US employers added 148,000 workers according to the latest jobs report, a fair amount less than the median forecast of 180,000 (from Bloomberg's economist...

Jay Soloff

US employers added 148,000 workers according to the latest jobs report, a fair amount less than the median forecast of 180,000 (from Bloomberg's economist survey). Moreover, private payrolls came in at just 126,000 - the second lowest month in 2013. Is this a sign the economy is slowing, or is it just noise? The long-term employment trend remains stable at right around 2% growth per year. As long as that number stays steady (or grows), then I don't see reason for concern. Regardless, given this data point and the government shutdown, there's virtually no way the Fed will be tapering in 2013. Keep in mind, the employment picture could be murky over the next month or two because of distortions from the government shutdown.


About this contributor

Jay Soloff

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...

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economy usa jobs report

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