Public sector employment was down in November, as a 13,000 person drop in state employment more than offset small gains at the federal (+3,000) and local (+4,000) levels. Because we have previously seen major revisions to the state and local employment numbers, we will reserve judgment on what the declines you can see in the […]
The final component of the Elite Eight is truck transportation employment where we saw a gain of 4,500 persons. Based on what we read in the trade press about the need for more truck drivers, one might be surprised that the gains on this chart are not larger than what we see. It should be […]
The November report was a good report and one that is consistent with what we expect at this phase of the cycle. There was nothing here to suggest that the Federal Open Market Committee [FOMC] will want to change its plans for its next scheduled rate hike. But there was also nothing here to suggest […]
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