Wednesday, December 6, 2023 4:10 PM EST
Private companies added 103,000 workers to payrolls in November. This disappointed as consensus was expecting 123,000 additions. Also, the October number was revised down by 7,000 jobs erasing some of the strength off September’s 32 month low in hiring of 89,000.
On an annual basis employment is growing 2.035% and continues to slow from the hiring surge of 2021 and 2022. There are 2,578,000 more people on private payrolls today than at this time last year which is historically a strong year.
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Disclaimer: This information is presented for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy any investment products. None of the information herein constitutes an investment recommendation, investment advice, or an investment outlook. The opinions and conclusions contained in this report are those of the individual expressing those opinions. This information is non-tailored, non-specific information presented without regard for individual investment preferences or risk parameters. Some investments are not suitable for all investors, all investments entail risk and there can be no assurance that any investment strategy will be successful. This information is based on sources believed to be reliable and Alhambra is not responsible for errors, inaccuracies, or omissions of information. For more information contact Alhambra Investment Partners at 1-888-777-0970 or email us at info@alhambrapartners.com.
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