Wall Street salivating over tomorrow’s official jobs report after strong ADP numbers
The ADP Research Institute report on private payrolls, released yesterday, showed a gain of 291,000 jobs in January. That blew away economist forecasts for 157,000 net new jobs in the month, according to Bloomberg’s survey of economists. The January gain would...
U.S. economy adds 145,000 jobs in December, misses economist forecasts
The U.S. economy added 145,000 jobs in December That did set a record of 10 years of job growth for the economy. But the 145,000 job growth in December was below the 256,000 added in November and below the 160,000 expected by economists surveyed by Bloomberg. (I would...
Surprise! U.S. economy adds 266,000 jobs in November; unemployment drops to 3.5%
The United States added 266,000 jobs in November and the official unemployment rate fell to 3.5%. The results were buoyed by the return to jobs of 41,300 General Motors workers after the settlement of that strike. But the November total was still impressively stronger...
“Odd” job numbers this morning for September but job market still strong
The economy added only 134,000 new jobs in September–probably a result of Hurricane Florence. But a huge revision to August and July job gains more than offset the weak current month. Economists surveyed surveyed by Briefing.com had projected the economy would...
U.S. economy adds 223,000 jobs in May; odds of June interest rate increase bounce back
The U.S. economy added 223,000 jobs in May, well ahead of the 190,000 gain expected by economists surveyed by Briefing.com Revised figures for April showed the economy adding slightly fewer jobs, a revised 159,000 new jobs versus an initial 164,000. The official...
U.S. stocks rally on good economic news and end of the quarter window dressing
U.S. stocks are up as of 1:30 p.m. today. The Dow Jones Industrial Average is ahead 0.95% and the Standard & Poor’s 500 stock index is up 1.08%. Two reasons for this, I think, and the second is more important today. First, we had a raft of positive economic...
Initial claims support belief in strong March job growth report
Initial claims for unemployment for the week ended March 10 fell by by 4,000 to 226,000. That was in-line with projections from economists surveyed by Briefing.com. This is the 158th consecutive week that new claims for unemployment have been below 300,000. The less...
Economy cooking along for now but what’s with the continued drop in productivity?
Positive economic data today–for the short term. But some troubling longer term trends continue. Â Initial claims for unemployment fell more than expected to 230,000 for the week ended January 27 versus expectations for 238,000 initial claims among economists...
December jobs report delivers mild disappointment
The U.S. economy added 148,000 net new jobs in December. Economists surveyed by Bloomberg had expected growth of 190,000 jobs. The Bureau of Labor Statistics also revised the November job growth to 252,000 from an initial 228,000. The official unemployment rate...
Jobs number strong but income growth disappoints
The U.S. economy added a net 228,000 jobs in November, the Labor Department reported this morning. Economists surveyed by Bloomberg were looking for a gain of 195,000. That kept the unemployment rate at 4.1%, the lowest since 2000. Disappointingly, however, average...
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...
Initial claims report good enough for June interest rate increase
Nothing in the weekly report on initial claims for unemployment to set the heart a twitter. But the numbers look good enough to keep the Federal Reserve on track for a 25 basis point interest rate increase at its June 14 meeting. Initial claims for the week ended May...
Initial claims for unemployment come in below forecast; leave Fed on track for June 14 interest rate increase
Initial claims for unemployment climbed by 1,000 go 234,000 in the week ended May 20, the Labor Department announced today. The 234,000 total was below the 238,000 forecast from economists surveyed by Bloomberg. The foiur-week moving average of new claims, fell to...
Economy and financial markets point in different directions ahead of Wednesday’s Fed meeting
Pity the poor Federal Reserve. In making decisions about interest rates–in this case about whether or not to raise interest rates at its June, July or September meetings–it has to consider the condition of both the real economy and the financial markets. And right now...
UK voters decide to leave European Union–What’s next (Part 1 short term effects)?
By a surprisingly large margin of 52% to 48% the United Kingdom voted to leave the European Union in Thursday’s Brexit referendum. Global financial markets plunged in a decline all the more dramatic because traders and investors had decided on Wednesday that the...U.S. manufacturing growth accelerates: Will job growth follow?
Growth in the manufacturing sector of the U.S. economy, which has led the economic recovery, actually accelerated in January according to the ISM Manufacturing Index released yesterday February 1. This survey of attitudes among purchasing managers climbed to 60.8 in...U.S. economy adds 103,000 jobs but that's below expectations
The U.S. economy just can’t manage to turn the corner on job growth. Yes, the data on non-farm payrolls released this morning by the Bureau of Labor Statistics shows continued growth in employment. But that growth continues to be very slow. Disappointingly slow. And...Bad news on jobs and from the Fed is not so much worse than the stock market was expecting
The government employment numbers were a slap in the face on Friday. But the market seemed unrattled. After way better than expected retail sales and pending home sales numbers, and an optimistic employment survey from ADP, the Bureau of Labor Statistics announced on...U.S. adds jobs in October but not enough to lower unemployment
Quantitative easing is working. Not only is it driving down interest rates, creating stock market rallies around the world and making whites whiter, but the $600 billion Treasury-buying spree announced by the Federal Reserve on November 3 produced greater than...September jobless numbers point to continued weak consumer spending
Disappointing job numbers on Friday, October 8. The government’s monthly payroll figures showed a decline of 95,000 jobs in September. That’s worse than the 57,000-job drop in August. According to Briefing.com, economists had expected the payroll number to be...Job losses are as bad as expected–and so already discounted by the stock market
The non-farm payroll and unemployment numbers this morning were pretty much the bad news the stock market has anticipated in its declines over the last few days. Payrolls fell by 125,000 in June. That was the first monthly decline this year and slightly worse than the...Another day, another bad number on employment
 Disappointing numbers from the payroll survey by ADP Employer Services will keep the market on edge today as Wall Street waits for official government data on initial claims for unemployment tomorrow and then on nonfarm payrolls and the unemployment rate on Friday....We've got a jobs creation crisis–and so far the U.S. is ignoring it
What’s the world’s scarcest commodity? Now, during and before the global financial and economic crisis. And for years—probably decades–to come. Jobs. Somehow in our rush to fix the stuff that went wrong and caused the financial crash and in our efforts to bring...Employment data fireworks to end this week
The Fourth of July fireworks come early this year. Although by the calendar, the Fourth isn’t until Sunday, the big explosive economic news gets delivered on Thursday and Friday. Thursday brings the possibility of a few ooohs, aaahs, and bangs with the report on...May jobs number is so bad it revives fears that the U.S. economic recovery will stall
The headline jobs number was a big disappointment. This morning, June 4, the Bureau of Labor Statistics reported that the U.S. economy added 431,000 jobs in May. The consensus among economists called for 500,000 jobs. And the disappointment only increased when Wall...Good news from the U.S. jobs number–although the stock market doesn't care
The U.S. economy keeps chugging along. It might even be picking up steam. (Not that the stock market is in any mood to listen today.) Nonfarm payrolls added 290,000 jobs in April, according to Department of Labor data released today, May 7. That’s well above the...Falling initial claims number raises hopes U.S. economy added jobs in April
The number of Americans filing claims for unemployment dropped last week, numbers announced by the Labor Department today show. That raised hopes that tomorrow’s employment number will show the economy added jobs in April. Economists are expecting that data to be...The recession is over so where's the cheering?
The recession ended today, Friday, April 30. At 8:30 a.m. to be precise. That’s when the U.S. Bureau of Economic Analysis announced that U.S. GDP had increased for the third straight quarter. After growing by 2.2% in the third quarter of 2009, and 5.6% in the fourth...We can count on this economic recovery–for the first half of 2010 anyway
The one disappointment in today’s jobs number was actually good news. In March the U.S. economy added 162,000 jobs, according to the U.S. Department of Labor. The number would have been even higher except that the government hired only 48,000 temporary census workers....Jim’s Daily Email Alerts:
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