November Jobs Report Shows Strong Rebound, Mixed Economic Signals Amid the turbulence resulting from the hurricane-related economic disruption in October, which caused payroll growth to plummet to an alarmingly low 12,000—the most subdued level in years—there was a palpable sense of anticipation for a vigorous recovery in November. Market par...
This past week in the US stock market saw significant volatility due to a busy schedule of earnings reports and economic data releases Major indexes generally trended lower with T Rowe Price traders describing the week as exceptionally active on both economic macro and earnings micro fronts Early in the week the Nasdaq Composite and S&P MidCap ...
Job Growth Disappoints with Public Sector Gains as Private Jobs Fall Only 12,000 jobs were created this month, and all were in the public sector, with private payrolls dropping by 28,000. This brings up questions about the role that hurricanes might have played in these numbers. Admittedly, this falls outside my expertise on non-farm payrolls...
Surge in Government Job Openings While Private Sector Declines Following two months of significant drops in job openings, the Biden administration's Department of Labor announced a surprising increase in May. Job openings rose by 221,000, reaching 8.140 million, surpassing the forecast of 7.950 million. This came after April's figures were re...
US Job Growth Plunges: Biggest Miss Since 2021 Prior to today's release of the payrolls report, our earlier analysis anticipated a slowdown, questioning its magnitude. We also speculated whether Yellen had disclosed a weaker figure to Japan before their interventions this week, aiming to avoid unnecessary capital loss. The Bureau of Labor Sta...
March Job Surge: 303K New Jobs Added, Unemployment Drops to 3.8% March saw a surge in job creation, surpassing expectations with the addition of 303,000 jobs, which tied for the highest since January 2023. Despite predictions of a weaker job market, the influx of immigrants contributed to the stronger payroll numbers. The unemployment r...
US Job Openings Remain Steady, BLS Reports Following significant drops in job openings in the United States towards the end of 2023, economists initially praised themselves for accurately predicting a smooth economic transition and anticipated Federal Reserve rate cuts. However, this optimism was short-lived as job openings unexpectedly surge...