The acceleration in the pace of hiring is not surprising given the amount of stimulus that was applied to the economy early last year. The question now is whether the latest uptrend can be sustained. Concerns center around the effects of the trade war and headwinds from the rise in interest rates. Subscribe now!
The line on this chart continues to slope up. And that is, in the long run, all that matters. There was nothing in the report to suggest that the Federal Reserve need to move away from its recently stated position that it would wait for more data before deciding on further changes to the target Federal Funds rate. The January numbers are […]
Many commentators missed the effect of the revisions to the prior data had on the headline Establishment number. Much was made of the fact that the headline number was well above the consensus estimate of a gain of 164,000 jobs. The number net of revisions that you see below the chart is a much better […]
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