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Private Employment Grows By 184,000 In March, Tops Expectations: 'Pay Is Heating Up'
Wednesday, April 3, 2024 - 8:45am | 416The pace of employment growth among U.S. private businesses exceeded expectations in March, signaling ongoing resilience in the job market. According to the most recent ADP National Employment Report, private employers expanded their workforce by 184,000 new jobs last month, up from 140,000 in...
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February Jobs Report Preview: Could Cooler Labor Market Boost Expectations For Interest Rate Cuts?
Thursday, March 7, 2024 - 11:22am | 571The Bureau of Labor Statistics (BLS) will unveil the latest jobs report for February this Friday. As a precursor to the BLS report, the Automatic Data Processing Inc. (ADP) released data this week showing a softer-than-expected private employment growth. In February, private employers added 140,...
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Mixed Fortunes For Tech Giants, Powell Signals No March Interest Rate Cut, Spectacular January Jobs Report: This Week In The Markets
Friday, February 2, 2024 - 5:07pm | 689Wall Street witnessed a stark contrast in tech earnings this week, as Alphabet Inc. (NASDAQ:GOOGL), Advanced Micro Devices Inc. (NASDAQ:AMD) and Apple Inc. (NASDAQ:AAPL) fell slightly short of expectations, while Meta Platforms Inc. (NASDAQ:META) and Amazon.com Inc. (NASDAQ:AMZN) outperformed,...
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January's 'Wow' Jobs Report: 9 Economists On What's Next For Fed Rate Cuts, Stock Market
Friday, February 2, 2024 - 12:40pm | 1214U.S. January jobs report defies expectations with strong growth in payrolls and wages, raising concerns over inflation and Fed's policy decisions. The January jobs report delivered a stunning testament to the enduring strength of the U.S. labor market, surpassing even the most optimistic forecasts...
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US Economy Adds 353,000 Payrolls In January: Monster Job Growth Well Above Expectations, Destroys Fed Rate Cut Bets
Friday, February 2, 2024 - 9:40am | 403The U.S. labor market showed surprising strength in January, adding far more jobs than economists anticipated and revealing a significant increase in wage growth. The jobs report, published Friday by the Bureau of Labor Statistics, includes the following data: Non-farm payrolls increased by 353,...
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December Jobs Report Topples Expectations: Robust Payroll, Wage Growth Jeopardize Fed's March Interest Rate Cut
Friday, January 5, 2024 - 9:40am | 423The pace of job growth in December surpassed economist predictions, suggesting that the strength of the U.S. labor market was more significant than originally anticipated, further bolstering the market’s belief that the economy could successfully achieve a soft landing. According to the...
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December Jobs Report Preview: Could Strong Labor Market Data Shift March Rate Cut Outlook?
Thursday, January 4, 2024 - 11:57am | 549As the new year begins, investors are eagerly awaiting the December U.S. labor market data, a key metric closely watched by the Federal Reserve alongside inflation. The report, due on Friday, Jan. 5, is pivotal in understanding the future direction of U.S. monetary policy. December Jobs Report:...
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Cooling Signs In US Job Market Raise Concerns Ahead of November Jobs Report: 'The Boost Is Behind Us'
Wednesday, December 6, 2023 - 11:51am | 554Signs of cooling in the U.S. labor market have begun to surface, leaving investors eagerly awaiting the official November jobs report set to release at 8:30 a.m. ET Friday. This pivotal report comes just ahead of the critical Federal Open Market Committee meeting next week, adding to the high...
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Hedge Funds Get Squeezed As Bond Bulls Roar Back On Fed's Dovish Tone
Monday, November 6, 2023 - 10:50am | 1001Hedge funds have been on the wrong side of the Treasury market, at least lately. According to Bloomberg, they extended their short positions on Treasuries to a record high just before smaller-than-expected U.S. bond sales and disappointing job data ignited a bond market rally. U.S. long-dated...
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US Labor Market Softening: October Nonfarm Payrolls Decline to 150,000, Below Wall Street Estimates
Friday, November 3, 2023 - 8:34am | 191The pace of job gains weakened more than anticipated in October, indicating a shift after the robust hiring momentum observed during summer months. U.S. employers added only 150,000 new non-farm payrolls last month, marking a significant slowdown from a downwardly revised figure of 297,000 in...
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October Jobs Report Expected To Show Dip — Here's How Markets May React
Thursday, November 2, 2023 - 12:50pm | 601Traders are eagerly anticipating the release of the October jobs market report, which is scheduled to be unveiled by the Bureau of Labor Statistics on Friday. This report is expected to provide valuable insights into the current state of the labor market, potentially affecting traders expectations...
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Shutdown Averted, Treasury Yields Flirt With 5%, Strong Payrolls Add to Fed Tightening Risk: The Week In The Markets
Friday, October 6, 2023 - 4:14pm | 1552A week filled with significant events impacting the markets culminated in an unexpectedly strong September jobs report. Government Shutdown Averted; House Ousts McCarthy: The U.S. Congress managed to avoid a dramatic government shutdown just hours before the midnight deadline Oct. 1 by passing a...
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Economists Reassess Fed's Next Moves After September's Stunning Job Numbers
Friday, October 6, 2023 - 12:03pm | 818The Bureau of Labor Statistics on Friday released a September jobs report that sharply exceeded expectations of the pace of employment growth, shaking up financial markets and prompting economists to reevaluate their interest rate outlook. Non-farm payrolls surged to 336,000, nearly double the...
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5 ETFs To Monitor When September Jobs Data Is Revealed On Friday
Thursday, October 5, 2023 - 6:02pm | 792The Bureau of Labor Statistics will release the highly-anticipated September jobs report on Friday at 8:30 a.m. ET. Among the data investors will scrutinize are the non-farm payrolls (NFPs), which serve as an indicator of the rate of new job creation during the month. This data point, along with...
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September Jobs Report Preview: Investors Brace For Key Data Ahead Of November Fed Meeting
Thursday, October 5, 2023 - 9:25am | 503All eyes are on the Bureau of Labor Statistics’ job market report for September, which will be released on Friday at 8:30 a.m. ET. This report will unveil the highly anticipated non-farm payrolls (NFPs) figure for last month, as well as updates on the unemployment rate and wage growth. It...