Some thoughts on the February jobs data

The US employment situation summary for February showed an improving labor market with 236,000 jobs created and unemployment down to 7.7%. These numbers are indicative of an improving labor market and reflect the likelihood that the US will continue its economic expansion.
A lot of ink has been spilled on these numbers, so I don't want to repeat what has already been said. Expect me to put a number of posts into the links on the numbers. Last month I showed you a chart which indicated that employment was increasing at a slowing pace, indicating that we were in the midst of a mid-cycle slowdown or a decline into a cyclical trough.

In past economic cycles, when we see the year-on-year change in the number of employed persons fall at such a rapid pace, it does not always mean recession....


As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.

Click here to join. Your readership is greatly appreciated!

Registered users can log in by entering details here or below.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More