Displaying items by tag: labor market
The May employment report was less notable for the size of any particular upside surprise than the consistency of its upside surprises and the good news throughout. The rise in employment across the establishment and household surveys was on roughly the same scale, wage growth ticked back up, and the 3-month average in payroll growth returned to about 180k – comfortably within its range since late 2016. Intriguingly, the progress on several areas of labor market slack suggested that the U.S. labor market is not at full employment after all.
(Reuters) - U.S. private employers added a fewer-than-expected 166,000 jobs in September, according to Wednesday data from a payrolls processor, underscoring steady but still sluggish growth in the labor market.