The Nonfarm Payroll report for December showed weaknesses that cannot be easily dismissed. Participation rate continues to fall; in the last year the labor force shrunk by a half-million. Beyond unusual weather-related effects, discomforting trends continue to show stress in the labor markets. The Nonfarm Payroll report for December was certainly an outlier showing payrolls
Marie M. Schofield, CFA, Chief Economist and Senior Portfolio Manager
Marie Schofield is chief economist and senior portfolio manager at Columbia Management Investment Advisers, LLC (CMIA). Ms. Schofield is a member of the firm’s investment strategy committee and leads the effort on macroeconomic research and strategy. She is also a member of the asset allocation team. Prior to her current role, she served as head of the core fixed-income team in Boston from 2001 through 2006 and as senior strategist for the fixed-income strategy group from 2006 through 2008. Ms. Schofield joined the firm in 1990 and has been a member of the investment community since 1975.
Prior to joining the firm, Ms. Schofield was a portfolio manager at Trustco Bancorp NY, Chittenden Bank and BayBanks Investment Management.
Ms. Schofield earned a B.S. from the College of Saint Rose and is a member of the CFA Institute, the Boston Security Analysts Society, the Fixed Income Management Society of Boston and the Boston Economic Club. In addition, she holds the Chartered Financial Analyst designation.