Tag Archives: jobs

The US created 211k net new jobs in April, a sharp bounce back from the downwardly revised 79k gain in March.  It is the third month this year that the US created more than 200k new jobs. United States Nonfarm payrolls Government payrolls increased by 17k.  As we noted with the Administration’s federal hiring freeze, the real growth in government employment is on the state and local level.  In April the federal...

Swiss Franc EUR/CHF - Euro Swiss Franc, May 05(see more posts on EUR/CHF, ) - Click to enlarge  FX Rates The US dollar is narrowing mixed as the employment data, and Fed speeches are awaited. Six Fed officials speak today, including Yellen and Fischer. Regional Presidents Williams, Rosengren Evans and Bullard also speak. It will be the first flurry of speeches since the FOMC meeting. Lastly, we note some chunky...

Economics is a pretty simple framework of understanding, at least in the small “e” sense. The big problem with Economics, capital “E”, is that the study is dedicated to other things beyond the economy. In the 21st century, it has become almost exclusive to those extraneous errands. It has morphed into a discipline dedicated to statistical regression of what relates to what, and the mathematical equations assigned to...

The payroll report disappointed again, though it was deficient in ways other than are commonly described. The monthly change is never a solid indication, good or bad, as the BLS’ statistical processes can only get it down to a 90% confidence interval, and a wide one at that. It means that any particular month by itself specifies very little, except under certain circumstances. This month just happens to be one,...

The US jobs growth slowed considerably more than expected in March and the disappointment pushed the dollar and equities initially lower.  United States Nonfarm payrolls The US created 98k jobs in March, well below market expectations for around 175k jobs. Adding insult to injury, revisions to the January and February data took off another 38k job. U.S. Nonfarm Payrolls, March 2017(see more posts on U.S. Nonfarm...

Personal Income growth in February 2017 was more mixed than it had been of recent months. Nominal Disposable Per Capita Income increased 3.73% year-over-year, while in real terms Per Capita Income was up 1.57%. For the former, that was among the better monthly results over the past year, while the latter was near the worst. The difference is still calculated inflation, where the rising oil component of every deflator...

The macroeconomic fundamentals have not changed much in the first three months of the year.  The US growth remains near trend, the labor market continues to improve gradually, both headline and core inflation remain firm, and the Federal Reserve remains on course to hike rates at least a couple more times this year, even though the market is skeptical.  The uncertainty surrounding US fiscal has not been lifted, and it...

Personal Income growth in February 2017 was more mixed than it had been of recent months. Nominal Disposable Per Capita Income increased 3.73% year-over-year, while in real terms Per Capita Income was up 1.57%. For the former, that was among the better monthly results over the past year, while the latter was near the worst. The difference is still calculated inflation, where the rising oil component of every deflator...

Today’s bland payroll report did little to suggest much of anything. All the various details were left pretty much where they were last month, and all the prior trends still standing. The headline Establishment Survey figure of 235k managed to bring the 6-month average up to 194k, almost exactly where it was in December but quite a bit less than November. In other words, despite what is mainly written as continued...

The US jobs report was largely in line with expectations. February was the second consecutive month that the US economy created more than 200k jobs. United States Nonfarm payrolls It is the first time since last June and July. The 235k is just below the revised January 238k gain (initially 227k). U.S. Nonfarm Payrolls, February 2017(see more posts on U.S. Nonfarm Payrolls, ) Source: Investing.com - Click to...