{"id":15436,"date":"2017-06-10T03:58:42","date_gmt":"2017-06-10T07:58:42","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=15436"},"modified":"2017-06-10T03:58:42","modified_gmt":"2017-06-10T07:58:42","slug":"steady-growth-in-us-hours-worked","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2017\/06\/10\/steady-growth-in-us-hours-worked\/","title":{"rendered":"Steady growth in US hours worked"},"content":{"rendered":"<p>Growth of total hours worked, calculated as Total Nonfarm Payroll multiplied by Average Hours worked, improved to 1.575% for the 12 months to May 2017.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" title=\"Total Hours Worked\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2017\/2017-06-10-totalhours-realgdp.png?w=525&#038;ssl=1\" alt=\"Total Hours Worked\" \/><\/p>\n<p>And the April 2017 Leading Index, produced the Philadelphia Fed, is tracking at a healthy 1.64%. Decline below 1.0% is often an early warning of a slow-down; below 0.5% is more urgent.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" title=\"Hourly Wage Rate Growth and Core CPI\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2017\/2017-06-10-leading.png?w=525&#038;ssl=1\" alt=\"Hourly Wage Rate Growth and Core CPI\" \/><\/p>\n<p>Dow Jones Industrial Average continues to advance. Rising troughs on Twiggs Money Flow signal long-term buying pressure.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" title=\"Dow Jones Industrial Average\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2017\/2017-06-10-dow.png?w=525&#038;ssl=1\" alt=\"Dow Jones Industrial Average\" \/><\/p>\n<p>Dow Jones Transportation Average is slower, headed for a test of resistance at 9500. But recent breakout of Fedex above $200 is an encouraging sign and the index is likely to follow.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" title=\"Dow Jones Transportation Average\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2017\/2017-06-10-dowt.png?w=525&#038;ssl=1\" alt=\"Dow Jones Transportation Average\" \/><\/p>\n<p>We are in stage III of a bull market, but this can last for several years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Growth of total hours worked, calculated as Total Nonfarm Payroll multiplied by Average Hours worked, improved to 1.575% for the 12 months to May 2017. And the April 2017 Leading Index, produced the Philadelphia Fed, is tracking at a healthy 1.64%. Decline below 1.0% is often an early warning of a slow-down; below 0.5% is &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2017\/06\/10\/steady-growth-in-us-hours-worked\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Steady growth in US hours worked&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[46,34],"tags":[1113,1124,3442],"class_list":["post-15436","post","type-post","status-publish","format-standard","hentry","category-deficit-spending-employment","category-us-canada-countries-regions","tag-dow-jones-industrial-average","tag-dow-jones-transportation-average","tag-total-hours-worked"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Steady growth in US hours worked - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Steady growth in US hours worked - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Growth of total hours worked, calculated as Total Nonfarm Payroll multiplied by Average Hours worked, improved to 1.575% for the 12 months to May 2017. And the April 2017 Leading Index, produced the Philadelphia Fed, is tracking at a healthy 1.64%. 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The strong BLS labor report means that further rate cuts are unlikely in the first half of 2026. The economy added 130,000 jobs in January 2026, according to the BLS labor report. The result far exceeded average expectations of 70,000 from\u2026","rel":"","context":"In &quot;Deficit Spending &amp; Employment&quot;","block_context":{"text":"Deficit Spending &amp; Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"Employment Growth","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-11-jobs.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-11-jobs.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-11-jobs.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":15076,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/04\/01\/dow-descending-wedge\/","url_meta":{"origin":15436,"position":1},"title":"Dow Descending Wedge","author":"ColinTwiggs","date":"April 1, 2017","format":false,"excerpt":"Dow Jones Industrial Average displays a descending broadening wedge on the daily chart. Thomas Bulkowski describes this as a \"mid list performer ....found most often with upward breakouts in a bull market. Downward breakouts are quite rare.\" The correction seems mild and lacks urgency from sellers. It is very likely\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61340,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/03\/08\/the-last-man-standing\/","url_meta":{"origin":15436,"position":2},"title":"The last man standing","author":"Colin Twiggs","date":"March 8, 2025","format":false,"excerpt":"The two leading US stock market indices, the S&P 500 and the Dow, are testing primary support. A decisive break would signal a bear market. The S&P 500 retreated to 5770 on the weekly chart below, but follow-through below support at 5750 will likely confirm a primary downtrend. Dow Jones\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-07-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-07-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-07-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":61320,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/03\/05\/sp-and-dow-threaten-a-bear-market\/","url_meta":{"origin":15436,"position":3},"title":"S&#038;P and Dow threaten a bear market","author":"Colin Twiggs","date":"March 5, 2025","format":false,"excerpt":"The S&P 500 is testing primary support at 5750, shown on the weekly chart below. A breach would signal a primary downtrend. The Dow Jones Industrial Average is similarly headed for a test of primary support at 42K. The Transportation Index is already in a primary downtrend signaled by breach\u2026","rel":"","context":"In &quot;GDP and Activity&quot;","block_context":{"text":"GDP and Activity","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/gdp-and-activity\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-04-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-04-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-04-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":15029,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/03\/24\/dow-warns-of-a-correction\/","url_meta":{"origin":15436,"position":4},"title":"Dow warns of a correction","author":"ColinTwiggs","date":"March 24, 2017","format":false,"excerpt":"The commentator's curse. Three days after I posted that Dow Jones Industrial Average was consolidating in a bullish narrow band below resistance at 21000, the Dow breached support at 20800. Downward breakout warns of a correction with support at 20000. Declining 21-day Twiggs Money Flow indicates medium-term selling pressure. Follow-through\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32674,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/05\/10\/its-a-bear-market-2\/","url_meta":{"origin":15436,"position":5},"title":"It&#8217;s a bear market","author":"Colin Twiggs","date":"May 10, 2022","format":false,"excerpt":"The S&P 500 broke primary support at 4170 to confirm a bear market. A Trend Index peak at zero warns of strong selling pressure. The Nasdaq 100 similarly broke support at 13K, confirming the bear market. Dow Jones Industrial Average, already in a primary down-trend, confirmed the bear market with\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-05-09-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-05-09-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-05-09-spx.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-05-09-spx.png?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/15436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=15436"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/15436\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=15436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=15436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=15436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}