Posts Tagged ‘labor department’
December 10th, 2009
(Michael Schwartz) - Could November go down in history as a major turning point in the U.S. economy?
The shocking (in a positive way) unemployment report released last Friday by the Labor Department showed the economy lost only 11,000 jobs in November. The markets were bracing for a number well in excess of 100,000, according to CNBC. On top of that, revisions to the previous two months showed 159,000 fewer jobs were lost than initially reported. And, to complete the trifecta, the unemployment rate dropped to 10.0% in November, down from 10.2% in October. On the surface, this is extremely good news for the economy as it suggests the economy is healing nicely.
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Tags: asset classes, benefit, cnbc, economy, fewer jobs, gold prices, interest rates, interrelationship, investors, labor department, last friday, major turning point, relationships, revisions, stock market, trifecta, unemployment news, unemployment rate, unemployment report, Wall Street
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December 3rd, 2009
(Michael Schwartz) - Two steps forward, one step back might be an appropriate description of the financial markets these days.
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Tags: association of realtors, commerce department, economists, existing home sales, financial markets, labor department, national association of realtors, new home sales, stock market, two steps, unemployment benefits, week ending november
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September 28th, 2009
(Lee Siler) - Stocks are looking to trade higher after a week that saw the major averages lose about 2.5%. Housing and manufacturing data pushed stocks lower last week even though we did see some decent jobs numbers.
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Tags: consumer confidence, economic data, gauge, jewish holiday, jobs, labor department, lows, new position, risk tolerance, slew, stocks
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September 17th, 2009
(Lee Siler) - Stocks rallied big yesterday, as Wall Street is still buzzing about Fed Chairman Ben Bernanke's comments. The Fed chief announced that this recession is "likely" over. Recent economic data has suggested that the economy is stabilizing, but the question is how much growth we can expect in the short-term? The good news is at least the economy should not contract any further.
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Tags: ben bernanke, economic data, economy, fed chairman, fed chief, few days, investors, jobless recovery, jobs, labor department, money managers, pullback, rally, rebound, recession, stocks, Wall Street, weekly jobless claims
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September 4th, 2009
(Lee Siler) - Yesterday, the market broke a four-day losing streak, as Wall Street was waiting for this morning's jobs report. Despite much speculation, the Labor Department reported that unemployment rose to 9.7% compared to an estimate of 9.5%. However, the news wasn't all bad, as U.S. employers cut a fewer-than-expected 216,000 jobs. The hike in the unemployment rate came from revisions the Labor Department did for June and July.
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Tags: downside, economy, holiday weekend, investors, jobless rate, jobs, labor day, labor day weekend, labor department, losing streak, recession, revisions, risk, speculation, stock futures, unemployment rate, Wall Street
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July 30th, 2009
(Lee Siler) - Markets will try to rally this morning on positive earnings and unemployment data. The Labor Department reported that the number of Americans collecting unemployment benefits unexpectedly dropped last week to 6.2 million. Economists had been expecting 6.3 million.
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Tags: alcatel, alcatel lucent, collecting unemployment benefits, dow component, earnings, economists, futures, general electric, Goldman Sachs, labor department, losers, lucent, merger, motorola, price target, profits, unemployment data
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June 25th, 2009
(Lee Siler) - As the market continued to lack direction, the Federal Reserve announced that interest rates would be left alone for the foreseeable future. With the economy still at risk of a more significant downturn, monetary policy will remain status quot.
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Tags: commerce department, current market, downside, downturn, economic data, economists, economy, federal reserve, first quarter, foreseeable future, gross domestic product, interest rates, jobless claims, labor department, monetary policy, pace, risk, stocks, unemployment rate
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June 3rd, 2009
(Lee Siler) - The market treaded water yesterday, but is selling off this morning. The ADP National Employment Report, which is a number that has been monitored lately, showed a decrease in jobs by 532,000. This was slightly less than expected, but still very negative none-the-less. Investors will be looking for the Labor Department's report on Friday, which will be crucial to the sentiment of the economy.
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Tags: critical resistance, dow jones, dow jones industrial, economy, employment report, investors, jobs, labor department, medical products, money, national employment, resistance level, sentiment, stocks
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