Update Economic USA Employment

Job creation is an important factor in determining growth in the economy and current employment gains and unemployment rates are well within our forecast. The most recent ADP report shows a nice gain of 158,000. This number reflects the companies serviced by ADP. A broader measure is provided by the Bureau of Labor Statistics (BLS) and that number is also favorable showing a gain of 222,000. Levels above a 200,000 gain on the BLS number are considered expansionary.

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Posted by Steve Albrecht