JOLTS

April’s better-than-expected job openings data hinted that businesses were looking past the tariff-induced tension. However, the Bureau of Labor Statistics (BLS) called it "little changed" as analysts assessed its impact on the stock market. What Happened: Job openings rose to 7.391 million...

The number of job openings for May came in higher than expected, according to data from the U.S. Bureau of Labor Statistics. There were 8.14 million job openings in May, according to the Job Openings and Labor Turnover Survey (JOLTS) released on Tuesday. That beat market expectations of 7.9 million...

To gain an edge, this is what you need to know today. New Economic Data Please click here for a chart of Invesco QQQ Trust Series 1 (NASDAQ: QQQ). Note the following: The chart shows tech stocks have fallen back into the support zone. RSI on the chart shows tech stocks are near oversold...

The number of job vacancies posted by U.S. private businesses in August rebounded significantly, signaling the continued resilience of the U.S. labor market. Job openings, as measured by the Bureau of Labor Statistics’ Job Openings and Labor Turnover Summary, surged by 690,000 compared to the...

The Employment Issue Lots of interesting news this week where we address these important questions: Is the labor market cooling as quickly as some believe? How long can housing prices continue to rise? Is the trend towards services spending and away from goods continuing? Will anyone be...

Headlines This Past Week NFP: The latest U.S. nonfarm payrolls report showed the unemployment rate ticked higher to 3.8% in August, reaching its highest level in more than a year. Economists had expected it to remain at 3.5%. In another sign of a slowing economy and easing pricing pressures,...

Recent economic data is encouraging but Citi’s Economic Surprise Index suggests that the trend could be changing: Markets Prices as of 4 pm EST, 8/29/23 Macro @macro_daily The labor market is showing signs of cooling. That's the message being sent by yesterday's JOLTs data...

To gain an edge, this is what you need to know today. Important Data Ahead Please click here for a chart of Invesco QQQ Trust Series 1 (NASDAQ: QQQ). Note the following: The chart shows that Nasdaq 100 has pulled back after touching the low band of the resistance zone. The chart shows...

Last week’s economic data release confirmed a slowdown and the market reacted negatively to the bad news this time around. Slowdown Is For Real: Multiple job market data came in softer than expected, with the Labor Department's "Job Openings and Labor Turnover Survey" throwing in...

U.S. markets witnessed a subdued performance this week so far as data releases have been pointing towards the possibility of the economy weakening going forward. For instance, on Wednesday the Institute for Supply Management (ISM) said its non-manufacturing PMI declined to 51.2 last month from 55.1...

As the Federal Reserve continues to grapple with historically high inflation, new data shows that wage growth may finally be headed lower after accelerating for nearly two years. What Happened: New data from employment platform Indeed's economic research lab shows that wages appear to be...

The Last Week In A Nutshell What Happened: “This is a subdued market. We have recovered from the shock, but there have been a lot of sectors not really participating that much on the upside,” said ARK Invest CEO and CIO Catherine Wood. Remember This: “2020 is a year that is...

The Past Week, In A Nutshell What Happened: Stocks closed the week higher after investors regained optimism regarding a sustained recovery. Remember This: “Earnings season has been very impressive so far, now you can couple that with the employment backdrop quickly improving as well. Not a...

Key Points: The optimism seen at the begging of the week faded with coronavirus-related headlines. Focus this Wednesday on the EU Commission Economic Growth Forecasts. EUR/USD retains a mildly positive technical stance in the short-term. The EUR/USD pair is finishing Tuesday a handful of pips...

Key Takeaways: Pause button pressed overnight as overseas stocks retreat Several Fed speakers scheduled today S&P 500’s streak of five-consecutive days of gains looks threatened (Tuesday Market Open) After starting the week with a long bomb, the market looks ready for a lateral today....