Discover and read the best of Twitter Threads about #JobGrowth
Most recents (2)
1/10 *Thread* 🧵
🚀 US Labor Market: May payrolls rise by 339K, surpassing the 190K Dow Jones estimate, and marking the 29th straight month of positive job growth. Unemployment rate increases slightly to 3.7% - still near the lowest since 1969. #LaborMarket #JobGrowth
🚀 US Labor Market: May payrolls rise by 339K, surpassing the 190K Dow Jones estimate, and marking the 29th straight month of positive job growth. Unemployment rate increases slightly to 3.7% - still near the lowest since 1969. #LaborMarket #JobGrowth
2/10
📈 This surge in job creation reveals a resilient labor market despite various challenges. Average hourly earnings, a key inflation indicator, rose 0.3% for the month, and wages increased 4.3% annually. #EconomicGrowth #Inflation
📈 This surge in job creation reveals a resilient labor market despite various challenges. Average hourly earnings, a key inflation indicator, rose 0.3% for the month, and wages increased 4.3% annually. #EconomicGrowth #Inflation
3/10
💼 Job creation is led by professional and business services (64K new hires), followed by government (56K) and healthcare (52K). Other notable sectors include leisure and hospitality (48K), construction (25K), and transportation and warehousing (24K). #JobCreation
💼 Job creation is led by professional and business services (64K new hires), followed by government (56K) and healthcare (52K). Other notable sectors include leisure and hospitality (48K), construction (25K), and transportation and warehousing (24K). #JobCreation
Despite a modestly weaker headline #payroll print of 157,000 jobs gained, which introduces a bit of perspective over where we might be headed, the revised three-month average payroll gain resides at a very strong 224,000 jobs.
This expansion has witnessed a remarkable consistency in the pace of #jobgrowth, but we believe it is bound to slow as we head into next year, both because of how far we have already come, and because #policy and growth prospects may become harder next year.
We will continue to watch #wages, core #inflation, and particularly core PCE data from here, and will keep a keen eye on corporate sentiment readings, as the #Fed’s job is more challenging now that its policy goals have been clearly met and the economy continues to grow strongly.
