Just as we warned moments ago when we cautioned that the whisper number is for a sharply lower print than the expected 180K print, moments ago the BLS confirmed that in February the US labor market hit a brick wall, or perhaps a blizzard, when it added just 20K jobs in February…
Dow Surges 746 Points on Fed Chair Remarks, Jobs Blowout…
Stocks surged with the Dow Jones Industrial Average rising 746 points Friday after Federal Reserve Chair Jerome Powell said the central bank is prepared to adjust policy quickly and flexibly. His comments followed a blockbuster jobs report for December which saw annual wages jump the most since 2008. The Dow’s gain of 3.2 percent is […]
155k Jobs Added to November’s Payroll…
U.S. Secretary of Labor Alexander Acosta today issued the following statement regarding the November 2018 Employment Situation report: “President Trump’s policies continue to fuel strong and steady job growth. Two full years since the President’s election, 4.6 million jobs have been created, including 155,000 in November. Job gains were significant in manufacturing and transportation and […]
The Perfect Jobs Report…
ADP Employment Jumps Most in 8 Months, Small Business Struggles…
Following September’s big disappointment in BLS data (95k below ADP’s print), October saw no relenting in ADP’s exuberance with a better than expected +227k (vs +187k exp). September’s +229k spike was revised down to +218k making October’s +227k print the best since February…
MAGAnomics: Jobs, Jobs, Jobs July Report – Private Employment +170,000, Government Employment -13,000, Net: +157,000…
The Bureau of Labor Statistics (BLS) released the July 2018 employment report today (full pdf with tables below) highlighting continued growth in jobs. Overall private employment gained 170,000 jobs, while government employment decreased 13,000 jobs for a net gain of 156,000 new jobs. The BLS unemployment rate dropped to 3.9%. [*Note this footnote: “The change […]
Here Is the Real Problem Deep Inside the Jobs Report…
November Payrolls Jump 228K, Beat Expectations But Wage Growth Disappoints…
In a continuation of the recent theme shown by the labor market, the BLS reported that November payrolls rose by a seasonally adjusted 228K, beating expectations of 200K, if lower than October’s downward revised 244K (from 261K) while September was revised up from +18,000 to +38,000. With these revisions, employment gains in September and October […]
Where The Jobs Were: Manufacturing, Construction Workers Soar…
There has been a distinct shift in the composition of job gains in the first full job report under Donald Trump: whereas in the recent past, jobs under Obama were mainly focused in low-paying, minimum-wage categories, such as retail, hospitality, education and, of course, food service and drinking places, in February there was a notable […]
U.S. Economy – Something is not Right…
Something very strange has recently happened with the national manufacturing ISM data. Not only are they regularly at odds with the PMI data released by Markit, but they…