The ADP report comes out on the first Wednesday of each month and sometimes is considered a barometer for each Friday’s unemployment report from the Labor Department. If May’s reading from ADP is really…
Homebuilder PulteGroup Inc. (NYSE: PHM) employed more than 13,000 people at the end of 2005. The company now employs less than 4,800, and that number is set to fall again, but as many as…
The data on weekly jobless claims from the Labor Department fell by 44,000 in the last week to 434,000. We had expectations of about 430,000 for the week. Sadly, the already negative reading of…
The Labor Department just gave the markets and the economy some good news and bad news in its employment data this morning. The headline data will look bad as unemployment rose, but that might be…
The Labor Department has given us the last bit of data ahead of tomorrow’s unemployment data with the release of the Weekly Jobless Claims. It is a disaster and this will change the “non-Farm…
Having a Ben Bernanke press conference immediately after the FOMC meeting where rates were kept at zero in Fed Funds is one thing, but the weakness and the implied economic downgrade is getting a…
In February, the Equal Employment Opportunity Commission held a public hearing to investigate whether employers are unfairly denying jobs to unemployed applicants. Though the issue was widely covered in the press and resulted in…
Unemployment rates have improved rapidly in the industrial Midwest, although it is a matter of conjecture about why this is true. March unemployment in Michigan went to 10.3% this year from 13.3% in the…
This morning we had two key economic readings, and the trend is for higher prices and a re-weakening of the employment situation. The Labor Department released weekly jobless claims for the last week and…
Staffmark Holdings, Inc. has filed to come public via an Initial Public Offering. The staffing services provider plans to sell up to $125 million in an equity offering. The plans to list on the New…
We got another drop in the weekly jobless claims in this last week from the U.S. Labor Department but the move is not going to be enough considering that the move was small and…
The unemployment rate rose so fast in 2008 and 2009 that in some months the US lost more than 500,000 jobs. That trend has only begun to reverse itself this year, and the progress…
The US Labor Department has just released the March unemployment data and the figures around the change in non-Farm Payrolls. The unemployment rate was listed as 8.8% on a official basis and the change…
Weekly jobless claims from the US Labor Department are not likely to have much market impact this morning despite the pending unemployment report for March due Friday morning. The weekly claims will look like…
The good news from the US Department of Labor is that the old floor of 400,000 in weekly jobless claims may now be acting as a bit of a ceiling in the jobless claims…