Employment growth eased in August. Here is the full report from BLS: Employment Situation – August 2015
Growth continues to cluster in the services, as we have been noting for many months now. That’s back-end stuff, with no predictions on how long this ‘back-end’ can endure. Too many predictors have been dust binned as this cycle has ground on.
Meanwhile, manufacturing and mining have predictably lost jobs. *
* Thing 1 was predictable (for us anyway, back in July due to bearish moves in the Machine Tool industry) and Thing 2 only needs a review of long-term trends in metal (precious and industrial) prices to make sense.
Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com and Biiwii.com. Also, you can follow via Twitter @BiiwiiNFTRH.