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  • Three on Thursday - Some Cracks in Employment

 

In this week’s edition of “Three on Thursday,” we take a deeper look at the employment landscape in the United States. Every month, usually on the first Friday, the Bureau of Labor Statistics reports jobs data. These data come from two surveys of establishments and households. Much can be gleaned from both reports, and over time the employment components tend to track each other closely. But over the first half of the year, some cracks are starting to form in employment, weakness that we believe will lead to a further slowdown in hiring in the second half of the year. 

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Posted on Thursday, July 25, 2024 @ 1:08 PM
Posts are prepared by First Trust Advisors L. P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.