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Economy

“Weekly jobless claims fall to 233,000, less than expected, in a positive sign for labor market”

“…First-time filings for jobless benefits came to a seasonally adjusted 233,000 for the week, a decline of 17,000 from the previous week’s upwardly revised level and lower than the Dow Jones estimate for 240,000, the Labor Department said Thursday. The report comes… Continue Reading…

Economy

“Recession Odds Climb to 25% After Weak Jobs Number, Goldman Sachs Says”

https://www.barrons.com/articles/fed-goldman-recession-rates-16bf36fc Article is behind a paywall so I’ll make a few comments instead. First of all we are already in a recession. The government altered the definition in order to avoid stating the obvious. Second, by the time mainstream media… Continue Reading…

Real Estate

“Mortgage rates plunge to the lowest level in more than a year after weak employment report” [Aug 2 2024]

“The average rate on the popular 30-year fixed mortgage dropped 22 basis points to 6.4% Friday, according to Mortgage News Daily. That is the lowest rate since April 2023. The 15-year fixed rate fell to 5.89%, its lowest level since early May… Continue Reading…

Economy

“U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%”

“… …” https://www.cnbc.com/2024/05/03/jobs-report-april-2024-us-job-growth-totaled-175000-in-april.html

Economy

“U.S. payrolls increased by 216,000 in December, much better than expected”

“…December’s jobs report showed employers added 216,000 positions for the month while the unemployment rate held at 3.7%. Payroll growth showed a sizeable gain from November’s downwardly revised 173,000. October also was revised lower, to 105,000 from 150,000, indicating a slightly less… Continue Reading…

Economy

“Payrolls increased by 336,000 in September, much more than expected”

“Job growth was stronger than expected in September, a sign that the U.S. economy is hanging tough despite higher interest rates, labor strife and dysfunction in Washington. Nonfarm payrolls increased by 336,000 for the month, better than the Dow Jones… Continue Reading…

Economy

“U.S. job openings, quits hit record highs in April”

“Job openings, a measure of labor demand, increased by 998,000 to 9.3 million on the last day of April, the highest level since the series began in December 2000. Vacancies rose in all four regions and were spread across nearly… Continue Reading…

Economy

“Layoffs Are Just Starting, and the Forecasts Are Bleak”

“Marriott International, the hotel operator, said Tuesday that it would begin furloughing tens of thousands of employees worldwide. Restaurants, coffee shops, gyms and other small businesses have begun laying off workers outright. On Monday, a flood of inquiries from newly… Continue Reading…

Economy

“Strong U.S. Hiring Rebound…” Tops All Estimates

“The American jobs engine revived in June as hiring topped all economists’ estimates… Nonfarm payrolls climbed a solid 224,000 last month… a Labor Department report showed Friday. At the same time, the jobless rate ticked up to 3.7% from a… Continue Reading…