CLIENT LOGIN
-
-
CIO INSIGHTS
-
BACK TO CIO INSIGHTS
BACK TO ARTICLES & INSIGHTS HOME
-
-
-
-
Investment Insights are written by Angeles' CIO Michael Rosen
Michael has more than 30 years experience as an institutional portfolio manager, investment strategist, trader and academic.
LABOR MARKET
Published: 12-05-2014Oh, this was a strong report this morning, on every level:
- 321,000 net new jobs in November.
- 10 consecutive months of +200,000 payroll gains (228,000 on average over the past year).
- Labor force expanded 119,000, and the labor participation rate held steady at 62.8%, its average of the past 8 months, so perhaps it is leveling off.
- Median number of weeks of unemployment fell to a recovery-low of 12.8.
- Quitters rose to 9.1% of those unemployed, signaling rising confidence in being able to find another job (this is one of Janet Yellen’s favorite stats).
- Average hourly wages rose 0.4% and total hours worked rose 0.6%, so cash earnings were up 1% in November, the most for any month since 2006.
In stark contrast to the rest of the world, the US economy is not only strong, but may be getting stronger! Good for USD-based assets, and we expect the Fed to begin raising rates in 2Q next year.
PRINT THIS ARTICLE-
Shipping 01-02-2015
First, happy new year to all!I walked into the office this morning to a crystal clear view of the Pacific. What a ...
READ MORE -
Don't Blame Nature 05-22-2015
Commodity prices rise and fall; no great insight there. Which is why most of us, mostly, take the fluctuations in ...
READ MORE -
Consensus 01-28-2015
Europe is a mess, everyone agrees: poor demographics, sclerotic and oppressive regulation, political dysfunction. ...
READ MORE
-
-
CONNECT WITH USSUBSCRIBE TO ANGELES' INSIGHTS
Get the latest investment information and stay on top of market trends.
-
CONTACT US
SANTA MONICA
429 SANTA MONICA BLVD
SUITE 650
SANTA MONICA, CA 90401
310.393.6300
GET DIRECTIONS -
NEW YORK
375 PARK AVENUE
SUITE 2209
NEW YORK, NY 10152
212.451.9240
GET DIRECTIONS
