Don Curren 🇨🇦🇺🇦BMO: #Equitymarkets point to a stable open this morning, while #Treasury #yields are little changed ahead of the January #U.S. #employmentreport. #Oilprices are firm with #WTI up about $1 to $65, while the #loonie is holding at $1.353/USD (73.9 US cents) #markets #CAD
1 BMO: The unexpected decline in #US control real #retailsales in Dec will likely prompt a markdown in #Q4 real #consumerspending growth forecasts, putting a dampener on the resilient #consumer narrative and increasing the importance of this week’s #January #Employmentreport, … 🧵
#usecon
Matt MaisonNotes from the May 2024 Employment Report
- The U.S. economy added 272,000 jobs during May, the 41th straight month of gains, defying signs of a slowdown and smashing economists’ expectations.
- The unemployment rate rose slightly to 4.0%, although remained near 50-year lows. The rate has remained below 4% for more than two years.
- Both the labor force participation rate and the employment-population ratio were little changed.
John Schmitt@epi on today's monthly US employment data release:
"June jobs numbers signal a growing economy: Gains for women and strong public sector growth, but losses for Black workers"
June jobs numbers signal a growing economy: Gains for women and strong public sector growth, but losses for Black workers
Below, EPI senior economist Elise Gould offers her initial insights on the jobs report released this morning. From EPI senior economist, Elise Gould (@eliselgould): Read the full Twitter thread here. Labor market continues to be strong, mostly positive signals from today's report with some notable trends to watch: - Payrolls up 209k (+60k public…