Jobs Day
49 postsLabor Market Recap December 2024: Relief, for Now
The further slowing we were worried about last month, particularly in the prime-age employment rate, did not materialize. This sets back expectations for earlier and more rate cuts this year, but it’s certainly a good report for anyone concerned about the left tail of labor market risk.
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.
Labor 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.
