The Employment Tracker is a monthly report which provides analysis of the latest U.S. monthly labor market trends, the impact on commercial real estate and the impact on the macro economy.
Job Growth Slows
The U.S. economy added a mere 98,000 jobs in March 2017, a significant slowdown from the 219,000 jobs added in February and the 216,000 added in January. We do not believe this abrupt slowdown is cause for concern. Even with this moderation, employment growth in the first quarter of 2017 was solid—averaging 178,000 jobs per month, and represents a substantial increase from the monthly
average of 148,000 jobs added in the fourth quarter of 2016 and is roughly on par with the average of 187,000 per month for 2016 as a whole. The March job gains, though comparatively small, continues the record-setting streak of employment growth that began in the fourth quarter of 2010. Nonfarm payroll employment has now increased for 78 consecutive months.
Previous Employment Tracker Reports