Fog is clearing, but more hurdles are ahead

An optimistic start to 2023? While 2023 is still full of uncertainty, it is likely to be a less tumultuous year than 2022 as the Fed approaches the end of its tightening cycle and inflation continues to move in the right direction. Investors are much more confident in the outlook for 2023 than they were only a few months ago, though a possible recession on the horizon is keeping everyone…

December 2022 Jobs Report

January 6, 2023 Summary The December jobs report included some promising news for today’s economy. 223,000 jobs were added during the month, higher than the 206,000 estimated. However, this is less than the 256,000 jobs that were added in the previous month. Job gains were highly concentrated in the leisure and hospitality, healthcare, construction, and social assistance sectors. Although there has been a notably high number of layoffs from tech…