Well above the consensus of 90k tempered by the GM Strike.
Prior revised to 180k from 136. U6 up a tic to 3.6 and Participation also up a tic to 63.3.
A pretty good report.
Assuming some of the focus is off the fed, this should bode well for equities.
Coming up, ISM and Construction Spending.
Thanks for the good news Tim!
at least it is positive. but not huge.
in the old days (1960's,1970's) an expansion would see growth of 400k per month (and that was when we had a smaller population).
today we get growth of 128k, and the officials say it is a good number.
again,... at least it is positive. i think it would be smaller if we did not get the tax cuts.
It a tight labor market like this one, it would be unusual to see job increases of 400+k. More telling of the strength are metrics like job openings and voluntary quits.
That being said, there has been an overall softening from the growth we were seeing 12 months ago on many fronts. Consumer spending has remained very strong.