You can find reports from our Investment and Research team, timely and informative financial planning topics from our Wealth Management team, and deeper dives on various important topics in our white papers from any team member. Read online, share with friends, or download for your convenience.

Survey Data Pointing Towards a Weakening Employment Environment

Survey Data Pointing Towards a Weakening Employment Environment Chart

Highlighted by record low unemployment and the recent return of modest wage growth, the U.S. employment environment has been a strong point for the domestic economy throughout the current economic expansion. However, as indicated by the gold line in the chart above, the rate of job growth has been slowing for most of 2019. Slowing job growth 10 years into an economic expansion makes sense, given that there is minimal slack left in the jobs market. Nonetheless, slowing job growth is a concern as any hit to the American consumer could threaten an already shaky economic growth picture. Survey data (black line) confirms that business managers are experiencing increasing difficulty with finding qualified labor as well as having to forgo new hiring rounds due to macroeconomic headwinds, namely the ongoing trade war with China. We expect that employment growth will continue to be weighed down as long as major macro level concerns go unresolved.

By accepting you will be accessing a service provided by a third-party external to https://www.allegiantpa.com/

240 South Pineapple Avenue, Suite 200
Sarasota, Florida 34236
Telephone (941) 365-3745
Toll Free (800) 926-5237

Email Updates

Advisory Services Offered Through Commonwealth Financial Network, a Registered Investment Adviser

© 2020 Allegiant Private Advisors. All rights reserved. | CWFN Privacy Policy | Website Privacy Policy