Job growth in the U.S. steadied in August

By Prasun Bose

Job growth in the United States steadied in the month of August following two months of strong gains.

That is the projected outcome of the upcoming employment report from the Labor Department, which is expected to show an increase of 180,000 in nonfarm payrolls.

The average monthly employment gains so far in 2017 stands at 184,000, with the figure hitting 200,000 in both June and July - though wage growth continues to be sluggish across the country. 

See also: 

“The job market is in very good shape, but wage growth is very disappointing and that’s likely to continue for over the next several months,” said Ryan Sweet, senior economist at Moody’s Analytics, told Reuters.

The growth is jobs is expected to allow the Federal Reserve the leeway to start trimming its portfolio of Treasury bonds and mortgage-backed securities, which is estimated at $4.2tn.

Sweet added: “Whether or not the Fed moves in December will be contingent on inflation.”


Featured Articles

Amelia DeLuca, CSO at Delta Air Lines on Female Leadership

Driving decarbonisation at Delta Air Lines, Chief Sustainability Officer Amelia DeLuca discusses the rise of the CSO and value of more women in leadership

Liz Elting – Driving Equality & Building Billion-$ Business

Founder and CEO Liz Elting Turned Her Passion into Purpose and Created a Billion-Dollar Business While Fighting for Workplace Equality – and Winning

JPMorgan Chase: Committed to supporting the next generation

JPMorgan has unveiled a host of new and expanded philanthropic activities totalling US$3.5 million to support the development of apprenticeship programmes

How efficient digital ecosystems became business critical

Technology & AI

Mastercard: Supporting clients at a time of rapid evolution

Digital Strategy

Why Ceridian has boldly rebranded to Dayforce

Human Capital