Feb
04

Loving Labor

Despite a partial government shutdown and volatile markets, 304,000 net new jobs were created in January, the second-best increase since 7/16, and the 100th straight month of employment gains, more than double the next best stretch. Y-o-Y wage growth remains a strong 3.2% and the labor force participation rate hit 63.2%; tops since 9/13. With data like this, household consumption will remain strong and the Fed will eventually raise rates.

Share This Post
Facebook Twitter Email

Speak Your Mind

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.