Jobs numbers drop for September after hurricanes
It took three hurricanes to stall the momentum in the jobs market, but in the aftermath of Hurricanes Harvey, Irma, and Maria, in September the U.S. economy saw its first drop in the number of jobs since September 2010. This breaks the historic 83-month run of monthly expansion in the jobs market. That was the longest streak since the Bureau of Labor Statistics began its jobs survey in the 1930s.
Initial claims fall setting up positive surprise in September jobs report tomorrow?
Initial claims for unemployment fell by 12,000 to 260,000 for the week ended September 30. Economists survyed by Briefing.com had projected initial claims of 265,000 for the week. The initial claims total remained below the 300,000 level that economists use as a rule-of-thumb indicator for a healthy economy for the 135th straight week.
Market sinks; volatility climbs on strong economic news, D.C. chaos
The Standard & Poor’s 500 stock index closed down 1.54% today and the NASDAQ Composite fell 1.94%. Gold picked up 0.87%. The CBOE S&P 500 Volatility Index (VIX) broke above 15 again soaring 31.94% on the day. There was just too much for the markets to cope with today. On the fundamental front U.S. initial claims for unemployment dropped again in the last week
Stronger than expected July jobs report doesn’t change market thinking on interest rates
The U.S. economy added 209,000 jobs in July. Economists surveyed by Briefing.com were looking for 181,000 net new jobs in the month. Government statisticians revised the June jobs report up to 231.000 new jobs from 222,000. The official unemployment rate fell to 4.3% from 4.4% in June.
June jobs gains beat projections but where are the wage increases?
The U.S. economy added 222,000 jobs in June. That was a big increase from the 152,000 jobs added in May, which was itself an upward revision from the initially reported 138,000. (And remember how disappointing that was.) Economists surveyed by Briefing.com had expected the economy to add 173,000 jobs. The unemployment rate actually ticked higher in June to 4.4%
Jobs gain disappoints for May, but not by enough to deter Fed on June 14
On Friday, the government released the May jobs report: The U.S. economy added just 138,000 jobs, far less than the 180,000 expected by economists
Jobs report not too hot, not too cold
This morning the Bureau of Labor Statistics reported that the U.S. economy added just 98,000 jobs in March. That was the weakest gain since May 2015 and way under the 180,000 jobs expected by economists surveyed by Briefing.com and the 263,000 jobs added according to the private ADP Employment Situation Report on Wednesday. But…
Notes You Need for April 6: COST, natural gas, CHK, initial claims for unemployment
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Notes You Need for April 5: Oil inventories, ADP Jobs, S&P earnings, global oil traffic
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Strong February jobs report removes last doubt on Fed interest rate increase next week
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