Jobless Expansion Trend in the US Hits New Lows

So far the recovery in output, income and employment following the 2008/09 recession has been the weakest on record with only industrial activity appearing to buck the trend.  Most remarkable, however, is the steady decline in post-recession expansions of employment...

US Labour Market Fundamentals Still Poor

Cyclically, our indicators suggest cautiousness on the recent improvement in the US labour market.  Seasonal factors have likely added a considerably to non-farm payroll numbers due to a mild winter, and this effect will be absent in the coming months’ readings....