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United States

Report | United States Employment Update - January 2018


​December saw 148,000 net new jobs added to the national labor market, below consensus figures but still healthy. Unemployment held steady at 4.1 percent and is expected to stay flat or decline in the absence of meaningful improvements in labor force participation or accelerated expansion of the labor force. A combination of widespread positive fundamentals, from consumer spending to business investment, is keeping the outlook for 2018 optimistic. Wage growth, which has been lower than expected given other areas of strength, could break the 3.0-percent threshold on the back of continued tightening and rising inflation.

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