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Unemployment Rate Hits Lowest Level Since 2007
Friday, May 5, 2017 - 10:20am | 310The U.S. unemployment rate continued to decline throughout April to 4.4 percent against a 4.6-percent forecast and 4.5-percent March rate, according to a Friday employment report by the Bureau of Labor Statistics. Economist Mohamed El-Erian said the lower rate could eventually manifest in higher...
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It's A Beat: Non-Farm Payrolls Smash Expectations
Friday, March 4, 2016 - 10:07am | 303The U.S. non-farm payroll numbers topped expectations. Although the beat is an indication that the economy is improving and a positive for the dollar, the bad hourly earnings took some sheen off the report. Total non-farm payroll employment increased by 242,000 in February, and the unemployment...
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3 Experts Follow Up On May Jobs Report
Friday, June 5, 2015 - 1:13pm | 623The U.S. Bureau of Labor Statistics released its monthly employment report on Friday morning. Total nonfarm employment increased by 280,000 in May, beating expectations of about 225,000. The unemployment rate was 5.5 percent, which was 0.1 percent higher than predicted. Other notable data...
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Friday's Jobs Report: What Experts Are Saying Ahead Of The Release
Thursday, June 4, 2015 - 5:15pm | 790The U.S. Bureau of Labor Statistics will release its unemployment figures for the month of May on Friday at 8:30 a.m. EST. Consensus expectations are that the unemployment rate will remain at 5.4 percent, which is what it was after April, and that the U.S. will gain a net of approximately 225,000...
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Employment Report: More Jobs But Fewer Hours and Lower Weekly Earnings
Friday, May 3, 2013 - 10:38am | 694The Bureau of Labor Statistics reported that, in April, employers added 165,000 new positions, with the unemployment rate edging down to 7.5 percent from 7.6 percent. This compares to expectations for 145,000 new jobs, and some economists had expected even fewer new jobs after the weak ADP jobs...
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Jobless Claims Drop 16,000 to 339,000, Sign of Improved Labor Market
Thursday, April 25, 2013 - 10:05am | 464In the week ending April 20, the advance figure for seasonally adjusted initial claims for unemployment benefits was 339,000, a decrease of 16,000 from the previous week's revised figure of 355,000. The 4-week moving average was 357,500, a decrease of 4,500 from the previous week's revised...
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CPI Falls 0.2% While Hourly Wages Advance 0.3%
Tuesday, April 16, 2013 - 9:26am | 564In some good news for consumer spending power, the Consumer Price Index fell 0.2 percent, led by gasoline, while food prices were unchanged. The index for all items (less food and energy) increased 0.1 percent in March, after a 0.2 percent increase in February. The indexes for shelter, used cars...
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Jobless Claims Unexpectedly Drop
Thursday, March 7, 2013 - 10:31am | 507Jobless claims dropped to a six week low, defying analysts expectations for an increase in claims. In the week ending March 2, the advance figure for seasonally adjusted initial claims was 340,000, a decrease of 7,000 from the previous week's revised figure of 347,000. This drop was unexpected,...
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Producer Prices Unexpectedly Rose in June
Friday, July 13, 2012 - 12:18pm | 399Friday, the headline Producer Price Index came in higher than anticipated. The month-over-month June reading increased 0.1 percent, higher than economists' estimates of -0.4 percent. US equity futures saw muted reaction after the 8:30 am ET release. The Producer Price Index tracks the change in...
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Two Reasons Why Today's NFP Will Matter, Two More Why It Won't
Friday, May 4, 2012 - 7:22am | 368At 8:30am this morning, the US Bureau of Labor Statistics is expected to tell us how many jobs were added last month, and what our new unemployment percentage is. Consensus anticipates the US economy will have added 162,000 jobs for the month of April. Market await with baited breath on the actual...
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CareerBuilder CEO: 19% Jobs Uptick, Better than BLS's 210k Consensus
Friday, March 9, 2012 - 9:11am | 252CareerBuilder CEO Matt Ferguson says his company sees 19 percent more jobs available today than last year. According to him, this is a great leading indicator to continuing strong unemployment reports from the US Bureau of Labor Statistics. Ferguson told CNBC's Squawk Box this morning that Career...
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Initial Jobless Claims: Survey Says 355k
Thursday, March 1, 2012 - 8:47am | 179Initial as well as continuing jobless claims are on tap before the bell this morning, with economists expecting 355 thousand new claims and 3.418 million continuing claims for the week ending on Feb. 25. Prior readings for initial jobless claims were 351 thousand, which represented no change from...
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Will Friday's Jobs Beat Set Up Disappointment For Next Month?
Friday, February 3, 2012 - 4:03pm | 530Investors were energized this morning on a jobs report that blew consensus estimates out of the water. Markets had braced for potentially bad news on expectation of employment corrections on the heels of the holiday season - and the temporary jobs it was thought to have brought. Will the stronger...
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Is The Jobs Picture a Perfect 10?
Friday, November 4, 2011 - 9:16am | 638The October nonfarm payroll report was just released, and while the October number came in worse than expected, there were major upward revisions to both August and September. Does this mean the jobs picture is a "Perfect 10"? This is actually a positive sign, with August coming in at 102,000...
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Is The Jobs Picture a Monet or a Picasso?
Friday, October 7, 2011 - 10:11am | 813The September Nonfarm Payroll report was released earlier this morning and while it was better than expected, the closer you get to it, the uglier it gets: much like a Monet. The report from the Bureau of Labor Statistics showed that 103,000 jobs were created during the month, significantly higher...