January Jobs Picture Defies Recession Chatter

If there is to be an imminent recession, then jobs are an even more lagging indicator than ever.

Because this morning’s non-farm payroll report showed a continuation of two important trends: wages are rising and participation in the labor force is growing as workers come off the sidelines.

4.9% headline unemployment combined with rising average hourly earnings (2.5% growth this month) will do that. A tighter employment situation should lead to greater participation and higher pay. The mechanism is functioning.

Here are the details, via Wall Street Journal’s live blog.

As for market reaction, who the f*** knows. I’ve lost track of whether good news was bad or good at this point.

Anyone who tells you they know how the dollar, the 10-year yield or the S&P 500 are going to zig or zag off a jobs report these days is just making it up.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. Beste Adventskalender mit Spielzeug commented on Sep 17

    … [Trackback]

    […] Here you can find 9539 additional Info to that Topic: thereformedbroker.com/2016/02/05/january-jobs-picture-defies-recession-chatter/ […]

  2. crown mazda commented on Sep 22

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2016/02/05/january-jobs-picture-defies-recession-chatter/ […]

  3. bitcoin evolution review commented on Sep 23

    … [Trackback]

    […] There you can find 7610 more Information to that Topic: thereformedbroker.com/2016/02/05/january-jobs-picture-defies-recession-chatter/ […]

  4. 안전공원 commented on Oct 16

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2016/02/05/january-jobs-picture-defies-recession-chatter/ […]

  5. orangeville real estate agents commented on Oct 16

    … [Trackback]

    […] Find More Info here on that Topic: thereformedbroker.com/2016/02/05/january-jobs-picture-defies-recession-chatter/ […]

  6. td canada trust online commented on Nov 10

    … [Trackback]

    […] Find More Information here on that Topic: thereformedbroker.com/2016/02/05/january-jobs-picture-defies-recession-chatter/ […]

  7. local service commented on Nov 27

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2016/02/05/january-jobs-picture-defies-recession-chatter/ […]

  8. DevSecOps commented on Dec 21

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2016/02/05/january-jobs-picture-defies-recession-chatter/ […]

  9. where to order weed online commented on Dec 22

    … [Trackback]

    […] Find More on to that Topic: thereformedbroker.com/2016/02/05/january-jobs-picture-defies-recession-chatter/ […]

  10. tangerine banque log in commented on Jan 17

    … [Trackback]

    […] There you will find 46984 additional Information to that Topic: thereformedbroker.com/2016/02/05/january-jobs-picture-defies-recession-chatter/ […]