◀ The Principal Blog

Posts tagged ‘wage growth’

Job growth slows – May jobs report



This morning, the Department of Labor reported that the U.S. economy added 138,000 jobs in May, below expectations of 185,000. The unemployment rate dropped to 4.3%, which is the lowest since May 2001, but was primarily caused by a fall in the labor force participation rate. In addition to the weak…

Read more

Better than expected – April jobs report



This morning, the Department of Labor reported that the U.S. economy added 211,000 jobs in April, well ahead of expectations. The unemployment rate reached 4.4%, which was the low of the last business cycle. Sector gains were broad-based; the big job gainers were leisure and hospitality, and retail…

Read more

Recent