Much better than expected initial claims for unemployment report leads markets to “pause to consider”
The financial markets have stalled today with some minor pullback as investors and traders try to figure out what this morning’s better than predicted report on initial claims for unemployment means in the context of the worse than expected report of just 38,000 jobs created in May
Saturday Night Quarterback says, For the week ahead expect…
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Jobs market delivers a nasty shock
The U.S. economy added only a net 38,000 jobs in May, according to the jobs report from the Bureau of Labor Statistics this morning. Economists surveyed by Bloomberg had projected job gains of 90,000 to 215,000 with the median forecast at 160,000.
For today a drop in crude inventories out weighs another OPEC policy failure
This morning the U.S. Energy Information Administration reported that U.S. crude inventories fell by 1.37 million barrels for the week ended May 27. That was less than the 2.5 million barrel decline projected by energy analysts surveyed by Bloomberg. But at least the move was in the right direction–downward
U.S. stocks mark time waiting for Friday’s jobs report for May
With U.S. stocks bumping up against the top of the recent trading range of 2100 on the Standard & Poor’s 500 index–and near the May 2015 all-time high for the index at 2135–markets need good news to push stock prices higher. But every piece of good news also increases the likelihood that the Federal Reserve will raise interest rates at its June 15 or July 27 meetings
Goldilocks confronts a disappointing April jobs report
Under some circumstances you’d expect a weak jobs number to send markets higher because it would signal that the Federal Reserve will put off the next interest rate increase. But not today. The Dow Jones Industrial Average was off slightly, by 0.07%, as of 11:30 a.m. New York time. The Standard & Poor’s 500 slipped 0.18%. That’s because markets have already priced in a one or none scenario for 2016.
The March jobs report welcomes back Goldilocks
Just enough weakness in the report–the number of Americans working part-time but looking for full-time work rose by 135,000 to 6.12 million, the highest since August–to let the market believe that any interest rate increase will be modest and is a long way off. And just enough strength–215,000 new jobs added in March–to keep up confidence in the U.S. economy.
Waiting on jobs numbers and on the Fed’s reaction to them
U.S. stocks have gone into a holding pattern today as everyone frets that tomorrow’s jobs report for February could be strong enough to push the Federal Reserve to a more aggressive schedule for interest rate increases than the market has assumed until very recently.
Job growth enough to pause Wall Street consensus for no Fed rate hikes for 2016
The most important number in this morning’s jobs report was the gain in hourly earnings. Average hourly earnings rose at a 2.5% year over year rate in January
December employment report: Big job growth but where’s the wage growth?
In December the U.S. economy added 290,000 jobs, well above the median estimate of 200,000 among economists surveyed by Bloomberg, but wage growth disappointed at 2.5% year over year
Saturday Night Quarterback says, For the week ahead expect…
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