November 6, 2020 | Daily JAM, Morning Briefing |
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 official rate includes discouraged workers who have stopped looking for work and workers in part-time jobs who would like full-time work fell to 12.1% from September’s 12.8%.
And this month’s drop in the unemployment rate wasn’t driven by workers leaving the workforce.The labor participation rate rose 0.3 percentage points to 61.7%, still a low rate on historical standards.
So why didn’t the market move up and strongly on the news?
July 3, 2019 | Daily JAM, Morning Briefing |
In a report on Monday the Purchasing Managers' Index for the U.S. manufacturing sector slipped. For June the index moved down to 51.7 from 52.1 in May. That still signals expansion--anything over 50 denotes expansion, anything under 50 signals contraction--but...
March 4, 2019 | Daily JAM, Morning Briefing |
Stocks started off the day rallying on speculation that a U.S.-China trade deal was near conclusion. Market consensus was that the deal would be signed by President Donald Trump and President Xi Jinping by the end of March. The United States would lift tariffs on...
January 27, 2018 | Daily JAM |
So much news. And so much that has the potential to move the financial markets. Let’s start on the economic side, ok? Monday we get reports on personal income and inflation. And on the earnings side? Lots and lots of reports that could change the tone of this market. The biggest are Microsoft, (MSFT), PayPal (PYPL) and Facebook (FB) on Wednesday January 31 and then Alphabet (GOOG), Apple (AAPL) and Amazon (AMZN) on Thursday, February 1.
July 29, 2017 | 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...
July 2, 2017 | 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...
April 6, 2017 | Daily JAM, Morning Briefing |
The U.s. government is set to release the jobs report for May at 8:30 a.m. New York time. Economists surveyed by Briefing.com are looking for the economy to add a net 180,000 jobs. That projection could be low, however, since the private ADP Employment Situation Report released yesterday showed the economy adding a much stronger than expected 263,000 jobs.
November 2, 2016 | Daily JAM, Short Term |
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...
October 1, 2016 | 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...
May 4, 2016 | Daily JAM, Morning Briefing, Short Term |
Friday’s jobs report for April will be make or break news for any Federal Reserve interest rate increase at the central bank’s June 15 meeting. But today’s contradictory news has been absolutely no use in telling investors what will happen with Friday’s official report.
May 3, 2016 | Daily JAM, Morning Briefing, Short Term, Volatility, You Might Have Missed |
On Friday morning, before U.S. markets open, the Labor Department will report job gains and unemployment for April. It will take a strong jobs number to offset recent weak reports on U.S. economic growth. And without a strong jobs report the Federal Reserve won’t have grounds for increasing interest rates at its June meeting.
