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Qingdao International Nonferrous Metals Trading Center, phone QQ: recruiting members, agents, account opening, investment, high rebate Qingdao International Platform Information Employment growth is moderate
So far this year, the pace of recruitment has been consistent and uneven: the average number of employed people in the first quarter has increased by . , slowed down to 0.000 in the second quarter, and rebounded to 0.000 in the third quarter. In the first nine months of this year, an average of 10,000 new jobs were created each month. Economists expect May to be around that level. Although employment has increased steadily, it is still slower than the strong growth of the previous two years.
The unemployment rate is almost at a standstill
In the past year, the unemployment rate has hovered at or below %, and it is gratifying that the labor force participation rate has increased. Economists believe the unemployment rate will fall in March but remain within recent ranges. In addition, we also need to pay attention to the labor force participation rate, which was .% in March, an increase of .% from a year ago. However, it may not rise indefinitely in the face of rising population resistance.
Small wage growth
The tightening labor market appears to be causing wage growth to gain momentum. Average hourly earnings for private sector workers rose .% in January from the previous month and .% from the same period a year ago, which is higher than the .% annual rate seen during much of the recovery. Economists expect hourly wages to increase by .% on a monthly basis. I hope and expect that we will see a further pickup in wage growth and that it will be broadly beneficial to American households, Fed Chair Janet Yellen said last month. On a larger scale, job growth increases the Federal Reserve's confidence in raising interest rates this month.
The pain lingers
Low unemployment and continued job growth do not reflect the entire face of the U.S. job market. Since the end of the recession, the pain has still lingered: As of January, up to 10,000 Americans were unemployed, 10,000 of whom had been unemployed for more than a month, and another 10,000 were forced to work part-time because they could not find full-time positions. A measure of the broader unemployment rate, it has stayed at .% for the third consecutive month. Progress on these fronts during the month would be welcome news.
Eye of the Hurricane
One of the potential uncertainties in Friday's report: Hurricane Matthew, the storm raging across the Southeast in March, could affect the number of jobs used to generate monthly estimates of unemployment and employment. of household and institutional surveys. Morgan Stanley(r) economists predict that hurricane-related flooding and evacuations will result in 10,000 monthly job losses.
Regarding the non-farm payrolls report, most of the market's attention is focused on two headline data: the number of new jobs and the unemployment rate. However, former Pacific Investment Management Company CEO Elian (h.r) wrote on Thursday that these two are not the best indicators of the current situation and prospects of the labor market.
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