Change in Nonfarm Payrolls

Nonfarm payrolls give an overview of the overall employment outlook of the US economy; nonfarm payrolls do not include those employed in agriculture because of the seasonal nature of their work. This report obtains these numbers from 142,000 businesses and government agencies to track the new jobs added in non-farming sectors of the economy. In October, the unemployment rate is …

Change in Nonfarm Payrolls

Nonfarm payrolls give an overview of the overall employment outlook of the US economy; nonfarm payrolls do not include those employed in agriculture because of the seasonal nature of their work. This report obtains these numbers from 142,000 businesses and government agencies to track the new jobs added in non-farming sectors of the economy. The unemployment rate is at 3.5%, …

ISM Non-Manufacturing Index

The ISM Non-Manufacturing Index helps determine the overall economic strength of the services sector.  Components evaluated are employment, business activity, new orders, and supplier deliveries; which are then compiled into an index.  The nonmanufacturing sector represents a much larger share of the overall U.S. economy when compared to the manufacturing sector, making up approximately 80%; the sector’s economic weight makes …

Federal Reserve

Yesterday the Federal Reserve gave us an idea of what they were thinking for 2019.  The market does not like it and is showing it with its actions.  It is my opinion, that both the market and the Federal Reserve are wrong. Let me explain. The Federal Reserve has a dual mandate; full employment and price stability.  As the chart …

Pay Increases in Other Forms

A key measure many economists look to in determining the health of the labor market is wage growth.  As employment rises and the job market becomes more competitive, people look for higher paying jobs and an increase in wages.  What many people fail to recognize in terms of wage growth are the pay increases they receive that do not come …

The Middle Class is Growing

As the political season has begun and the debates are heating up, we have heard more and more about the mystery of a vanishing ‘Middle Class’. Though we have yet to hear who or what is defined as the ‘Middle Class’, we have been sufficiently reassured that it is both incredibly important and that the state of our economy rests …