Labor
February 07, 2025
U.S. Employment (January 2025)
There was a lot to digest in this report. But perhaps the biggest takeaway was that hiring momentum was even stronger than previously expected at the end of last year – averaging 204k jobs per-month in the fourth quarter. And even though the January figures showed some deceleration in payrolls, it was likely due to wildfires in California and cold weather across much of the U.S. – suggesting we could see some bounce back in February.
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.
