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Weather Provided A Favorable Boost In August Employment

US DATA
  • Whilst very much a lower tier figure from Friday's payrolls report but something that hasn’t been featured much elsewhere is the helping hand that household survey employment got from a unusually low number of those not at work due to bad weather.
  • The 5k missing in August was the lowest for an August since at least 1985 and compares with a ten-year average of 34k.
  • This is taken from the full MNI Employment Insight, which can be found here: https://marketnews.com/mni-us-employment-insight-sep-23-bolstering-a-soft-landing-thesis


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