US adds jobs, unemployment falls
2m
The U.S. labor market added 130,000 jobs in January and the unemployment rate fell to 4.3 percent, surprising economists and bolstering expectations the Federal Reserve would keep rates on hold.
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 ⬇️.
low unemployment rate,
high rate of worker job security with low rate of bosses firing staff (figure),
few working part time due to lack of full time offer,
wages growing,
high participation and employment rates for 25-54 year olds…
low unemployment rate,
high rate of worker job security with low rate of bosses firing staff (figure),
few working part time due to lack of full time offer,
wages growing,
high participation and employment rates for 25-54 year olds…
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...
Reposted by Michael D. McDonald