Disappointing jobs numbers suggest a U.S. economy paralyzed by uncertainty
U.S. payrolls grew by just 88,000 workers in March, the Labor Department reported this morning. That was the smallest gain in nine months.
The market is nervous ahead if Friday’s jobs report for March
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...Unemployment rates in the EuroZone continue to rise: How long before that disrupts budget deals from Greece to Spain?
Unemployment data from Eurostat, the European Union’s statistics office, argue that the EuroZone debt crisis isn’t going away anytime soon no matter how the details are rearranged. Unemployment in the EuroZone climbed to a record 12% in February. That’s up from 10.9% in February 2012. In the wider European Union, the unemployment rate climbed to 10.9% from 10.2% in February 2012.
Stocks shrug off better than expected jobs numbers for February
The most important thing to note about this morning’s jobs numbers for February is the lack of a stock market reaction. As of 12:45 p.m. New York time, the Standard & Poor’s 500 stock index was up 0.16% and the Dow Jones Industrial Average was up 0.24%
Waiting for Mario and Haruhiko and ….
Waiting. That’s what the global financial markets are doing this morning. Waiting on Friday’s job numbers in the United States. On tomorrow’s meeting of the ECB. On next weeks vote on a new head for the Bank of Japan
The big numbers this week? U.S. employment figures on Friday
Although Friday’s U.S. unemployment figures won’t have anything to do with the sequester and its $85 billion in cuts that went into effect on Friday, investors will be studying the numbers with that event in mind and looking for any signs that the economy was/is/will be slowing.
Government spending went off the cliff in the fourth quarter, but GDP figures say the private economy is in decent shape
Well, now we know how much the fiscal cliff crisis hurt the economy in the fourth quarter. Figures released today, January 30, showed that the U.S. economy contracted in the fourth quarter of 2012 with U.S. GDP falling 0.1%.
Saturday Night Quarterback says, For the week ahead expect…
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Initial jobless claims surprise again–and S&P 500 climbs above 1500
This morning the department announced that initial claims for unemployment fell to 330,000 for the end ended January 19. That was a slight drop from 335,000 the prior week and the lowest level since January 2008. Economists surveyed by Briefing.com had expected initial claims to rise to 355,000.
Drop in initial claims for unemployment not as good as it seems
This morning the Labor Department announced that new applications for unemployment fell by 37,000 to 335,000 in the week ended January 12. That’s the lowest number since initial claims in the week ended January 19, 2008. Unfortunately, as a spokesman for the Bureau of Labor Statistics explained when the data was released, the improvement is likely to be a result of problems in adjusting the data for seasonal effects.
Job numbers inch upward but nothing here to make the Fed rethink QE
Slightly better than expected jobs numbers this morning. A gain of 155,000 jobs in December was ever so slightly above the 152,000 projected by economists surveyed by Bloomberg. The official unemployment rate for December was 7.8%, stable with the revised November level
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