Hiring Insights


February 15, 2017 | Author: Josh Wright, Chief Economist

Fed Chair Janet Yellen gave financial markets a nudge during her testimony before Congress over the last two days. With the U.S. economy more or less at full employment, the Fed is preparing to follow through with further rate hikes, which are... Read more

February 3, 2017 | Author: Josh Wright, Chief Economist

The January jobs report gives the Federal Reserve a touch of breathing room as it plans its pace of rate hikes for this year. This was another month when the headline numbers were overshadowed by what typically are secondary indicators. Read more

January 6, 2017 | Author: Josh Wright, Chief Economist

You can forget about the mild disappointment in the headline. The details of the December jobs report were highly encouraging, suggesting the labor market is at last behaving more like it did in the pre-crisis era. There were various signs of... Read more

December 2, 2016 | Author: Josh Wright, Chief Economist

While some the details were surprising – the large drop in the unemployment rate, the soft wage figures – the message of the November employment report was a reassuring one: job growth remains strong and the Fed can proceed with another rate hike,... Read more

November 4, 2016 | Author: Josh Wright

The October jobs report featured a slight downside surprise in the headline and a few soft details, but overall it was more than strong enough to support the Fed proceeding with its expected rate hike in December. Notably, wage growth picked up,... Read more

October 7, 2016 | Author: Josh Wright

The September jobs report was another occasion for the U.S. labor market to demonstrate its remarkable consistency. With 156,000 jobs created and only 7,000 in downward revisions to the prior two months, this was the 72nd consecutive month of... Read more

September 2, 2016 | Author: Josh Wright

The August jobs report was a mild disappointment relative to economists’ forecasts but an upside surprise for anyone looking to get an early start on their Labor Day weekend. Read more

August 5, 2016 | Author: Josh Wright

The upside surprise in the July jobs numbers lays to rest any lingering concerns about pre-Brexit momentum in the U.S. labor market. Whatever the headwinds and uncertainties from abroad, the U.S. labor market’s basic resilience appears intact.... Read more

July 8, 2016 | Author: Josh Wright

The strong rebound in job growth shows that pre-Brexit momentum was strong in the U.S. labor market, putting the possibility of a rate hike by the Federal Reserve later this year back on the table. June was strong across the board just as much as... Read more


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