Where Has Job Growth Come from Since 2009? From a bachelor’s degree (58 millions), some college (37 millions) and high school graduates (36 millions). Actually, this interesting chart shows the importance of education in finding a job. Picture Source: Bianco Research
105 Consecutive Months of Job Growth It is the 105th consecutive month of job growth. The U.S. unemployment rate rose to 3.7%, but is still at historically low levels. Even if there are signs that the U.S. job market is slowing, it is still strong for the time being. Picture source: Leonard Kiefer
Consumer Confidence Spread and U.S. Jobless Claims Interesting chart showing a good correlation between the consumer confidence spread and jobless claims. As a reminder, the consumer confidence vs. sentiment spread always peaks and then declines before a recession. See also “Conference Board Consumer Confidence Index vs. University of Michigan Consumer Sentiment Index.” Picture source: Pictet Asset…
US: Jobless Claims Lead the Unemployment Rate US initial claims for unemployment benefits indicate a decline in the unemployment rate by year-end. Oxford Economics forecasts an unemployment rate of 3.5% by December 2019. Picture source: Oxford Economics
U.S. Total Private Employment Another interesting chart showing that the U.S. job market is still strong for the time being, although it is slowing. The U.S. services jobs (blue lines) appear to be in fairly good shape. Picture source: Robin Brooks
