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Jobs Report Misses Estimates, But May Set Up A Brighter Big Picture
Saturday, January 7, 2017 - 11:17am | 544Non-farm payrolls grew by 156,000 jobs in December, a number that missed expectations but was counterbalanced by the highest gain in average hourly earnings since 2009. Headline unemployment edged higher to 4.7 percent, according to a report Friday from the Bureau of Labor Statistics, in-line with...
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Jobs Growth In 2016: How Did We Do?
Friday, January 6, 2017 - 1:28pm | 721With December figures now in, the Bureau of Labor Statistics recorded its 75 consecutive month of employment gains — the longest streak since 1939. Still, the rate of non-farm job creation slowed for the final month of 2016, with about 156,000 jobs added in December compared to a November sum...
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Job Market Alive And Kicking: Jobless Rate Slips To 9-Year Low Amid Robust Payroll Gains
Friday, December 2, 2016 - 10:35am | 355Testifying to the strength of the jobs market, the Labor Department released a report on Friday showing strong job gains and a slip back in the jobless rate to a nine-year low. The Fed now has its task cut out for it as it prepares to meet next week to discuss its monetary policy stance. Robust...
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A Preview Of Friday's Jobs Data
Thursday, December 1, 2016 - 2:14pm | 480The customary Friday jobs report is close. The typical nervous anticipation ahead of the data is slowly giving way to a complacency, given the consistent robustness revealed by the data in the expansionary phase of the current economic cycle. The report due to be released by the Labor Department...
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El-Erian: Jobs Number Creates 'Tricky Situation' For Fed
Friday, September 2, 2016 - 11:44am | 385The U.S. created 151,000 jobs in August, short of the 180,000 economists were predicting. The latest disappointing jobs number comes after two straight months of strong gains. That number complicates things for the Federal Reserve ahead of its September meeting, Allianz Chief Economic Adviser...