The October jobs report in the US shows moderately positive gains in the labor market
Jay Soloff
Argonath Financial
The October jobs report in the US shows moderately positive gains in the labor market. The 214,000 jobs added last month came in lower than the median forecast of 235,000, but marks the ninth straight month job gains have come in higher than 200,000. That hasn't happened since 1994-1995. The unemployment rate dropped to 5.8%, closing in on the Fed's full employment target of 5.2%-5.5%. However, the unemployment percentage is taking on less importance as the Fed will focus more on wage gains moving forward. Speaking of wages, average hourly earnings rose 0.1% in October and 2% year-over-year. The Fed is going to need to see stronger growth than that before an interest rate hike becomes a reality. However, any wage growth at this point must be viewed as a positive. (VIEW LINK)
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I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market maker on the floor of the CBOE, as a consultant on Wall Street, and as a senior analyst at a multi-strategy hedge fund. You can visit my website at www.argonathfinancial.com.
Jay Soloff
Research Analyst
Argonath Financial
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise
Jay Soloff
Research Analyst
Argonath Financial
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise
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