Research Brief: Employment – August 2016

Exceptional payroll growth in July and upward revisions to job gains in the preceding two months underline the persistent strength of the U.S. economy, which is now in its seventh year of expansion.  Secondary indicators of labor market activity, including unemployment claims, the unemployment rate and wage growth, reinforce the strengthening trend and diminish some of the negative mixed signals in other economic data points.  The combination of positive labor market trends will support additional spending by U.S. households in the coming months and maintain a modest pace of economic growth.

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