Wed, 19 Nov 2014
Third Quarter Hiccup
Job growth hasn't even been close to the rate needed to hit the Fed's target for unemployment below 8%, says Morningstar's Vishnu Lekraj.
Data and results this week helped us size up our hopes for better days ahead in the EU, consumer spending, the housing market , and more.
Despite month to month volatility, the employment growth trend has been very steady (if uninspiring).
After more than six years, the employment market has finally regained all the jobs lost from the 2008 downturn, but not every sector has participated, says Morningstar's Bob Johnson .
We examine the possibility for higher normalized joblessness, the concerns over long -term unemployment , changes in job-sector composition, and what can possibly catalyze job growth .
Friday's employment report will likely bring another good , but not great, headline number; however, workers should finally see some wage growth, says Morningstar's Bob Johnson .
Last month's employment numbers showed a continued, steady improvement, but they weren't so strong that the Fed will feel forced to taper its easing programs, says Morningstar's Bob Johnson .
Morningstar director of economic analysis Bob Johnson addresses recent sluggishness in the economy and makes the case for better growth in the second half of the year.
The suddenly positive economic news was a bit of a shocker for investors this week.
At least a portion of last month's high job growth may be due to overly aggressive seasonal factors.
In years past, job growth has looked remarkably strong in late winter and early spring, only to fall apart over the summer months.
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