October 2, 2019 | Daily JAM, Morning Briefing, Short Term, Volatility |
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...
September 6, 2019 | Daily JAM, Morning Briefing, Short Term |
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...
August 2, 2019 | Daily JAM, Morning Briefing |
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...
July 5, 2019 | Daily JAM, Morning Briefing |
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...
June 7, 2019 | Daily JAM, Morning Briefing, Short Term |
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....
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 5, 2019 | Daily JAM, Morning Briefing, Short Term |
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...
March 31, 2019 | Daily JAM |
...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...
March 8, 2019 | Daily JAM, Morning Briefing, Short Term |
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...
February 1, 2019 | Daily JAM, Morning Briefing |
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...
January 4, 2019 | Daily JAM, Morning Briefing, Short Term |
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...
December 30, 2018 | Daily JAM |
... 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...