The latest nonfarm payrolls data showed the US economy added 280,000 jobs in May, which reassures investors that the jobs trend is clearly above 200,000 gains per month, said Jan Hatzius, chief economist at Goldman Sachs. There was some doubt after March’s very weak employment report – the economy added only 85,000 jobs for the month, before the upward revision …
Markets Mixed As Investors Await Jobs Report On Friday
[Chart courtesy of MarketWatch.com] 1. Moving The Markets The S&P 500 ended nearly flat on Thursday as investors anxiously await Friday’s jobs report, though some gains in Internet shares helped lift the Nasdaq to positive territory late in the day. The anticipated (April) jobs report, which is expected to show that U.S. employment rose at its fastest pace in five …
One Man’s Opinion: Are The US Jobs Data Discouraging?
The latest nonfarm payroll report shows the US economy created 88,000 jobs in March following a revised 268,000 gain in February though the jobless rate slumped to a four-year low of 7.6 percent due to a decline in the size of the labor force and participation rate. The labor force participation rate and the number of people leaving the workforce …
ETF/No Load Fund Tracker Newsletter For Friday, January 4, 2013
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2013/01/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-01032013/ ———————————————————— Market Commentary Friday, January 4, 2013 S&P 500 ENDS WEEK AT HIGHEST LEVEL SINCE 2007; EUROPE RISES ON US JOBS DATA US stocks closed higher Friday with the S&P 500 index rising to its highest closing level since December 2007 after data showed …
Can Jobs Data Be Better?
The latest employment data is significant and insightful, believes Mohamed El-Erian, chief executive officer and co-chief investment officer at the $1.8 trillion Pacific Investment Management Co. The report reveals three important developments. First, 171,000 new jobs were created because of two important events; the housing sector stabilizing and better consumer confidence. The second important but less encouraging development; businesses remain …
April Jobs Data Disappoints; Time For Another Round Of QE?
The Friday US jobs numbers disappointed big time. Does this mean the Fed will initiate another round of Quantitative Easing? According to Tom Porcelli, Chief US Economist at RBC Capital Markets, this job number alone is unlikely push the Fed to the edge. Ben Bernanke has made it clear that the Fed would prefer not to initiate another round of …