Reading time ( words)
Employment increased by 148,000 jobs in December after increasing by 252,000 jobs in November.
December’s job growth came well below expectations. Still, the overall labor market picture is brighter than this month’s figure suggests with average job growth exceeding 200,000 for the past three months and 170,000 for the past year. The underlying story is of a US economy that has been significantly accelerating in recent quarters, which is leading to solid job growth.
This strong momentum may even get stronger as we move into 2018. Tax cuts passed by Congress will provide an additional boost to the US economy. We expect robust job growth to continue in the coming months. As a result, the US labor market is likely to tighten further during 2018. The main challenge for business in 2018 will be to meet rapid growth in demand in an environment where workers are harder to find.
Two key industry trends also continued this month with continued growth in manufacturing employment and a modest declining trend in retail jobs despite strong consumer spending.
A new forecast from IDC sizes the market for compute and storage infrastructure for Telecoms at nearly $10.81 billion in 2017. However, as Telecoms aggressively build out their infrastructure, IDC projects this market to see a healthy five-year compound annual growth rate (CAGR) of 6.2% with purchases totaling $16.35 billion in 2022.
Cullen Hilkene, 3Diligent
First, the arrival of extrusion metal printing. Today's extrusion printers are the most prevalent and, arguably, user-friendly 3D Printers in the market. Now, after years of there being zero metal extrusion printers, there will be two in the new year from Desktop Metal and Markforged. These technologies promise new materials and a higher degree of user friendliness for metal printing.
This research report titled ‘Global LED Market 2016-2020’ provides an in-depth analysis of market growth in terms of revenue and emerging market trends. The market size is calculated on the basis of revenue generated from four segments, including general lighting, backlighting, automotive lighting, and others.