US Jobs Pickup May Keep Fed on Track to Hike Rates Again

edelbitter

https://archive.is/FKTT5

zahlman

Interesting (pun intended) to me that apparently everyone wants to talk about the rate speculation, rather than about the finding that jobs are picking up in spite of AI .

noahbp

And yet the average number of weeks spent unemployed is going up: https://fred.stlouisfed.org/series/UEMPMEAN The unemployment rate today is divorced from the reality of how hard it actually is to get a job. Before 2009, †he average unemployed person spent less time unemployed before their next job at a 10% unemployment rate, than the average unemployed person today at 4.2% unemployment. https://www.niskanencenter.org/the-bridge-for-workers-act-ge...

readthenotes1

The initial report is not worth responding to since the error rate is so high, +/- 122,000. What you're reading in this Bloomberg report is an expectation of an employment gain of -57,000 to +187,000. https://www.bls.gov/news.release/empsit.tn.htm

RickJWagner

The US has had robust economic stats lately, too. A rate hike seems like a strong possibility. The specter of higher inflation looms.