US December Jobs Report: The boom in the American economy & jobs market continues. Strong increase of 216K and unemployment rate of 3.7%. Average hourly earnings of 0.4% m/m and 4.1% y/y. Net revisions down 71K in November & October. Private payrolls increased by 164K.
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Chief Operating Officer |Independent| Transforming Financial Planning Through Scientific & Behavioral Innovation. |Crafting Wealth with Precision|
The job market is heating up again. The US economy added 254k jobs in September, well above expectations of 147K with unemployment falling to 4.1%, August payrolls were also revised up +17k to +159k, along with July being revised up +55k to +144k. Market expectations of deeper rate cuts are certainly being challenged as the bond market is now forecasting a 25 percent reduction rather than 50 at the next meeting #jobs #economy #fed #interestrates
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US July Jobs Report: increase of 114K, unemployment rate of 4.3% with average hourly earnings of 0.2% m/m & 3.6% y/y. 97K increase in private sector payrolls and a downward revision of 29K over the past two months. Those Fed cuts are definitely going to happen in September & the market has fully priced in 4 cuts through January 2025.
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From Linkedin News: In a sign of a still resilient labor market, the U.S. economy added 272,000 jobs in May, far more than expected, the Bureau of Labor Statistics reported Friday. However, the unemployment rate ticked up to 4.0%, its highest level in two years. Job growth had been undershooting the monthly average seen in the first quarter, with a revised 165,000 new nonfarm payrolls in April. A tighter labor market and its contribution to inflationary pressures may undermine the case for interest-rate cuts anytime soon. https://lnkd.in/gyQ3gjrz
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The latest BLS jobs report reveals a slowdown in job growth for July, with nonfarm payrolls increasing by 114,000 compared to the estimated 185,000. The unemployment rate also rose to 4.3% from 4.1% in June, signaling concerns of a broader economic slowdown. Labor Force Participation saw a slight increase to 62.7%. These numbers suggest a challenging economic landscape ahead. On a positive note, the improvement in the reduction of the rate of inflation, combined with these job market indicators, is a strong signal to the Federal Reserve to move on cutting interest rates in September. This potential move could provide a much-needed boost to the markets and help navigate through the current economic challenges. #BLS #JobsReport #EconomicOutlook
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Job growth in the U.S. slowed much more than expected during July and the unemployment rate ticked higher, fueling fears of a broader economic slowdown, the Labor Department reported Friday. Nonfarm payrolls grew by just 114,000 for the month, down from the downwardly revised 179,000 in June and below the Dow Jones estimate for 185,000. The unemployment rate edged higher to 4.3%, its highest since October 2021. Read more details from the report: cnb.cx/3YtEXuI
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#US_economy Another very strong jobs report has cast further doubt on the prospect of interest rate cuts this year. Payrolls increased by 272,000 in May, beating all expectations, and average hourly earnings growth was hotter than expected. However, the unemployment rate rose with the contradictory evidence suggesting prospects could still go either way
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December's jobs report looked great on the surface—with 216,000 jobs created, an unchanged unemployment rate, and still-strong earnings growth. Yet, revisions resulted in 71,000 fewer payrolls in October and November; the unemployment rate was unchanged because of the decline in the labor force; and household employment fell by nearly 700,000 individuals.
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I help Staffing and HR Tech Companies Grow Sales Faster | LinkedIn Top Voice for Staffing | Marketing | Sales | Lead Gen | Professional Development | Global Award-Winning Staffing Leader | ClearEdge
Don’t sit through another operations meeting wondering how to keep things running. With the latest jobs report showing growth, now's the time to strategically expand in sectors like hospitality, healthcare, and retail. Adapt to moderate wage increases and enhance benefits to attract talent. If you're unsure about scaling your workforce to meet these changes, ask for help - we have the expertise and insights to guide you. Let's work together to ensure your operations thrive - Employbridge, powered by Bluecrew can get you there. #strategicgrowth #businessoperations #workforcedevelopment #labormarket
The #JobsReport numbers are out; with 216k jobs added in December, the unemployment rate remained at 3.7%, and the labor participation rate fell slightly to 62.5%.
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Commercial Appraisal Supervisor
9moWith this data in hand, have your expectations for rate-cuts beginning in March declined?