ANALYSIS, COMMENTS, THOUGHTS, AND OTHER OBSERVATIONS IN DR. SKOSPLES' NATIONAL INCOME AND BUSINESS CYCLES COURSE AT OHIO WESLEYAN UNIVERSITY
Sunday, September 29, 2019
How solid is the US jobs market?
As September is rolling to an end, the US Bureau of Labor Statistics will be releasing their report on how the jobs market fared during this past month. Investors and policy makers will find this much anticipated data very useful when predicting on wether or not the the economy remains in good or if its starting to take a turn for the worst due to the trade war. In August, jobs growth slowed to its weakest level in three months. Non-Farm payrolls rose by 130,000, way below the expected target of 158,000. The report will becoming out on Friday so I'm curious to see what the data tells us.
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Yes job growth slowed but we are in an eleven year expansion and the U.S. labor market continues to grow.
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