Labor Market – Friday’s employment report came in at +271K, more than 100K above the 160K the market expected.
The +271K jump broke a 4-month deceleration in the U.S.jobs picture.
Labor Market – Full-time/Part-time Picture
The M/M jobs picture is often discussed by the top-line figure. This month it’s worth thinking about the full-time/part-time detail.
Amazingly, full-time employment growth came in at an incredible +540K. The prior month saw full-time job growth of +584K. Both figures are indicative of the American economy peaking, but that’s a discussion for another day.
Over the same two months, part time employment has declined by 447K and 269K respectively.
The strength in the American employment picture poses the...
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