Are you better off now than you were a year ago? According to the Federal Reserve Bank of New York’s (FRBNY) Survey of Consumer Expectations (SCE), more than 41 percent of U.S. households say they are financially worse off than a year ago in September, up from 40 percent in August. By comparison, just 18 […]
Archives for October 2023
Government employment, part-time jobs growth highlight new concerning trend in September NFP report
The U.S. economy added an astounding 336,000 new jobs in September, more double what the market estimated. Unemployment was unchanged at 3.8 percent, average hourly earnings dipped to 4.2 percent, and the labor force participation rate was flat at 62.8 percent. The two most notable trends in the report? Government employment and part-time jobs growth. […]