Industry Detail Suggests Lots of Room for Employment Growth

Friday’s employment report came in about in-line with expectations at +223K.  Analysts had expected +228K. The slightly weaker than expected jobs picture was probably the perfect report. Essentially, anything above 200K in job growth is good, and coming in slightly less than expected likely shifted out concerns of the Federal Reserve raising rates sooner rather than later. Employment Growth – Still a Growing Chorus of Concerned Analysts The decent jobs report did present some concerns. The concerns range from the more baseline risk that economic conditions completely stagnate to the much bigger concern of a complete deceleration (decelerating conditions are a…