March 3, 2021 | Daily JAM |
Private employers added 117,000 jobs in February, according to today’s National Employment Report from ADP. The ADP report leads into Friday’s Labor Department report on the job market. The Labor Department report will include jobs gains or losses in the public sector that has been hit hard by the pandemic. Economists had projected that the ADP survey would show private payrolls adding 165,000 jobs in February.
April 9, 2018 | Daily JAM, Morning Briefing |
As you’ll remember when last we left the U.S. economy–on Friday morning–it had just reported a disappointing addition of 103,000 net new jobs for March. Economists had been looking for 183,000. The unemployment rate stayed at 4.1%, where it’s been stuck for six straight months. (Economists were expecting unemployment to drop to 4.0%.) Average hourly earnings, in a piece of good news, climbed 0.3% from January and 2.7% year over year.
February 16, 2018 | Daily JAM, Long Term, Volatility |
Before this market rout and from the safety of the World Economic Forum in Davos, hedge fund legend Ray Dalio talked about the coming bear market in bonds and likelihood that we were near the end of this cycle of economic boom. Sometime in the next two years, he remarked, we were likely to experience a recession and that would put an end to one of the longest periods of economic growth in the United States. With the experience of the big market rout of January 26 through February 8 behind us–if it indeed is–when the Standard & Poor 500 stock index fell 9.03%, I’d like to make Dalio’s comments a little more explicit and apply them more directly to the stock market.
January 16, 2018 | Uncategorized, You Might Have Missed |
Ever since the January 11 announcement from Wal-Mart (WMT) that it would increase the starting wage rate for hourly workers to $11 (and provide a one-time cash bonus of up to $1,000 plus expanded maternity and parental leave b benefits,) pundits have seized on the news to say either “See, the Tax Cuts and Jobs Bill is already working,” or “This is all about competition for workers in a tight jobs market and has nothing to do with recent tax cuts.”
December 22, 2010 | Daily JAM |
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
November 23, 2010 | Daily JAM |
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
September 30, 2010 | Daily JAM, Morning Briefing |
Not terrible and no worse than expected. How’s that for a ringing endorsement of the U.S. economy? The latest revision of figures on the growth rate of the U.S. economy in the second quarter, released this morning, show the economy growing at a 1.7% annual rate. That’s up just slightly from the previous revision that showed a 1.6% annual growth.
September 20, 2010 | Daily JAM, You Might Have Missed |
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
August 28, 2010 | Uncategorized |
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
August 18, 2010 | Daily JAM, Morning Briefing |
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
