Aug
07

Excellent Exertion

excellent exertion With 209,000 net new jobs in July and YTD average monthly employment gains averaging 184,000, just below the 187,000 in CY16, job growth is excellent. The employment-to-population ratio at 60.2% is at its best level since 2/09, and the unemployment rate declined to 4.3% despite a large rise in the labor force. Better yet, M-o-M wage growth was 0.34%, up from 0.15% in June; its best showing since 10/16.

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