Macro Strategy Insights

Back-to-Back Dingers!

Another home run of a jobs report! Is it possible that NFP has hit more back-to-back home runs this year than the Mets and Red Sox have? Last month’s jobs report seemed incredibly high at 178k. It was revised higher! This month’s headline number came in at 115k, but importantly private payrolls (not government) came in at 123k. With many economists arguing that around 50K is sufficient to maintain the unemployment rate, this is a stellar report. Hours worked ticked higher, also a good result. I liked that the JOLTS HIRE rate jumped from 3.1 to 3.5, which is the ... Back-to-Back Dingers!

To access this report, please login.
If you don’t have an account, please reach out to your relationship manager or contact us at content@academysecurities.com