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Aug 6th, 2022
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How to Black out period in the Job Report 2020

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Rosenberg does this adjust a fixed income view of BlackRock yeah you have to understand this is a big pushback to the to the slowing and its a reminder of what Powell tried to say to the market though the market wasnt listening that their main concern is theyre not yet seeing uh the impact of their tightening in the labor markets and so this is a very clear message and a a really kind of important warning that perhaps the interest rate sensitivity put housing to the side put the interest rate sensitivity of the economy to the feds tightening to date yes there are long and variable lags but we havent really seen that degree of tightening and when you take the financial conditions easing the combined is perhaps what were seeing here is the inability of the FED to really get to its goal which is to rein in the inflation pressures from a market Powell said it again on Wednesday its still a labor market that is too hot given that we are not seeing wages Jeff increase to the degree th

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Unemployment rate remained at the series low of 3.9%. The unadjusted rate was down 0.5 point from the year earlier to 3.8%. California edged up to the 12th highest unemployment rate among the states. Total US employment saw a seasonally adjusted dip of 89,000, with the number of unemployed up by 139,000.
Total nonfarm payroll employment fell by 20.5 million in April 2020, after declining by 881,000 in March. The April over-the-month decline is the largest in the history of these data and brought employment to its lowest level since early 2011. (These BLS employment data start in 1939).
Nonfarm payroll employment rose by 517,000 in January 2023.
For people without disabilities (ages 16-64), the labor force participation rate also increased slightly from 76.8 percent in January 2023 to 77.3 percent in February 2023 (up 0.7 percent or 0.5 percentage points).
* The Employment Situation report is typically released on the third Friday after the conclusion of the reference week, i.e., the week which includes the 12th of the month.
The monthly jobs report from the U.S. Department of Labor provides a useful snapshot of how many jobs the economy created the previous month, how many people were unemployed, and what kind of wage hikes workers received.
Among the race groups, jobless rates were higher than the national rate for American Indians and Alaska Natives (11.7 percent), people categorized as being of Two or More Races (11.6 percent), and Blacks or African Americans (11.4 percent).
February jobs report: jobs surprise to the upside, but wage growth remains low. Payroll employment increased by 311,000 in February, which is more than many market observers expected but less than the shocking rise in employment in January.

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