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Posts Tagged ‘jobs’

Decent job growth in July; bond market prices in 100% chance of another interest rate cut on September 18

The U.S. economy added 164,000 jobs in July. That's down from the 193,000 jobs added in June (revised down from an initial 224,000) and slightly higher than the 160,000 jobs forecast by economists surveyed by Briefing.com At 3.7% the headline unemployment rate was even with the 3.7% rate in June. The U6 unemployment rate, which […]

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Stronger than expected jobs reports kills odds on a 50 basis point interest rate cut from the Fed on July 31

U.S. stocks initially sold off on this morning's stronger than expected jobs report for June. At 10:45 a.m. New York time the Standard & Poor's 500 was down 0.92%. The fear was that the addition of 224,000 jobs in June, well above the 160,000 forecast by economists surveyed by Briefing.com, reduced the odds that the […]

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May jobs disappoint, but stocks climb on interest rate cut hopes

The U.S. economy added just 75,000 jobs in May. Economists surveyed by Bloomberg had expected the addition of 175,000 jobs. Statisticians at the Labor Department also revised April job gains down to 224,000. The unemployment rate held steady at 3.6%, a 49-year low. (The full U6 unemployment rate, which counts discouraged workers who have stopped […]

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Economy added surprisingly strong 263,000 jobs in April; wage gains, labor participation are red flags

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 unemployment would falll to 3.7% by the end of 2019. There were a […]

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Jobs numbers show solid but slow growth in U.S. economy

The U.S. economy added 196,000 net new jobs in March. That's a huge increase from the 33,000 jobs added in February (revised upward from the original 20,000) and showed that the plunge in the February jobs total was an aberration. Economists surveyed by Briefing.com had projected a gain of 170,000 jobs in March. The trend […]

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Saturday Night Quarterback (on a Sunday) says, For the week ahead expect…

...data, data and more data on the health of the U.S. economy with the week ending with Friday's job report for March. The forecast from economists surveyed by Bloomberg calls for payrolls to climb to 175,000 after a very disappointing addition of just 20,000 jobs in February. Markets shook off that February number as an […]

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Shockingly low February jobs report this morning–but what’s the trend.

The U.S. economy added only 20,000 jobs in February, the Labor Department reported this morning. Economists surveyed by Briefing.com had expected 173,000 jobs for the month. In January the economy added 304,000 jobs. The huge swing left economists and Wall Street analysts trying to figure out the trend. Everybody believes that the February 20,000 is […]

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Jobs report today adds to Fed puzzle

Last week the Federal Reserve signaled a huge policy change--no (or at most one) interest rate increase in 2019 and flexibility on continuing/ending the $50 billion a month program to reduce the size of the Fed's balance sheet. Markets cheered the shift on interest rate increase for 2019, but worried about what might be behind […]

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Stocks rally on huge job gains; acceleration in wage growth puts Fed betwixt and between

The U.S. economy added 312,000 jobs in December, the Labor Department reported this morning. The government statisticians also revised November's report to show the addition of 176,000 jobs instead of the prior report of 155,000. Economists surveyed by  Briefing.com had expected the economy to add 180,000 jobs in December. U.S. stocks are off to the […]

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Saturday Night Quarterback says (on a Sunday), For the week ahead expect…

... everything in the way of economic news to get crammed into Thursday and Friday after a quiet start to the week. On Thursday, investors and traders get news on initial claims for unemployment (How strong is the job market?), the purchasing managers index for the manufacturing sector, and auto sales (How strong is the […]

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