Chart of the Week: Jobs Market Takeaways

The chart below displays the average monthly rise or decline in payrolls across business sectors from January to July in 2017 and 2018. As seen in the July jobs report, demand for manufacturing labor remains very high, and has seen the highest growth in payrolls versus 2017 in the measured time period. Manufacturing job trends will be important to watch as we get deeper into the trade war and labor supply gets constrained further. We are paying close attention to future job reports and broader economic developments.

Chart JobsMarketTakeways
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