Daily Archives: Sep 7, 2018 at 10:20 am EST

Hiring At US Companies Rebounded In August

Private payrolls in the US increased by a seasonally adjusted 204,000 in August, marking a sharply stronger gain over the previous month’s revised 153,000 advance, the Labor Department reports. Meantime, the year-over-over trend held steady at a 1.9% pace for the sixth month in a row. Today’s numbers reaffirm that the labor market continues to expand at a healthy rate, a sign that the nine-year-old economic expansion is in no immediate danger and so further monetary policy tightening has a green light to continue.
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Macro Briefing: 7 September 2018

US payrolls expected to rebound in today’s Labor Dept report: MarketWatch
Global output slipped to five-month low in August: IHS Markit
ISM Non-Mfg Index for US reflects stronger growth in August: CNBC
US services sector growth eased to four-month low in August: IHS Markit
Jobless claims fell last week, near a 49-year low: Reuters
Job cuts in August rose to third highest this year: Challenger, Gray & Christmas
Productivity in US up at an unrevised 2.9% annualized rate in Q2: Reuters
US private employment growth eased to 10-month low in August: ADP