November 3, 2023 | Daily JAM, Morning Briefing |
The U.S. economy added “only” 150,000 jobs in October, the Bureau of Labor Statistics announced this morning, November 3. Economists had projected that the economy would add 180,000 jobs for the month. The unemployment rate climbed slightly to 3.9% from 3.8%, And the government statisticians revised September’s shocking 336,000 job increase the month down to 297,000 and revisions to the August and September totals took 101,000 jobs out of the totals for those to months. The Wall Street conclusion: The Fed has done its job and the economy has slowed.
October 1, 2023 | Daily JAM |
The September jobs report is expected to show that the U.S. economy added 168,000 nonfarm payroll jobs in September with the unemployment rate dropping to 3.7%.
July 3, 2023 | Daily JAM, Morning Briefing, Short Term |
I think the Friday, July 7, jobs report for June will be decisive in the Federal Reserve’s Jury 26 decision to raise/not-to-raise its benchmark interest rates. The CME FedWatch Tool current calculates the odds of a 25 basis point in create at 86.2%. The Bureau of Labor will release the Employment Situation Report on Friday. Economists are projecting that the economy added just 200,000 jobs in June. In May the economy added 339,000 jobs. Economists product that the unemployment rate will hold steady 3.7%.
February 4, 2022 | Daily JAM, Morning Briefing |
The U.S. economy added 467,000 jobs in January. The official unemployment rate ticked up slightly to 4% from 3.9% in December, as more people moved off the sidelines to enter the labor market. Over the past 12 months, the United States has added nearly 7 million jobs.
January 2, 2022 | Daily JAM, Morning Briefing, Short Term |
Everyone on Wall Street who manages more than a dime will be watching Friday’s release of the jobs report for December. Any hint of how the Delta and Omicron Variants have/will affect the economy will be gobbled up and turned into strategies for the next 10 to 12 weeks (until spring, that is.) Economists surveyed by Bloomberg expect that the economy added 400,000 jobs in December
December 30, 2021 | Daily JAM, Morning Briefing |
For the week ended December 25, U.S. workers filed 198,000 new claims for unemployment, a drop of 8,000 from the previous week and below the 206,000 initial claims expected by economists surveyed by Bloomberg. Continuing claims for unemployment for the week ended December 18 were 1.716 million against an expected 1.875 million. The continuing claims number was a pandemic low. Economists are now looking to a further drop in the official unemployment rate for December
November 12, 2021 | Uncategorized |
A record 4.4 million Americans quit their jobs in September. September’s “quit” numbers constituted 3% of the workforce, according to the Bureau of Labor Statistics. That’s up from the previous record set in August, when 4.3 million people quit their jobs — about 2.9% of the workforce.
October 8, 2021 | Daily JAM, Morning Briefing |
On paper, there was no way that the U.S. economy added less than 200,000 jobs in September–after a strong private payrolls number the previous day from ADP Research and with economists predicting 500,000 jobs or more. But this morning’s report from the Labor Department said the September total was just 194,000. Non-farm payrolls were expected to pick up from August’s weaker than expected 235,000, but instead September’s total showed the job market expanding at an even slower pace–although this morning’s report revised the August total to 366,000 and raised the July total up 38,000 to 1.091 million.
June 30, 2021 | Daily JAM, Morning Briefing |
Private payrolls rose more than expected in June, ADP reported this morning, with a gain of 692,000 jobs. Economists surveyed by Bloomberg were looking for a gain of 600,000 jobs. The figure was a drop from the 886,000 jobs aded by private employers in May. The biggest gains came, again, in the service sector.
May 7, 2021 | Daily JAM, Morning Briefing |
The U.S. economy added just 266,000 jobs in April, far fewer than the 1 million economists surveyed by Bloomberg had expected, the Labor Department reported this morning. The unemployment rate rose to 6.1% in April from 6.0% in March
February 11, 2021 | Daily JAM, Mid Term, Morning Briefing |
In a speech on Wednesday, Federal Reserve chair Jerome H. Powell said that the unemployment rate in January was close to 10%, not the 6.3% rate reported by the Labor Department last week.
February 5, 2021 | Daily JAM, Morning Briefing |
The U.S. economy gave new signs that the recovery has stalled. Today, February 5, the Bureau of Labor Statistics reported that the U.S. economy added just 49,000 jobs in January. Economists surveyed by Bloomberg had expected the economy to add 100,000 jobs in the month. The government statisticians also revised downward the jobs performance of the economy November and December. In December the revised figures say, the economy lost 227,000 jobs rather than the initially reported 140,000. In November the economy created 72,000 fewer jobs than first reported.
