Waiting to See if the Jobs Report Measures Up
Posted by Florida Realty Marketplace on
The Bureau of Labor Statistics (BLS) will release the first employment summary of 2016 on Friday, February 5 (technically, it’s the second employment summary released this year, but the first one that covers part of 2016 since the last one covered December). Employment growth for October through December was solid, averaging job gains of 284,000 per month for the three months.
The recent job growth was the final piece of the economic puzzle the Fed needed in order to raise the short-term interest rates in December. In early January, the BLS reported that 292,000 jobs were added in December 2015.
“The bright spot in recent economic reports has been the labor market,” Freddie Mac stated in its January 2016 Insights & Outlook report released on Friday.…
5270 Views, 0 Comments