Feb
05

Household Employment

If you were to pick just 1 item out of yesterday’s jobs report that accurately depicts the labor market, given the inconsistent messages, it would be the Household employment # on a payroll and population adjusted basis. It came in at +153k in Jan; in line with the avg of the past 12 months. For bulls it confirms a labor market recovery; for bears it shows there’s no sign of acceleration in employment growth.

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