Instant Analysis of Today’s Employment Report for April The April jobs report came in weaker than expected in the face of improving jobless claims data. Nonfarm payrolls increased +160K in April- below economists consensus expectations for a +200K net gain in jobs on the month. This is the weakest monthly U.S. jobs report in seven […]
Continue ReadingUS Outlook Report: Ignore the Headline Q3 GDP Report Was Solid Third quarter U.S. real GDP growth came in a touch lighter than our forecast at 1.5%, and was a big deterioration from the second quarter’s 3.9% real GDP growth, but in this instance the headline is deceiving. Our view is that third quarter […]
Continue ReadingInstant Analysis of Today’s Employment Report for August Job Growth Slows in August; +173K vs. Consensus Exp. +217K Unemployment Rate Drops two tenths to 5.1% June and July Job Numbers Revised Up a Net +44K Avg. Hourly Earnings Accelerate +0.3% (+2.2% y-o-y) Labor Force Participation Flat Job Losses in Goods Producing Sectors- Service Sectors Solid […]
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