Article source: CMDGroup
It’s not rocket science. There are a few key benchmarks to be aware of concerning U.S. and Canadian labor markets.
For the U.S. economy, a net jobs gain of 170,000 in any given month will be viewed as acceptable by most economists, analysts and pundits.
If the figure climbs to 200,000 or higher, their mood will elevate into a range from happy to ecstatic.
Below 170,000, doubts creep in. That’s why the Department of Labor’s September number of +143,000, combined with a downward revision of August’s level to +136,000, was met with such alarm, at first.
Stock markets reacted negatively to the news. But then another train of thought took over.