Change paragraph in the Job Report 2020 in a few clicks

Aug 6th, 2022
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How to change paragraph in the Job Report 2020

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all right well the US added 303,000 jobs in the month of March well that was well above the Streets expectations now City saying in a recent note that they expected the job market to weaken with just 150,000 jobs added in March leading to 125 basis points of cuts this year almost double what the market is currently pricing in so where do things stand following this higher than expected uh jobs print that we got out this morning we want to bring in one of the economists behind that call you have Andrew Hollen horse hes a city a chief us Economist Andrew its great to see you here so first just your reaction to the print that we got out this morning and whether or not that changes your base case for the fed and the degree of the cuts that you are expecting this year yeah this was a much stronger than expected jobs report like you said stronger than our forecast stronger than consensus forecast I dont know that it changes that much for the FED at the end of the day um or that we should

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The problem of overstated jobs numbers is not a new one. In August 2023, the BLS issued a preliminary revision for the 12 months through March 2023 showing U.S. job growth for that period was overstated by a net 306,000 jobs. Thats 25,500 fewer jobs on average per month in that period.
The forthcoming jobs report from the U.S. Bureau of Labor Statistics will provide further clarity for mortgage rate trends. My primary data line for rates is jobless claims; if jobless claims rise faster, mortgage rates will go lower, regardless of what the Fed does, Mohtashami said.
US Nonfarm Payrolls MoM is at a current level of 303.00K, up from 270.00K last month and up from 146.00K one year ago. This is a change of 12.22% from last month and 107.5% from one year ago. US Nonfarm Payrolls MoM Monthly Analysis - YCharts ycharts.com indicators usnonfarmpayrolls ycharts.com indicators usnonfarmpayrolls
If job growth is strong and the labor market is so robust that wages rise quickly, that could keep price increases higher for longer as companies try to cover their costs. On the other hand, if the job market begins to slow sharply, that could nudge Fed officials toward earlier interest rate cuts.
The recession induced by the coronavirus disease 2019 (COVID-19) pandemic resulted in steep job losses, pushed the unemployment rate to a high of 13.0 percent in the second quarter of 2020, and caused many people to leave the labor force. U.S. labor market shows improvement in 2021, but the COVID-19 bls.gov opub mlr article us-labor-ma bls.gov opub mlr article us-labor-ma
The unemployment rate, reported monthly by the U.S. Bureau of Labor Statistics, provides docHub insight into the health of the nations economy. Generally, the lower the unemployment rate, the stronger the economy is likely to be. The unemployment rate is also one of the mostly closely followed indicators.
Published by the Bureau of Labor Statistics (BLS) at 8:30 am ET on the first Friday of each month, the jobs report, aka the Employment Situation Summary, is an estimate of: The total number of workers in the U.S. (minus farm jobs) Their average hourly earnings. The number of hours worked weekly. What Is the Monthly Jobs Report? | Britannica Money britannica.com money what-is-the-mont britannica.com money what-is-the-mont
The unemployment rate peaked at an unprecedented level, not seen since data collection started in 1948, in April 2020 (14.8%) before declining to a still- elevated level in February 2021 (6.2%) relative to February 2020 (3.5%). Unemployment Rates During the COVID-19 Pandemic: In Brief congress.gov product pdf congress.gov product pdf

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