Labor Market Recap September 2024: Good News
Make no mistake: this is good news. The Fed has made a commitment to not allowing the labor market to deteriorate further, and we’d rather not see that commitment tested.
Jobs Day
38 postsLabor Market Recap August 2024: Enough Weakness for 50 bps in September
Even though today’s report gave back some of the weakness in the July household survey, the reversion was slight. The August report meets the conditions we laid out yesterday for a 50 bps cut in September to play catch-up.
What Should Be At Stake On Jobs Day: Sufficient Conditions For Frontloading Interest Rate Cuts
We see two individually sufficient conditions for the Fed to proceed with a frontloaded interest rate cut in September above 25 basis points: either (1) the unemployment rate...
