US jobs rise, unemployment drops
8m
The US labor market added 130,000 jobs in January, surpassing expectations and pushing the unemployment rate down to 4.3%, while wages rose.
Reposted by Iikka Korhonen
The consensus forecasts are for a monthly employment gain of 65,000, an unemployment rate of 4.4%, and a 3.7% annual increase in average hourly earnings.
Two additional factors to note:
• There is an unusually wide gap in individual surveyed…
The consensus forecasts are for a monthly employment gain of 65,000, an unemployment rate of 4.4%, and a 3.7% annual increase in average hourly earnings.
Two additional factors to note:
• There is an unusually wide gap in individual surveyed…
by Claudia Sahm Reposted by Menzie Chinn, Aaron Sojourner
stayathomemacro.substack.com/p/a-year-wit...
stayathomemacro.substack.com/p/a-year-wit...
by Aaron Sojourner Reposted by Trevon D. Logan, Stuart Shapiro
At 8:30 am ET, @usbls.bsky.social delivers one of the most-important signals abt how economy is changing
Forecasts’ center:
+55K jobs
Unemployment rate (UR) steady at 4.4%
Report will reflect normal, annual revision processes but fodder for disinfo:
bsky.app/profile/aaro...
At 8:30 am ET, @usbls.bsky.social delivers one of the most-important signals abt how economy is changing
Forecasts’ center:
+55K jobs
Unemployment rate (UR) steady at 4.4%
Report will reflect normal, annual revision processes but fodder for disinfo:
bsky.app/profile/aaro...
by Claudia Sahm Reposted by Iikka Korhonen, Aaron Sojourner
(Note, downward revisions start in 2024, so not a simple politics story.)
(Note, downward revisions start in 2024, so not a simple politics story.)
"It says that we're underperforming right now... The thing that matters most to people's lives is the unemployment rate. Can you find work? And that was as low as 3½% a couple of years ago. It's now up around 4½%."
"It says that we're underperforming right now... The thing that matters most to people's lives is the unemployment rate. Can you find work? And that was as low as 3½% a couple of years ago. It's now up around 4½%."
Reposted by Iikka Korhonen
Reposted by Fabián Muniesa, David Darmofal
•There is an equally broad spectrum of opinions regarding the composition of this slowdown—specifically, the balance between supply-side constraints and cooling demand.
#economy #jobs #employment #unemployment #markets
•There is an equally broad spectrum of opinions regarding the composition of this slowdown—specifically, the balance between supply-side constraints and cooling demand.
#economy #jobs #employment #unemployment #markets
At 8:30 am ET, @usbls.bsky.social delivers one of the most-important signals abt how economy is changing
Forecasts’ center:
+55K jobs
Unemployment rate (UR) steady at 4.4%
Report will reflect normal, annual revision processes but fodder for disinfo:
bsky.app/profile/aaro...
Hires rate like 2011 is particularly worrisome, falling since Fed's hikes (figure).
Jobs have been stable for employed but tough for small share unemployed & wage growth has decelerated.
Today will revise 2024-'25 job growth ⬇️.
Hires rate like 2011 is particularly worrisome, falling since Fed's hikes (figure).
Jobs have been stable for employed but tough for small share unemployed & wage growth has decelerated.
Today will revise 2024-'25 job growth ⬇️.