Labor Market Recap November 2024: Tepid
The labor market is treading water at this point. It’s not drowning, but it’s unclear how long it can remain in this state.
Employment
43 postsLabor Market Recap October 2024: A Messy Report, but the Slowing Thru-line Remains
Due to the October payroll number marred by hurricanes and the Boeing strike, the real signal comes from the household survey (where those who are absent due to weather are still counted as employed) and the negative revisions to previous months.
Labor Market Recap September 2024: Good News
Make no mistake: this is good news. The Fed has made a commitment to not allowing the labor market to deteriorate further, and we’d rather not see that commitment tested.
The Fed Should Keep Unemployment Expectations Anchored
We will be hoping for two things at the September meeting this week: a 50 bps cut and minimal upwards revisions to the unemployment rate projections in the Summary of Economic Projections (SEP).
