Private employers added 195,000 jobs in August, according to the latest ADP National Employment Report, surging past analyst expectations of 149,000 even as recession fears continue to mount. Most hiring took place in the service-providing sector, with 184,000 new jobs created. Manufacturing hiring remained fairly steady, with 8,000 jobs added.
The share of American workers satisfied with their paychecks rose last year, and “the biggest leap came from millennials and Generation Z, whose enthusiasm for their compensation shot from 36% in 2017 to nearly 46% a year later,” Lauren Weber reports for The Wall Street Journal.
“In all, nearly 54% of U.S. workers said they were satisfied with their jobs in 2018, the highest share reported in more than two decades.”
What to expect this summer and fall.
The first half of 2019 was a wild one for investors, with the S&P 500 gaining an impressive 17%. The ride wasn’t always a smooth one, with concerns over slowing economic growth and an ongoing trade war between the U.S. and China creating volatility in the market. So far, fears over a U.S. recession in 2019 have proven unwarranted, but investors are understandably concerned about what’s coming in the second half of the year. Here are seven predictions about what investors can expect from the LPL Research team.
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