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August Jobs Report Horrible, Futures Plunging
Friday, September 2, 2011 - 8:32am | 56The August Nonfarm Payroll report came in unchanged, versus estimates of 70,000 jobs to be created during the month. June and July were revised down a total of 58,000 jobs. The unemployment rate came in at 9.1%. Futures are plunging sharply. Dow futures are off 140 points, NASDAQ futures are...
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Why Tomorrow May Be The Most Important Day For QE3
Thursday, September 1, 2011 - 2:38pm | 917Whether we get a third round of quantitative easing or not remains to be seen, but tomorrow could be the most important day in having a say yes or no. Tomorrow is the August Nonfarm payrolls report, to be released at 8:30 a.m. There is a wide range of consensus estimates for the numbers of jobs...
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Morning In America, Again, The Redux
Friday, August 5, 2011 - 9:01am | 699We already had a "Morning in America" column a few months ago, but after today's nonfarm payrolls report, it looks like it is time for another one. The July nonfarm payrolls report just was just released, and it smashed expectations, coming in at 117,000. Economists had expected 84,000 jobs to be...
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Have No Fear, Warren's Here!
Friday, July 8, 2011 - 2:27pm | 167Berkshire Hathaway (NYSE: BRK-A) CEO Warren Buffett said this morning that employment in the U.S. will come back once residential housing construction comes back. Buffett went on Bloomberg this morning, and said that despite the weaker than expected June Nonfarm Payroll report, in which just 18,...
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Futures Plunging On Awful June Jobs Report
Friday, July 8, 2011 - 8:33am | 51The equity futures are plunging after an atrocious June jobs report. June nonfarm payrolls were up just 18,000, after economists expected a rise of 110,000. Private payrolls rose 57,000, versus estimates of 132,000. The unemployment rate rose to 9.2%. Dow futures are off 106 points, NASDAQ...
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Did The White House Just Leak A Strong June Jobs Report Early?
Friday, July 8, 2011 - 8:28am | 918An unusual report from the White House regarding the June Non-farm payroll report just came out. The White House released a statement that President Barack Obama will be speaking at 10:35 a.m. after the release of the report. It's not unusual for Obama to speak after the release of the jobs...
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Futures Plunging On Awful May Jobs Report
Friday, June 3, 2011 - 8:36am | 125The May jobs report was just atrocious, and equity futures are plunging on the back of this news. Just 54,000 jobs were created in May, versus the expected 175,000 jobs that were expected to be created. Unemployment ticked up to 9.1% from the expected 9.0%. Here is the report from the Bureau of...
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Previewing & Trading Tomorrow's Important Economic Reports
Thursday, June 2, 2011 - 1:50pm | 389Tomorrow is a major day in terms of economic reports, with the largest report being the May Nonfarm Payroll report due out before the start of trading. Previewing the various economic reports will give traders a good idea on how to play them, whether it be long or short. At 8:30 a.m., the Bureau...
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Benzinga's Political Roundup (JPM, SPY)
Friday, May 6, 2011 - 11:53am | 89JPMorgan Chase & Co. (NYSE: JPM) has received a subpoena from the SEC over failed mortgages, along with Credit Suisse (NYSE: CS). The April jobs report came out this morning, showing much better than expected job growth in the U.S. in April. February and March were also revised up.
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Jobs Report Blows Out Estimates, Futures Soar
Friday, May 6, 2011 - 8:45am | 203Talk about a good month. In the month of April, the country created 244,000 jobs, well above the 185,000 jobs that economists were expecting. The unemployment rate did bump up, going to 9.0% versus the estimates of 8.8%, but the private sector showed incredible strength in the month of April....
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Non-Farm Payrolls Exceed Estimates, Come In At 216,00 Versus 190,000 Estimates
Friday, April 1, 2011 - 8:30am | 70Nonfarm Payrolls for March were just released, and they came in better than expected, as payrolls grew 216,000 jobs in March, versus the expected 190,000. February payrolls were revised up a 7,000 jobs. Private payrolls grew by jobs, versus the expected 200,000 jobs. The unemployment rate for...
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Preview: Friday Morning's Economic Data (XRT, BBY, DIA, IYJ, VAW)
Friday, April 1, 2011 - 8:16am | 458Investors will have a slew of economic data to mull over this morning. The jobs report, which will be released at 8:30 a.m., will be at the forefront of the action. The data is sure to move the market which has been indecisive in this week's trade. Included in the jobs report will be Nonfarm...
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Searching For A Silver Lining
Friday, February 4, 2011 - 9:41am | 178The only silver lining in the just released January nonfarm payrolls reports was the much better than expected unemployment rate. The unemployment rate was 9.0%, much better than the 9.5% economists were expecting. That's because 320,000 people left the labor force, which is the bad news. Only 36,...
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Nonfarm Payrolls Worse Than Expected
Friday, January 7, 2011 - 9:33am | 98Nonfarm Payrolls were just released and results were worse than expected. During the month of December 103,000 jobs were created, versus the expectations of 170,000 jobs being created. October and November were revised up, with a net gain of 70,000 additional jobs being added. The unemployment rate...
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Previewing Nonfarm Payrolls
Friday, January 7, 2011 - 9:19am | 105Nonfarm payrolls is going to be released in 15 minutes and expectations are high for the December jobs report, based in large part to the ADP report earlier in the week. ADP said that 297,000 jobs were added in the month of December, nearly triple what economists were expecting. As a result of this...