Since the beginning of this year, employment growth has averaged 151,000 per month, about the same as the average
monthly job gain of 153,000 in 2011.
Despite steady demand from employers and brisk economic growth recently, average
monthly job gains slowed from 187,000 in 2016 as the 4.1 % unemployment rate meant fewer available workers.
Payrolls expanded by 228,000, ahead of consensus expectations, to leave 2017's average
monthly jobs gain at 174,000, not far off the 187,000 pace seen in 2016.
Along with an upward revision to June's already - robust number, the latest figures left average
monthly job gains so far in 2017 at 185,000, close to the strong pace set in 2016.
The primary answer is that statistically the economy is
producing monthly job gains very similar to the previous two recoveries / expansions.
NORTH BRANFORD — Gov. Dannel P. Malloy visited a lighting factory Monday to celebrate Connecticut's
biggest monthly job gain in two decades.
On a day
when monthly job gains topped all expectations and the stock market rose, the mayor said teachers will see pink slips «certainly this year.»
he notes that even though the economy added 215,000 jobs in July, this year's
monthly job gains are running below last year's gains of 260,000 jobs each month..
Absolute Annual Job Growth by Month Metric used by the Bureau of Labor Statistics involving the sum of trailing 12 months of
monthly job gain or loss.
Our nation's economy is kicking into second gear;
monthly job gains have exceeded 200,000 for three consecutive months, providing the necessary fuel to create modest economic growth.