Friday, July 7, 2017

Jobs Gains Beat Expectation But Disturbing Long-Term Trends Remain #Labor

News
Copy, paste, and repeat. Job gains beat expectations but long-term trends displaying a disturbing shift from good-producing to service-producing jobs remains undisturbed. Only fooling listening to easy words of politicians thinks this trend is turning around anytime soon. Smart money also recognizes increasing layoffs within retail (service producing jobs) as a big deflationary driver during the next economic contraction. Few investors are listening to the Economic Activity Composite


Chart


Headline: June U.S. jobs report beats expectations

Nonfarm payrolls increased by 235,000 in February and the unemployment rate was 4.7 percent in the first full month of President Donald Trump's term, the Bureau of Labor Statistics reported Friday.

Average hourly earnings increased by a healthy 2.8 percent on an annualized basis.


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