◀ The Principal Blog

October Jobs Report – What Happened to the Slowdown?

The October jobs report was an excellent one, showing the addition of 271,000 jobs and a 0.1% drop in the unemployment rate. Along with the strong employment numbers, we saw a super-gain in average hourly earnings. The question now is what does this mean for consumer spending, and for a Fed rate…

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July Jobs Report – More Positive Job Growth

The July jobs report showed another month of positive job growth, adding 215,000 jobs. The unemployment rate remained unchanged at 5.3% as did the labor force participation rate at 62.6%. Wage growth remained sluggish in July but we still think the first interest-rate increase will happen in…

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