Wells Fargo Weekly Economic and Financial Commentary for June 5, 2015: Payrolls Suggest Weakness Should Be Temporary · Payrolls jumped by 280,000 in May, with stronger average hourly earnings, keeping a September rate hike on the table. · Income gains remained strong in April, but consumer spending was merely flat over the month, pushing core inflation […]
Continue ReadingScott Anderson, Chief Economist at Bank of the West, offers some quick thoughts on the U.S. Payroll Report: Job growth roared back to life in May. +280K net non-farm jobs were created, outdistancing all expectations, and bringing the average monthly job growth over the last 3 months to +207K. Private service providing industries drove the job […]
Continue ReadingInstant Analysis of Today’s Employment Report for April Job Creation In-Line with Expectations in April; +223K vs. Consensus Exp. +228K Unemployment Rate Drops one tenth to 5.4% March Job Numbers Revised Down a Net -41K to just +85K Avg. Hourly Earnings up a Modest 0.1% (+2.2% y-o-y) Labor Force Participation Improves Job Growth in All […]
Continue ReadingInstant Analysis of Today’s Employment Report for February Job Creation Exceeded Expectations in February; +295K vs. Consensus Exp. +235K Unemployment Rate Drops two tenths to 5.5% December and January Job Numbers Revised Down a Net -18K Avg. Hourly Earnings up a Modest 0.1% (+2.0% y-o-y) Labor Force Participation Slips Job Growth in All Major Sectors […]
Continue ReadingInstant Analysis of Today’s October FOMC Statement The FOMC appears to be staying the course with the October FOMC statement. The headlines today and tomorrow morning will be trumpeting the end of QE3, but that was already widely anticipated by the markets and economic analysts. The question is how does the FOMC proceed from here? […]
Continue ReadingInstant Analysis of Today’s Employment Report for September Job Creation Jumps in September; +248K vs. Consensus Exp. +215K Job Growth Numbers Now More In-Line with Other U.S. Indicators July and August Job Numbers Revised Up a Net +69K Unemployment Rate falls to 5.9% as Labor Force Participation Rate Drops to 62.7% Job Growth Accelerates For […]
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