Employment is Climbing

March 7, 2014
The February employment data shows employment climbing. This data along with the recent uptick in other leading indicators tell us we should all look for the economy to slow down, but not break down, in 2014.

The February employment data is out, and the number is good.  Using the BLS Household Survey data (not seasonally adjusted) we saw a 1.3% climb in employment from one year ago.  This is a reasonable number; not great, but good enough to indicate that the economy is still expanding in terms of jobs.  Private sector employment (derived from a different BLS payroll survey) was up 1.9% year-over-year.  Government employment (also derived from the payroll survey) was down 0.2% year-over-year.

The data is encouraging as is the uptick on the most recent ITR Leading Indicator trend and the rates-of-change we derive from the University of Michigan’s Consumer Expectations survey.  Throw in a resurgent S&P500 in February and the signals are telling us that we should all look for the economy to slow down, but not break down, in 2014.

About the Author

Alan Beaulieu Blog | President

One of the country’s most informed economists, Alan Beaulieu is a principal of the ITR Economics where he serves as President. ITR predicts future economic trends with 94.7% accuracy rate and 60 years of correct calls. In his keynotes, Alan delivers clear, comprehensive action plans and tools for capitalizing on business cycle fluctuations and outperforming your competition--whether the economy is moving up, down, or in a recession.

Since 1990, he has been consulting with companies throughout the US, Europe, and Asia on how to forecast, plan, and increase their profits based on business cycle trend analysis. Alan is also the Senior Economic Advisor to NAW, Contributing Editor for INDUSTRYWEEK, and the Chief Economist for HARDI.

Alan is co-author, along with his brother Brian, of the book MAKE YOUR MOVE, and has written numerous articles on economic analysis. He makes up to 150 appearances each year, and his keynotes and seminars have helped thousands of business owners and executives capitalize on emerging trends. 

Prior to joining ITR Economics, Alan was a principal in a steel fabrication company and also in a software development company.

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