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August Job Creation Tops Forecasts, But Unemployment Ticks Higher, Wage Growth Slows
Friday, September 1, 2023 - 8:36am | 586The August jobs report released by the Bureau of Labor Statistics on Friday indicated a mixed picture for the U.S. labor market, as job creation exceeded expectations, but simultaneously, the unemployment rate inched upward and wage growth moderated more than expected. Non-Farm Payrolls Exceed...
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August Jobs Report Set To Move Markets: A Turning Point For Fed Policy?
Thursday, August 31, 2023 - 12:35pm | 603After a week packed with economic updates, the most eagerly awaited report is slated for release this Friday at 8:30 a.m. ET. We’re talking about the Bureau of Labor Statistics’ August jobs report, which measures monthly changes in employment growth, unemployment rate, and pay dynamics...
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8 Economic Indicators To Watch This Week For Clues On Fed's Next Move
Monday, August 28, 2023 - 3:06pm | 840If investors hoped that the recent Jackson Hole symposium would clarify the Fed’s direction on interest rates, it appears to have only added more ambiguity to the market. Fed Chair Jerome Powell‘s speech carried both hawkish and dovish undertones. He asserted the Fed’s...
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Labor Market's True Strength Under Microscope: Analyst Expects 500,000 Fewer Payrolls Wednesday
Tuesday, August 22, 2023 - 3:21pm | 488The Bureau of Labor Statistics is set to release the preliminary estimate of the upcoming annual benchmark revision to payroll data on Wednesday. The benchmark revision aligns jobs data with the precise Quarterly Census of Employment and Wages (QCEW), derived from state unemployment insurance...
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5 Top Economists React To July's Job Data: Insights On Labor Market Slowdown And Its Impact On Fed Policy
Friday, August 4, 2023 - 1:02pm | 734The July performance of the U.S. labor market has caught the attention of economists as they evaluate its implications for the Federal Reserve’s future actions. Non-farm payrolls showed a gain of 187,000 jobs in July, falling short of the expected 200,000, while June’s figure was...
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Investors Cheer Jobs Report: Why Are These 5 Stocks And 5 ETFs Shining On Friday?
Friday, August 4, 2023 - 11:06am | 748The July jobs report issued Friday delivered mixed takeaways for the market, although it confirmed an overall healthy U.S. labor market. On one hand, the pace of nonfarm payrolls growth fell short of forecasts in July, with 187,000 jobs gained compared to the expected 200,000. On the other hand,...
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Hot On The Market: 5 ETFs In The Spotlight As Key Jobs Data Unfolds This Week
Tuesday, August 1, 2023 - 4:27pm | 756The July labor market report takes center stage this week. Investors and markets brace for significant economic releases that will influence future Federal Reserve rate decisions. Tuesday provided a glimpse at a decrease in the number of job vacancies throughout June. Wednesday’s ADP...
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June Jobs Report Preview: Strong Employment Momentum Hints At Upside Surprise In Nonfarm Payrolls Data
Thursday, July 6, 2023 - 3:35pm | 733With Friday on the horizon, investors are eagerly anticipating the Bureau of Labor Statistics’ job market report for June. This report will reveal crucial data points, including the non-farm payrolls (NFPs), hourly wage growth, and the unemployment rate, providing a key snapshot of the...
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ADP Job Growth Soars By 500K, Jobless Claims Tick Higher: Traders Raise Fed Hike Bets
Thursday, July 6, 2023 - 8:54am | 1043The U.S. job market has been tight for a very long time and continues to show no indications of cooling down. In June, U.S. private employers added 497,000 jobs, a sharp increase from the revised lower 267,000 jobs added in May and massively beating expectations of 228,000, according to the ADP...
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EUR/USD Recovers Amid U.S. Debt And Employment Shifts
Tuesday, June 6, 2023 - 11:15am | 453By RoboForex Analytical Department The most heavily traded currency pair, EUR/USD, experienced a rebound to 1.0720 following a significant downturn. The concerns about U.S. public debt subsided after the proposal to increase the debt limit was endorsed first by the House of Representatives,...
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Which Industries Are Hiring The Most/Least Right Now - What May Jobs Data Shows
Friday, June 2, 2023 - 11:10am | 508The latest U.S. labor market report showed a remarkable rise in non-farm payrolls in May, with a surprising gain of 339,000. This marks the strongest pace of employment growth since January 2023. This surprising jump also bucked projections of a decline in job growth to 180-190,000...
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US Labor Market On Fire: May Jobs Data Reveals Employment Boom, Steady Wage Growth, Putting The Fed On The Fence
Friday, June 2, 2023 - 8:48am | 588The U.S. labor market is hot and continues to show tight conditions, posing a difficult dilemma for the Federal Reserve regarding whether to raise interest rates further or hit the pause button. Nonfarm payrolls increased by 339,000 in May, far exceeding economists' expectations of 190,000 and...
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May Jobs Data Preview: Could Another Hot Jobs Report Influence Fed's Next Actions?
Thursday, June 1, 2023 - 5:08pm | 711The Bureau of Labor Statistics' much anticipated U.S. labor market report is due to be issued on Friday, attracting major interest from investors who are keenly tracking nonfarm payrolls (NFPs), the unemployment rate and average hourly earnings numbers. These data points are very important...
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Booming ADP Employment, Stable Unemployment Claims Set Stage For Friday's Key May Jobs Report
Thursday, June 1, 2023 - 8:46am | 625The American labor market continues to demonstrate its strength, with the ADP reporting Thursday a notable and better-than-expected surge in private employment in May. Concurrently, the Department of Labor signaled a lower-than-anticipated rise in unemployment claims last week, further...
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Strong Non-Farm Payrolls Ahead? Expect Aggressive Fed Rate Hikes, Macro Wiz Says
Wednesday, May 31, 2023 - 12:56pm | 525Investors are eagerly anticipating the release of the non-farm payrolls, unemployment rate and salary growth figures this Friday, which are expected to be the key economic readings of the week. Rate-sensitive assets are expected to exhibit heightened volatility in response to any...