Weak Payrolls Trend Highlights Emerging Risk For The Economy
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James Picerno6.87K FollowersFollow5ShareSavePlay(4min)Comment(1)SummaryThe delayed payrolls reports finally arrived, but the news is mixed, at best.The economy lost 105,000 jobs in October, primarily due to cuts in government spending directed by the Department of Government Efficiency.Unemployment is still low by historical standards, but the jobless rate continues to push higher, suggesting that layoffs will continue to rise. Fauzi Muda/iStock via Getty Images The delayed payrolls reports finally arrived, but the news is mixed, at best.
The Labor Department said that sharp swings in hiring unfolded in October and November. Looking through the monthly volatility suggests that hiringThis article was written byJames Picerno6.87K FollowersFollowJames Picerno is the director of analytics at The Milwaukee Co., a wealth manager that is the adviser to The Brinsmere Funds, a pair of global asset allocation ETFs. He also edits CapitalSpectator.com and The US Business Cycle Research Report (CapitalSpectator.com/premium-research). He is the author of three books, including "Quantitative Investment Portfolio Analytics In R: An Introduction To R For Modeling Portfolio Risk and Return." Previously he was a financial journalist at Bloomberg and before that at Dow Jones.