US job growth slowed in August, the Labor Dept. reports, although the year-over-year growth rate remained unchanged at 1.90%. Economists projected that the US companies would add 179,000 jobs last month—the actual increase was considerably lower at 126,000.
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Correction: The table below with expected vs. trailing risk premia was originally posted without the line of data for Foreign REITs/Real Estate. The oversight has been corrected and a revised version of the table that includes all data is now available. Apologies.
–JP
The Global Market Index’s expected risk premium ticked lower in August after rising to a 14-month high in the previous month. GMI—an unmanaged market-value weighted mix of the major asset classes—is expected to earn an annualized 3.6% risk premium over the long term, modestly below last month’s estimate. (For details on the equilibrium-based methodology that’s used to generate the forecasts each month, see the summary below.)
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