The BLS reported a U.S. employment figure of +204K this morning, with upward revisions of +60K for the three months prior. The market generally liked the figures, pushing the S&P 500 (INDEXSP:.INX) up about a percent in midday trading. The odds of a December Federal Reserve taper also increased, pushing the 10 year T-Note up about 10 basis points. The report was even more surprising given that the federal government was shut down for a couple weeks in the month. Employment figures represent acceleration in economy The surprising figures leads one to ask: are today’s employment figures representative of an accelerating…
Peak Employment?
Harrison Roger
Roger is an economic adviser and active angel investor. He owns various economics firms. His work allows him a diverse group of clients across the globe, including the United States, Europe, and Asia. He holds a Ph.D. in business economics.