What Happened Last Week and What It Means to You: January 22, 2021
Inauguration… Initial unemployment claims… Consumer confidence increases… Fed is full speed ahead… Wow, don’t read anything into this…
The U.S. Created 156,000 Jobs in September, the Unemployment Rate Ticked up to 5.0%… Labor force participation increased slightly, pushing up the number of unemployed. What it means – Two things. First, more Americans came off the sideline and started looking for work. Second, not very exciting. The numbers weren’t high enough to require a […]
The U.S. Economy Created 142,000 Jobs in September, Far Below the Expectation of 200,000… The reports for August and July were revised lower, by 37,000 and 22,000 respectively. What it means – Less. That’s the theme of the entire report. Fewer jobs were created than expected, hours worked declined, labor force participation dropped, and even earnings […]