This influx of immigrants is one of many reasons why the U.S. economy has grown by nearly 3% over the past two years. … READ MORE >
U.S. unemployment rate
Hiring rebounded in November following weather-distorted October report
After the distortions In October’s jobs report caused by two hurricanes, the American labor market bounced back in November with the creation of 227,000 jobs. … READ MORE >
Initial jobless claims climb amid holiday volatility
First-time claims for unemployment benefits increased to 224,000 Last week, in line with the 13-week moving average of 226,000. … READ MORE >
Morning market minute: The mystery of rising long-term unemployment
But there a mystery amid today’s strong labor market: Longer-term unemployment of greater than 27 weeks is on the rise. … READ MORE >
Distortions in the October U.S. jobs report mask underlying strength
We would urge investors, firm managers and policymakers not to overinterpret the temporary factors driving the top-line decline and to expect a similar dynamic in the November jobs estimate. … READ MORE >
Why the labor market is stronger than the unemployment rate indicates
At least 19% of the increase in the unemployment rate from 2023 to 2024 can be explained by the increase in labor supply. Since 2021, the return of workers to the labor force, in addition to new additions from immigration and population growth, has been a key driver of overall unemployment in the U.S. … READ MORE >
U.S. August jobs report: A soft landing in the economy
Hiring is cooling and we expect that will define the second half of the year as firms manage their mix of capital and labor to meet demand. … READ MORE >
Expect strong U.S. jobs report for August, but the devil is in the details
We expect a net gain in total employment of 175,000 jobs and an unemployment rate of 4.2% when the employment report is released on Sept. 6. … READ MORE >
U.S. July employment report to show a gain of 200,000 jobs
The second, and more important, element of the jobs report will be the direction of the unemployment rate, which has been rising as more people, lured by rising wages, enter the workforce. … READ MORE >
As economy cools, Fed needs to cut rates
This overall slowing should result in the Federal Reserve’s reducing its federal funds policy rate by 25 basis points in September and December, which would put it a range between 4.75% and 5%. … READ MORE >