Economics
Prepare for the Great Moderation in U.S. Job Growth
The Fed has failed, until recently, to prepare the markets for a slowing pace of job growth.
U.S. Jobless Claims Equal Lowest Level Since 1973
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Back-to-back months of employment growth that came in far below economists' expectations would seemingly belie the notion that the U.S. economy is firing on all cylinders.
But the recent job numbers paint the picture of an economy that's losing slack—not steam—and offer a sneak peek at what nonfarm payroll net additions will look like later in the cycle.