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...
For the Fed, one and done–for a while?
This morning the November jobs report came in softer than expected--and that pretty much removed the last factor pushing the Federal Reserve toward aggressively raising interest rates in 2019. For November the economy added 155,000 jobs. That is still a strong...
Next potential major bump/boost in the road–Friday’s jobs report
Today markets are seeing a pullback as investors and traders have been left scratching their heads about exactly what, if anything, was agreed during the meeting between U.S. President Donald Trump and Chinese President Xi Jinping. (With some added nervousness because...
Today the U.S. economy is looking a tad vulnerable
Yesterday, Wednesday November 28, U.S. stocks saw a huge bounce with the Standard & Poor's 500 climbing 2.3% on a speech by Federal Reserve Chairman "suggesting" that the Fed might slow the speed and limit the number of interest rate increases in 2019. Today,...
Trick or trend: Today’s jobs numbers seal Fed rate increase on December 19
Our regular (or occasional or perhaps occasionally regular) Friday series ( surprise, actually running on Friday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever....
“Odd” job numbers this morning for September but job market still strong
The economy added only 134,000 new jobs in September--probably a result of Hurricane Florence. But a huge revision to August and July job gains more than offset the weak current month. Economists surveyed surveyed by Briefing.com had projected the economy would add...
Saturday Night Quarterback says, For the week ahead expect…
... economic news. Lot of economic news. It is the beginning of the month after all so we're due for all the data dumps from September. We get the Institute for Supply for Management's Purchasing Managers Index for Manufacturing (on Monday) Â and Services (on...
Good August jobs number cements Federal Reserve interest rate increase in September (and probably December)
The U.S. economy added a net 201,000 jobs in August. That was above the projection of 187,000 from economists surveyed by Briefing.com. Government statisticians revised the July job gains to 170,000 from 153,000. The official unemployment rate remained at 3.9%. So why...
Saturday Night Quarterback says (on a Sunday) for the week ahead expect…
...a two potentially market-moving announcements on trade and one on jobs. On Wednesday, September 5, the government will report the trade deficit for July. At some moments, this wouldn't be a market-moving number, but right now with the Trump administration arguing...
Don’t make too much of the headline miss on jobs–U.S. economy adds average of 224,000 jobs in past three months
This morning the Bureau of Labor Statistics reported that the U.S. economy added 157,000 jobs in July. That was significantly below the 190,000 economists surveyed by Briefing.com had predicted. But before you panic, please note that the government's statisticians...
The good news in the bad news of today’s jobs numbers
You 've got to remember that at this point in the Federal Reserve cycle good is bad and bad is good. So, by itself the good news in the June jobs report this morning would be counted as bad news. The economy added 213,000 jobs in June, well above the 195,000 projected...Jim’s Stock Alerts
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