U.S. economy adds 321,000 net new jobs in November
I think it’s fair to call the November jobs numbers announced this morning a blow out. The economy created 321,000 net new jobs in November. That was way ahead of the 230,000 expected by economists
U.S. growth revised upwards to 3.9% in the third quarter, but wage growth cut in half on this estimate
I’ll take it but the upward revision in third quarter U.S. GDP growth to an annualized 3.9% from the prior estimate of 3.5% isn’t without its weakness. Economists surveyed by Bloomberg were looking for a downward revision to 3.3% growth
Bad economic news from Japan, EuroZone, and China today; U.S. remains only game in town
Yesterday’s release of the minutes from its October 29 meeting showed a Fed that was resolutely not talking about worries over slowing growth in overseas economies or volatility in overseas financial markets. Which is a good thing considering the bad news this morning on the economies of China, Japan, and the EuroZone
Is the slight dip in forecast margins at homebuilder DR Horton a sign that U.S. growth might slow in 2015?
Because the Federal Reserve has used low interest rates to drive a recovery in the housing sector in order to ignite the rest of the economy, the drop in forecast gross margins at homebuilder DR Horton caught my eye yesterday
Saturday Night Quarterback (from London where they don’t have quarterbacks) says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...U.S. economy shows more signs of strength
This morning the Purchasing Managers’ Index for the U.S. manufacturing sector surged to 59.0 for October. That reversed the drop from 59.0 in August to 56.6 in September. Economists surveyed by Briefing.com had expected a further decline to 56.2 in October. The 59.0 for October took the sector index back to a three-year high.
Now the markets worry about a slowdown in U.S. economic growth
U.S. stocks are down again this morning on fears of slowing economic growth. Today, however, the fears center on the U.S. rather than global economy. For September U.S. retail sales fell 0.3%
Today worries over slowing global growth are back–and the market is giving up some of yesterday’s rally
One day after U.S. stocks rallied on what the market heard as reassuring views from the U.S. central bank on economic growth in the United States and on when the Fed would begin to increase interest rates, U.S. stocks have today, October 9, reversed course.
The markets read the Fed minutes and decide they’ve heard what they needed to hear
The market read the Fed’s minutes to say that in September the Federal Reserve saw the U.S. economy as strong and likely to stay that way into 2015. At the same time, the markets heard the Fed express caution about raising U.S. interest rates soon. That’s a tough combination to hope for but the market thinks the Fed delivered
U.S. stocks are down again today on negative news from the global economy
Given the news today, it’s actually encouraging that although U.S. stock indexes opened lower but then have meandered near support.That said, there really is no reason that stocks shouldn’t have opened lower or that they shouldn’t drift downward for the short term
Jobs growth surprisingly strong but labor participation puzzle remains
There is no doubt that this jobs report is good news for the U.S. economy and for a global economy looking to the United States as the only growth engine in town. It certainly looks like the world can count on solid growth from the U.S. for the rest of 2014
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