Oil-and-extraction jobs are just beginning to come under pressure More on the way as mining-and-logging job openings crater In Jan and Feb, energy job-cut announcements >36k Since crude oil peaked in the middle of last year, investor attention has been … Continued
Jan pickup in U.S. average hourly wages after Dec drop welcome relief Nevertheless, NFIB members’ comp plans tumble big time in January Loss of high-paying oil jobs will put downward pressure on wages One of the reasons January’s employment report … Continued
Growth rate of U.S. exports decelerating since 2Q14 At north of 13 percent, exports’ share of GDP remains very high Surging $ no good news for exports; some signs of fatigue, but buck’s momentum intact The advance estimate of real … Continued
November job openings in U.S. non-farm payroll at yet another high As of December, not much change in momentum in oil and extraction jobs Job openings in mining and logging peaked in July and is sideways/down since Job openings enable … Continued
Inability of offensives to take the lead has been a thorn in the side of rally since Oct 15th low Outperformance last week of XLY vs. XLP and HYG vs. LQD sign of trend change? Duel on between seasonally favorable … Continued
Healthy U.S. non-farm employment versus ultra-low civilian labor force participation rate: Notwithstanding September weakening, job openings has tracked job creation very well: Despite improvement in job creation, wage growth continues to be a dud: Belt-tightening continues in federal payroll — … Continued