Back-To-Back U.S. Jobs Gains, But Hiring Caution Lingers
2026-05-09
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via All Articles on Seeking Alpha
Summary
- A second consecutive firm jobs report is a big win for the US economy, amidst trying circumstances.
- Nonetheless, other labour market data is not as firm and consumers certainly aren't recognizing the strength of this data point.
- Real household disposable incomes are the key driver of spending, and that continues to flatline.
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By James Knightley, Chief International Economist, US
Jobs beat expectations for a second month
The US jobs report has come in notably stronger than expected for a second consecutive month. Payrolls rose 115k in April versus
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