Breitbart Business Digest: Jobs Numbers Still High Enough for Fed to Hike
Today’s jobs report data is likely enough to lock-in a Fed rate hike.
Today’s jobs report data is likely enough to lock-in a Fed rate hike.
The payrolls numbers on Friday add evidence to our thesis that the economy reaccelerated in April after slowing in the prior two months.
A Hollywood payroll firm responsible for sending out paychecks to film and TV production crews has been affected by the sudden collapse of Silicon Valley Bank, resulting in delays in payments.
The private sector added just 67,000 jobs in November, the fewest since May and well below expectations, ADP said.
American companies added far more jobs in August than economists expected, according to the latest ADP/Moody’s estimate.
It was a very good month for jobs.
“Tariffs have yet to materially impact jobs,” the chief economist of Moody’s Analytics said.
Over the past year, America’s private sector has added an average of 190,000 new jobs. That blistering pace of hiring is nearly double the rate of growth of the workforce, pushing unemployment down and then down some more.