In the last major release of economic conditions prior to the presidential election on November 8, the Labor Department reported on Friday that nonfarm payrolls increased by 161,000 positions in October. Hiring has now averaged 181,000 new positions per month over the past 10 months and 176,000 per month over the past 3 months. The year-to-date average was down from…
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More than six years into expansion, the labor market continued to add jobs in September. The Labor Department reported on Friday that nonfarm payrolls increased by 156,000 positions in September. Hiring has now averaged 178,000 new positions per month over the past nine months. However, the September gain was less than the 175,000 positions consensus projection and was down from…
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The Labor Department reported that nonfarm payrolls increased by 151,000 positions in August, a bit less than the 180,000 positions consensus projection and down from a very strong showing of 275,000 in July and 271,000 in June. Hiring has averaged 182,000 new positions per month over the past eight months. That is down from average gains of 229,000 in 2015.…
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The first Friday of the month at 8:30 EDT is widely anticipated by market participants as the Labor Department presents a fresh gauge of the most recent economic performance in its release of the labor report for the prior month. Today’s number was even more closely watched since recent data releases on the economy (such as the second quarter GDP…
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