A still-robust pace of job creation represents a vote of confidence by employers that the U.S. will hold up against an anemic global economic backdrop. Additional tightening in the labor market that sparks bigger pay gains for American workers may convince Federal Reserve policy makers that the economy is more insulated to weakness overseas.
“We’re still in a really good spot with the labor market - - the fundamentals here are strong,” Thomas Simons, a money-market economist at Jefferies LLC in New York, said before the report. “ I have no reason to suspect we’re seeing a turning point in the labor market any time soon.”
keyboard shortcuts: V vote up article J next comment K previous comment