Private-sector payroll growth was 75K in recent months, Peter Berezin notes

Private-sector payroll growth was 75K in recent months, Peter Berezin notes
Private-sector jobs grew 75K by August

Peter Berezin points out that while yesterday’s jobs report may present an overly optimistic view of the labor market, there are clear signs that underlying job growth has increased.

He observes that private-sector payroll growth averaged 75,000 in the three months leading up to August, with health care and education sectors excluded from this measure.

Berezin has previously highlighted risks facing hedge funds that use short-term debt to purchase long-term Treasuries, cautioning that falling bond prices could prompt liquidations in that space (read more). In a separate analysis, he noted that analysts expect major cloud providers, or hyperscalers, to see margin growth as they offset depreciation from expensive AI hardware investments (read more). These recent observations add context to his current take on labor market conditions.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.