December 4, 2023 | Daily JAM |
I expect a nervous market this week as investors and traders look ahead to Thursday’s weekly report on initial claims for unemployment and Friday’s report on the jobs numbers for November.
January 20, 2023 | Daily JAM, Morning Briefing |
This may seem perplexing: Alphabet (AKA Google) announced that it would cut 12,000 jobs just days after Microsoft (MSFT) said it would cut 10,000 jobs. And stocks, especially technology stocks, rallied. The Standard & Poor’s 500 closed up 1.89% today and the Dow Jones Industrial Average ended the day up an even 1.00%. The technology-heavy NASDAQ Composite finished up 2.66% and the NASDAQ 100 wound up climbing 2.86%. But remember that the economy doesn’t equal the stock market
June 4, 2021 | Daily JAM, Morning Briefing |
The U.S. economy added 559,000 jobs in May, the U.S. Labor Department reported this morning. That was well above the 266,000 job additions initially reported for April (revised today to 278,000 for the month). That’s enough to damp worries that the post-vaccine recovery is about to stall. But the May total was well below the 675,000 projected by economists. That’s enough of a miss to allay fears that the economy is about to overheat and that inflation is about to spike. So not too cold and not too hot. Just right.
May 3, 2019 | Daily JAM, Morning Briefing |
The U.S. economy added 263,000 jobs in April. (The March jobs number was revised downward.) The gains for April exceeded all estimates from economists surveyed by Bloomberg. The official unemployment rate fell to 3.6%. In March the Federal Reserve had forecast that...
April 8, 2019 | Daily JAM, Morning Briefing, Short Term |
Business investment remained weak according to this mornings report on durable goods. Orders for non-defense capital goods excluding aircraft--a measure of business investment--remained weak in February, falling 0.1% for the month. However, shipments of those...
March 16, 2019 | Uncategorized |
... all attention on the Federal Reserve. The U.S. central bank meets on March 19 and 20 with the interest-rate setting Open Market Committee to meet and report on March 20. There is almost no chance that the Fed will either raise or lower interest rates at this...
July 3, 2013 | Daily JAM, Videos |
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