Thu, 19 May 2016
Clients will go to great lengths to rationalize a past decision, even when a better solution is needed.
Following a solid December employment report , average monthly job growth in 2013 could accelerate, but not by much, say Morningstar's Bob Johnson and Vishnu Lekraj.
A better-than-expected April report and two consecutive months of mediocre ADP payroll data could make for an underwhelming government employment report on Friday.
The coming year could bring some unexpected news from the Fed, on the home front, in the job market, and more, says Morningstar's Bob Johnson.
We're expecting about 200,000 new private-sector jobs in January, but keep an eye on retail, finance, and government hiring.
The raw data suggest that February job gains should be worse, not better, than the consensus of 143,000, says Morningstar's Bob Johnson.
The short-term factors that led to a disappointing December jobs number likely did not entirely reverse themselves in January, says Morningstar's Bob Johnson.
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.
Although they may not boost Friday's labor report for June, health care and construction should be tailwinds for the job market in the months ahead.
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