Labor
June 05, 2026
U.S. Employment (May 2026)
Nonfarm payrolls rose by 172k in May, largely meeting April's gain of 179k and well ahead of the consensus forecast calling for a smaller print of 85k. Revisions to the two prior months were meaningfully higher, adding a total of 93k from the previously reported figures, with both March (+185k from +214k) and April (+115k from +179k) revised higher.
June 02, 2026
A Somber Equilibrium: Why a Slower U.S. Labor Market Isn’t Forcing the Fed’s Hand
The U.S. labor market has settled into a low-hire, low-fire equilibrium, where weak hiring activity is offset by limited layoffs. This has kept the unemployment rate in a tight range of 4.3%-4.5% since mid-2025.
October 02, 2024
U.S. Dockworker Strike (October 2024)
Thousands of dockworkers at several East and Gulf coast ports are on strike. Combined with other disruptions – i.e., Hurricane Helene and striking Boeing workers on the Pacific Northwest – these one-off events are poised to take some wind out of the economy's sails in the fourth quarter.
September 13, 2024
U.S. 2024 Election: Economic and Financial Implications
Elections matter for the economy, but financial markets are likely to be particularly attuned to the current election cycle given America’s unsustainable fiscal trajectory. The make-up of Congress will determine how much of the future President’s agenda can be implemented. A divided Congress will likely force the next President to make significant concessions relative to their current platform proposals.
