U.S. economy loses 92,00 jobs in February
Granted one month’s data needs to be taken with a grain of salt, but the trend is now pointing decidedly downward. The U.S. labor market lost 92,000 jobs in February. The unemployment rate ticked up to 4.4%, according to the Bureau of Labor Statistics. Going...
Here are the stock market movers for the week ahead
Expect something macro and something micro. The macro? The September Jobs Report will be released on Friday morning before the financial markets open. . Economists expect a weak tally of 50,000 job additions and the unemployment rate to hold steady at 4.3%. With...
It’s jobs report Friday again this week
I expect the Big Event of the week to be Friday morning’s report of the November jobs numbers. The Dow Jones Industrial Average rose more than 2% last week. The Nasdaq Composite and the Standard & Poor’s 500 rose more than 1%. Both the S&P 500...
An increase in the unemployment rate is likely in Friday’s jobs report
The next big jobs report, the Employment Situation from the Bureau of Labor Statistics for August will hit the wires before the stock market opens on Friday, September 6. Has the 100% certainty among investors and traders that the Federal Reserve will cut interest...
And now they tell us: A day before the jobs report the BLS tells us that the employment numbers have been wrong
The Federal Reserve has been telling us over and over again that its decision on cutting interest rates depends on the data. Among other things, the Fed wants to see a steady slowdown in the employment market reflected in the data before it cuts interest rates. But...
All it took was a weak jobs report and stocks are off to the races
The U.S. economy added “only” 150,000 jobs in October, the Bureau of Labor Statistics announced this morning, November 3. Economists had projected that the economy would add 180,000 jobs for the month. The unemployment rate climbed slightly to 3.9% from...
Huge surge in ADP jobs for June likely means a big surprise on full June jobs report tomorrow
Earlier this week economists were projecting the official government jobs report due on Friday, that is tomorrow, would show that the U.S. economy added just 200,000 jobs in June. This morning, however, the ADP Research Institute’s survey of private employers...
July job report says the economy added 943,000 jobs in July: Did it really? What’s it all mean
This morning the Labor Department released its July jobs report. It showed a gain in non-farm payrolls of 943,000 against 938,000 in June and the 865,000 proejcted by economists surveyed by Bloomberg. The headline unemployment rate fell to 5.4% from 5.9% in June and a...
Don’t expect too much movement from stocks in the next couple of days–there’s just too much news due on Thursday and Friday
Stocks are neither moving ahead to follow up on yesterday’s big gains. Nor selling off under the wave of profit taking. Given the news calendar on Thursday and Friday that’s about what I’d expect. We’re due for a bushel of potentially...
Economy adds 638,000 jobs in October
The U.S. economy added 638,000 jobs in October, a slight drop from September, when the economy added 672,000 jobs. The job gains were enough to push the official unemployment rate down to 6.9% from 7.9% in September. The U-6 unemployment rate, which unlike the...Tomorrow brings the October jobs report
The economy is projected to have added 600,000 jobs in October, according to economists surveyed by Bloomberg. That would be a drop from the 661,000 jobs added in September. Which was a drop from… Well, you get the picture. The economy is improving but the rate...
Stocks try another rotation again today–I’m not sure this one will stick with employment claims and August jobs report still due this week
At the close today, the Standard & Poor’s 500 was up another 1.54%. Putting this question at the top of many investors’ and traders’ minds: Is there any way to participate in this blow out rally without real adding an unacceptable amount of...
I don’t think the market fell far enough today to rally tomorrow if unemployment news is merely bad instead of horrible
Remember last week. Stocks rallied despite the news that initial claims for unemployment hit a record high of 3.28 million. The markets decided to look past the unemployment number and focus on the positive in the passage of a $2.2 trillion coronavirus rescue bill by...
Sellers batten down the hatches today ahead of tomorrow’s report on new claims for unemployment
Not much mystery to today’s selling. Investors and traders were trimming positions–or more–ahead of tomorrow’s report on initial claims for unemployment. Last week brought a record 3.28 million new claims for unemployment as the coronavirus and...Jim’s Daily Email Alerts:
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