Notes You Need for April 13: China exports, initial claims for unemployment, North Korea birthday nuclear test, bets on French election, iron ore, Argentina upgrade, venture capital, XLNX
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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 March 30: Initial claims for unemployment, GDP revised upwards, natural gas inventories, drilled but uncompleted well backlog, uncompetitive coal, Brexit job losses
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...Notes You Need for January 19: OPEC, unemployment, China GDP, oil and natural gas inventories, PFE, strong dollar and earnings, Brexit job losses
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...
Economy adds 161,000 jobs in October, September total revised upwards to 191,000; Fed on course for December interest rate increase
The U.S. economy added 161,000 jobs in October and the Bureau of Labor Statistics revised the September job total upwards to 191,000. The original September report put the month’s job gains at 156,000. Economists surveyed by Bloomberg were expecting the economy to add 173,000 jobs in October.
Weaker than expected August jobs growth lowers odds on September interest rate move by the Fed
Take a Federal Reserve interest rate increase at the central bank’s September 21 meeting off the books. Today, the Labor Department reported that the U.S. economy added only 151,000 net new jobs in August. Economists surveyed by Bloomberg had forecast the addition of 180,000 jobs.
U.S. economy added 255,000 jobs in July
The U.S. economy added 255,000 net new jobs in July, the Bureau of Labor Statistics reported this morning. The government revised June’s jobs total upwards to 292,000. The headline unemployment rate remained at 4.9% as workers on the sidelines re-entered the labor market. The full unemployment rate, which counts discouraged workers no longer looking for a job and part-time workers who would prefer a full-time job ticked upwards to a seasonally adjusted 9.7%
Ignore the volatility in monthly jobs numbers: Today’s blowout 287,000 jobs for June puts the average about where it should be for this economy
At the same time as government statisticians announced the creation of 287,000 jobs in June, they also revised May’s already shockingly weak 38,000 job figure down to just 11,000. That leaves us looking at a swing from 11,000 to 287,000– or 276,000 jobs in a month. An $18 trillion economy just doesn’t move that fast. So somewhere in the month to month data there’s likely to be a statistical glitch.
Much better than expected initial claims for unemployment report leads markets to “pause to consider”
The financial markets have stalled today with some minor pullback as investors and traders try to figure out what this morning’s better than predicted report on initial claims for unemployment means in the context of the worse than expected report of just 38,000 jobs created in May
Another indicator of modest U.S. economic strength from today’s initial claims numbers
Forecasts that the U.S. is headed into recession took another lump from the economic data with today’s release of the showing that initial claims for unemployment fell by 7,000
Dip in initial claims for unemployment supports Fed’s case that jobs market is improving
Initial jobless claims fell modestly in the week ended on November 14 to 271,000 from 276,000 in the prior week. That kept the initial claims number near forty-year lows
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