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Another Jobs Shocker: Unemployment Rate Plunges To Lowest Level Since September 2008
Friday, May 2, 2014 - 8:54am | 404The first post-polar vortex jobs report has been released and it was a shocker – in a good way. The Bureau of Labor Statistics reported that Nonfarm Payrolls, which is one of the most closely followed gauges regarding the state of the economy, increased by 288K in the month of April. The...
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Stocks Higher, But Dollar Indecisive After Retail Sales Release
Tuesday, January 14, 2014 - 5:26pm | 435The U.S. dollar was pressured lower on Friday, after U.S. Bureau of Labor Statistics reported a gain of 74,000 nonfarm jobs, the smallest increase in three years. Analysts had expected an incease of 196,000. A decline in labor force participation cast a shadow on news that the December U.S....
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Should Corporate Income Tax In The U.S. Be Abolished?
Tuesday, January 14, 2014 - 4:07pm | 770As with any controversial topic, the question of corporate incomes taxes – whether to impose them or not - has two sides. In a January 5 OpEd in The New York Times, Boston University economics professor, Laurence Kotlikoff took the “dump them” side. According to Kotlikoff, eliminating or...
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Sterling Rebounds After Positive UK Employment Data and BOE Governor Carney Comments
Wednesday, November 13, 2013 - 11:59am | 632U.K. Inflation Soft GBP/USD fell to trade at its lowest levels since September 13 yesterday, after CPI data missed expectations. The U.K. Office of National Statistics showed that consumer price inflation slowed to the lowest level since September 2012 last month. U.K. year over year CPI came...
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Gold Extends Sell-off as Tapering Speculation Rises
Monday, November 11, 2013 - 10:58am | 381Gold futures fell to the lowest levels since October 16 in Monday's trading, after a stronger than expected non farm payrolls report from the Bureau of Labor Statistics (BLS) showed robust growth in the number of new jobs created in the United States. The BLS reported on Friday that employers...
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Shutdown May Sideline Monthly Jobless Report
Tuesday, October 1, 2013 - 1:03pm | 432With the government shutdown underway Tuesday, one of the biggest market movers each month may not be moving any markets in the near future. The monthly jobless report is scheduled to be released Friday, but a memo from the Bureau of Labor Statistics to the Office of the Solicitor suggests that...
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Former CEO Of General Electric Jack Welch Lets It All Out
Tuesday, June 11, 2013 - 11:55am | 534Jack Welch, former CEO of General Electric (NYSE: GE) and founder of the Jack Welch Management Institute, went on CNBC's Squawk Box Tuesday morning to seemingly give his opinion on everything in his scope. Welch started off by expressing that Edward Snowden, now famous for unveiling classified...
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Non-Farm Payrolls Beat Expectations But Unemployment Rate Ticks Up Unexpectedly as Labor Force Grows
Friday, June 7, 2013 - 9:08am | 453Total nonfarm payroll employment increased by 175 thousand in May, and the unemployment rate was essentially unchanged at 7.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in professional and business services, food services and drinking places, and retail trade....
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How To Prepare for Potential Unemployment
Monday, June 3, 2013 - 11:22am | 514The unemployment rate has dipped to a 4.5 year low of 7.5 percent, based on the April figures released by the Bureau of Labor Statistics (BLS). However, the United States, like much of the world, has yet to fully recover from the Great Recession that traces its earliest ties to the summer of 2007...
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Jobless Claims Unexpectedly Drop by 18,000 to 324,000
Thursday, May 2, 2013 - 9:32am | 556In some good news for the economy, weekly jobless claims took a big drop. In the week ending April 27, the advance figure for seasonally adjusted initial claims was 324,000, a decrease of 18,000 from the previous week's revised figure of 342,000. These are the lowest number of claims since...
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Non-Farm Payrolls Rise Slightly In December, Unemployment Rate Flat
Friday, January 4, 2013 - 10:01am | 680Non-Farm Payrolls were reported at 155,000 jobs added in December as job growth continued to improve at a lackluster rate. Economists had been expecting a gain of 150,000 jobs in the month, more than the 146,000 jobs added in November. Also, the unemployment rate was flat in December at 7.8 percent...
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Bernanke Discusses Fixing the Housing Market
Wednesday, February 29, 2012 - 2:51pm | 213Congressman Keith Ellison discussed the distressed housing market with Federal Reserve Chairman Ben Bernanke today during Bernanke's testimony before Congress. Congressman Ellison noted that the poor housing market wasn't only hurting the economy because of the loss of construction jobs but that...
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Bernanke Comments on Merits of Balanced Budget Amendment and Unemployment Stats
Wednesday, February 29, 2012 - 1:43pm | 219Federal Reserve Chairman Ben Bernanke was testifying before Congress today when Republican Congressman Steve Stivers of Ohio asked him to share his thoughts on using a balanced budget amendment to reduce America's fiscal deficit. Although Chairman Bernanke usually doesn't like to comment on the...