RSM’s macroeconomic thought leadership, including The Real Economy monthly publication and the proprietary RSM US Middle Market Business Index (MMBI).

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The Real Economy Blog
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