Tag Archives: US unemployment

October non-farm payrolls provided another sign of the US economy’s strength. But tepid wage growth means the Fed will likely remain cautious.October payrolls showed the US economy remains in fine fettle, as underlying payroll growth remained firm. Robust labour-market signals echo recent solid business surveys, strong job opening data, and very low levels of initial jobless claims.Payrolls rose 261,000, reversing some hurricane-related weakness (payroll growth was only 18,000 in September)....

The May nonfarm payroll report was mixed, but still unlikely to modify the case for a Fed hike this month. We still expect the Fed to raise rates twice more this year (in June and September).May was a mixed month for US employment data. Job creation was softer than expected, the figures for the previous couple of months were revised down and average hourly earnings data were somewhat disappointing. However, the unemployment rate unexpectedly fell further, reaching its lowest level since...

The first US jobs report of 2017 saw employment beat consensus. But some details were disappointing, including wage growth.Non-farm payroll employment in the US rose by 227,000 month on month in December, above consensus expectations (180,000). The unemployment rate rose slightly further, to 4.8% in December while the broader U6 unemployment rate rebounded to 9.4%. Overall, however, the underlying picture remains one of ongoing improvement in US labour market conditions. As we highlighted in...

A soft monthly payroll number conceals health of the US jobs market, but a Fed rate hike may not come until December. Non-farm payroll employment rose by a modest 151,000 month on month (m-o-m) in August, below consensus expectations. Moreover, the unemployment rate remained unchanged, wage increases were soft, and the average work week declined surprisingly. However, the disappointing August nonfarm payroll number followed solid numbers in June and July. Overall, job creation has been a...