Total Wealth Partners

Nonfarm Payrolls February 2023 The labor market marches on with 311,000 new jobs in February. While revisions took a smidgeon of the shine off of January’s gangbusters report, we are still running at a rate of ~400,000 new jobs per month in 2023. This is roughly twice the pre-pandemic pace for the American jobs machine! Meanwhi...

Nonfarm Payrolls November 2022 My, my, my… another strong print for the labor market. BLS reported this morning that American payrolls expanded by 263,000 in the second to last month of 2022. On the private side of the ledger leisure and hospitality lead the way with new hires totaling 88,000. Meanwhile, government hiring activ...

Nonfarm Payrolls October 2022 261,000 new jobs were created in the month of October. Hourly earnings increased 0.4% MoM, which puts us on pace for roughly 5% annualized wage gains. Of course, we will be paying close attention to the upcoming CPI figures to see if American earnings were actually positive in real terms last month....