Payrolls & Unemployment Holding Up Far Better Than Market Expectations
The Department of Labor has released the jobs data for the month of July and the number was far better than expected (if the data is real). If you have been watching the trading…
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Newest first · Page 86Jobless Claims Keep Weak Tone For Unemployment Data Hopes
Jobless Claims from the Labor Department are still too high. The jobless claims figure was down 1,000 to 400,000 on the nose. The prior week’s preliminary 398,000 was revised to 401,000, making that streak…
ADP Jobs Data Calls For Another Big Jobs Gain… Wrong Yet Again?
ADP is out with its monthly jobs report and this can still move the market. The problem is that the data can be opposite of the truth or just off the mark. Last month’s…
Finally, Weekly Jobless Claims Back Under 400,000
Weekly Jobless Claims from the U.S. Labor Department managed to break about a long streak of being back above 400,000. This week’s reading came in 398,000 versus a 425,000 estimate by Bloomberg. This morning’s…
Weekly Jobless Claims Heads Wrong Way from 400,000 Mark
The U.S. Labor Department has just turned in its report on weekly jobless claims and the most recent data shows another gain and another week above 400,000…. the new data is 418,000 versus a…
Unemployment & Payrolls Going The Wrong Way, Very Wrong Way!
The most recent job creation data from ADP was a total head-fake. The Labor Department has just released its June unemployment and jobs data, and it is dismal. The June unemployment rate has just…
Men Get Jobs, Women Lose Them
U.S. Labor Department data showed that, during the downturn, men lost jobs at a faster rate than women. There was never an entirely adequate explanation of the trend. Women do make only about 80%…
Non-Manufacturing ISM Craters
Challenger, Gray & Christmas remarked that layoffs moved higher in June. “The number of planned job cuts announced by U.S.-based employers increased by 4,297 or 11.6 percent to 41,432 in June.” The information was…
Weekly Jobless Claims Support QE2’s End As Immaterial
The data on the weekly jobless claims from the U.S. Labor Department is again supporting why the end of QE2 just doesn’t matter. The Labor Market remains tight and workers are getting fired at…
Weekly Jobless Claims Bring No Mercy
The weekly jobless claims just keep offering no real support to the labor market. Data released by the U.S. Labor Department showed that the weekly jobless claims rose again. The prior week’s figure of…
FOMC Downgrades GDP & Jobs Outlook, Partly Boosts Inflation Outlook
The FOMC already voted to keep rates at zero today, but now we have an economic outlook that has come out for what Ben Bernanke and friends see as the target economic data for…
Jobless Claims Improve, Still Above Red Line
The Labor Department has shown a slight improvement in the weekly jobless claims. The weekly reading fell by 16,000 to 414,000 and that 430,000 from the prior week was revised from the preliminary figure…
Weekly Jobless Claims Offer Little Hope of Employment
The weekly jobless claims data from the Labor Department is not getting off to the right start for June after we saw an uptick in the unemployment rate in May. Rather than contracting, the…
Unemployment & Payrolls: No Job Creation… Summer Doldrums Begin Early
The Labor Department has confirmed the ghastly jobs data that the ADP figures and the weekly jobless claims figures were indicating. The unemployment rate came in higher at 9.1% and the change in non-Farm…
Unemployment And Gas Prices
The May ADP numbers are awful, showing that the US economy added only 38,000 private sector employees. Public sector jobs are likely to fall as well as austerity measures at the federal, state, and…