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 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 […]