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CHART OF THE WEEK

 

Growing Share of Americans Working in 2017

 

 

After stagnating in 2016, the employment-to-population ratio, which measures the percentage of people ages 16 and over who have a job, has grown strongly in 2017. For more details regarding the current labor market situation please refer to JEC’s July 2017 Jobs Review.

 

LAST WEEK

News & Commentary Weekly Highlights

Wall Street Journal: U.S. Hiring Maintains Strong Pace as Jobless Rate Falls to 16-Year Low

Tax Foundation: What Would “Unprecedented Capital Expensing” Look Like?

Wall Street Journal: U.S. Plans Trade Measures Against China

Economics21: A Workable Balanced Budget Amendment

 

 

Top Economic Indicator Highlights

Employment Situation                        July                 June                May

Nonfarm payroll jobs                          209,000           231,000           145,000

Headline unemployment rate (U-3)    4.3%                4.4%                4.3%

“True” unemployment rate (U-6)        8.6%                8.6%                8.4%

 

Noteworthy: The nonfarm payroll jobs number exceeded expectations for a second month. The employment-to-population ratio, the overall labor force participation rate, and the prime-age labor force participation rate all increased the last two months.

           

JEC Releases

Tiberi Statement on July Jobs Report

July 2017 Jobs Review

 

THIS WEEK

Upcoming Economic Data and Events

Monday

Consumer Credit (3:00pm)

 

Tuesday

Job Openings and Turnover Summary (JOLTS) (10:00am)

 

Wednesday

Productivity and Costs (8:30am)

Wholesale Trade (10:00am)

 

Thursday

Producer Price Index (8:30am)

 

Friday

Consumer Price Index (8:30am)

Real Earnings (8:30am)

Survey of Professional Forecasters (10:00am)