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Jobs
Jobless claims are still pointing to US expansion
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Service sector job growth peaked almost two years ago
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Since job gains peak mid-cycle, don’t expect the jobs report to throw the Fed off course
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Chart of the day: Real average hourly earnings
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The US has not reached full employment yet
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The biggest jobs report takeaway is the growth in non-farm payrolls
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Weak jobs report puts a dampener on the Fed’s increasingly hawkish policy stance
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Jobless claims up to 242,000, expectations are still for 4.0% unemployment
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Links: 2018-04-04
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The three things to look for in these Fed projections
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