News & Insights
Welcome to the FIA News & Insights, a one-stop resource that includes insights from senior investment professionals on timely market events, their views on the economy and their respective markets. Find updates on the latest media information on Frost Investment Advisors, LLC and the most recent reprints, as well as, archival information for your reference.
Labor Force Participation Rises; Global Tightening as Growth Stalls; Inflation High but Signs of Slowing; Government Spending May Foil the Fed
Labor Force Participation Rises
The August U.S. jobs picture was stronger than expected, with non-farm payrolls expanding by 315,000, though the prior two months were revised down. The household survey showed an increase of 442,000 jobs, reversing course after showing no significant net change since March. The unemployment rate rose to 3.7%, but this is arguably for good reason: The very important labor force participation rate had an even larger move from 62.1% to 62.4%.
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