Still in a down draft with additional tariffs scheduled to kick in Dec 15. Decelerating employment growth translates into decelerating personal income growth, etc. etc. etc.
Similar pattern for wages- up some with tax cuts, down with tariffs:
Meanwhile seems the crowd is making a big deal over the larger than expected headline number of data that’s both volatile and subject to large revisions:
The 266,000 jobs added in November is an important number since it defies expectations, at least for one month, that the labor market is slowing down. The report was way better than the 187,000 jobs expected by economists.
The end of the GM strike helped inflate the number, with 41,300 jobs added in motor vehicles and parts, but the overall gain in payrolls was still about