Update Economic USA Employment

Employment continues to do well in the U.S. with the addition of 235,000 in nonfarm payrolls. This is better than the previous month in all categories except Midsized businesses. Increases in the small business category is especially important because this is the category where most new jobs are created. Most jobs in larger enterprises are replacement positions, but even in this category the additions were 62,000 greater than previous. Inflation in wages may start to appear in greater earnest in the next 6 months, but for now it is subdued at 2.4% annually. The unemployment rate remains extremely low at 4.1% with 5.27 million new hirings.

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Posted by Steven Albrecht