Posts tagged U-6
Will Weak Jobs Put Rate Hikes at Risk?
Will Weak Jobs Put Rate Hikes at Risk?

With the labor market slowing down, will the Federal Reserve raise interest rates at its next policy meeting in two weeks? That was the big question after the Labor Department reported that the economy added a disappointing 138,000 jobs in May, worse than the 185,000 analysts had expected. Additionally, the previous two months were revised lower by 66,000, putting the three month average at just 121,000. In the first five months of 2017, the economy has seen average monthly job creation of 162,000, down from 189,000 in 2016, and 226,000 in 2015. 

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BlogMark TalercioEmployment, Fed, FederalReserve, Janet Yellen, labor, labor force participation rate, Labor Market, May employment report, May jobs report, Participation rate, U-6, Unemployment, unemployment rate
Stormy Weather for March Jobs
Stormy Weather for March Jobs

Although it may seem like a lame excuse, stormy weather in March, which followed mild conditions in February, caused job creation to slump in March. The economy added a lower than expected 98,000 jobs and the number of Americans who were not at work due to bad weather was 195,000 in this report, 55,000 more than the historic number of 140,000. Adding back those employees, the reading was 153,000, somewhat weaker than the 175,000 expected, but well within the general range. 

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BlogMark TalercioEarnings, Earnings season, Employment, Jobs, jobs report, labor department, March Jobs Report, STEM jobs, U-6, Unemployment, unemployment rate