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Posts Tagged ‘jobs’

Stocks rally on September jobs report–the “why,” though, is complicated

This morning the Bureau of Labor Statistics reported that the economy added 136,000 jobs in September. And stocks rallied with the Standard & Poor's 500 closing the day up 1.10% to 2942.56 and the Dow Jones Industrial Average ending up 1.11%. The NASDAQ Composite finished up 1.11% and the Russell 2000 small cap index was […]

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I think we can call this a data dependent market for Friday

The trend in U.S. financial markets this week has pointed down on data that shows the U.S. economy is slowing. Certainly the disappointing numbers in both the manufacturing and services Purchasing Managers Indexes have supported that conclusion. That could all change with the release of the September jobs numbers tomorrow, Friday, October 3. Or maybe […]

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Growth worries about U.S. economy mount today ahead of critical Friday jobs report

In a different environment, the disappointing jobs numbers from the private ADP employment survey and the weak quarterly sales reports from Ford and General Motors would not have taken the Standard & Poor's 500 down 1.79% and the Dow Jones Industrials lower by 1.86% today. But this news came in a context of worries about […]

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August jobs report disappoints; more evidence that U.S. economy is slowing

The U.S. economy added 130,000 jobs in August. Economists surveyed by Briefing.com had expected 171,000 new jobs. Once you subtracted the 25,000 new temporary jobs added by the government for the 2020 census, the results were even more disappointing with the private sector economy adding just 96,000 jobs. Economists had expected 145,000 jobs to be […]

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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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