Jobs Tag

A Goldilocks Job Report

09 Jan, by Steven Vannelli, CFA in Economy, Markets

As the market continues to rally on Monday, we can’t help but ask ourselves what data nugget might we have missed from last Friday’s data? Let’s start with the more difficult data: the employment report. On the surface, the report showed a gain of 223,000 jobs,...

That Was a Strong Jobs Report?

06 Dec, by Steven Vannelli, CFA in Economy

While many seemed to focus on the basics of the employment report like average hourly earnings (which don’t take into consideration industry mix shifts among the employed) and the payroll job beat for the month, there is one very important variable that revealed the weakness...

An Inflection Point in the Labor Market?

26 May, by Steven Vannelli, CFA in Economy, News

As everyone knows, the labor market has been quite strong, with expectations for the unemployment rate to fall further next week. Much has been made of the relationship between job openings and unemployed people that are in the labor force. The ratio of job openings...

A JOLT to Job Openings & Asset Expectations

11 Feb, by Steven Vannelli, CFA in Economy

This morning the monthly job openings and labor turnover (JOLTS) report was released, and it came in significantly shy of expectations. While Bloomberg’s consensus estimate was for 6.925 million job openings, the actual number came in at 6.423. It is important to keep in mind...