A second straight month of strong U.S. job growth is "further evidence that February’s paltry 56,000 increase in jobs was an aberration."
The overall financial impact of the Tax Cuts and Jobs Act is difficult to calculate and may be viewed differently by optimists and skeptics.
The October jobs report is "another reminder of the labor market’s persistent strength even as the stock market has swerved down in recent weeks."
U.S. job growth in June easily beat economists' expectations despite signs the economy is at or near full employment.
“We were able to create enough new jobs to accommodate new seekers and keep the unemployment rate steady," an economist says of the strong jobs report.
U.S. finance chiefs see earnings growth in 2018, but they also expect higher wage and benefits costs.
The U.S. labor market added 261,000 jobs in October but "The big question is whether continued growth will translate into higher wages or not.”
However, its projection for economic growth in the United States this year remains modest, at 2.2%.
But unemployment remains just shy of a 16-year low and economists believe last month's job numbers may only be a temporary blip.
For the first time in two years, more than half of private employers expect to add employees over the next year: PwC report.
Another month of robust employment growth suggests "the U.S. economy is still growing at a strong pace."
Employers added 138,000 jobs in May, well below expectations but "not enough to derail the Fed at all."
