Jobs Data: Resilience Amid Rate Cuts and Sector Shifts
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Jobs Data: Resilience Amid Rate Cuts and Sector Shifts
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About this listen
In this episode, Morgan Riley breaks down the latest employment trends with the next major Bureau of Labor Statistics jobs report scheduled for Friday, January 16 (8:30 AM ET), which will reveal December's figures. The previous report showed better-than-expected growth with 227,000 nonfarm payroll jobs added while unemployment held steady at 4.2%.
Morgan examines how the current labor market compares to post-2008 recession recovery patterns, highlighting strong hiring in healthcare and leisure sectors contrasted with manufacturing declines. With Federal Reserve rate cuts in discussion, these indicators take on special significance. Wage growth has reached 4% annually, outpacing inflation and boosting consumer spending power.
For additional employment insights, tune in for the November Job Openings and Labor Turnover Survey data release on January 7 (10 AM), which will provide crucial vacancy
This content was created in partnership and with the help of Artificial Intelligence AI
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