Employment Report: The State of the American Worker

In this edition of Market Insights, Glenmede provides an in-depth look at recent U.S. employment numbers and highlights the following:

• The post-recession employment recovery has been weak.
• The unemployment rate is falling, having reached 6.6 percent from a 2009 high of 10 percent.
• The declining labor force is the result of a natural evolution in demographics rather than a weakened economy.
• Ongoing labor market improvements could result in downward pressure on corporate profit margins.
• With employment a lagging, not leading, indicator of the underlying economy, they continue to position portfolios for moderate growth.