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August Private Sector Job Growth Largest Since Spring
Thursday, September 5, 2019 - 8:32am | 387Private sector employment rose in August, taking its biggest jump in three months and increasing broadly across several sectors, according to the ADP National Employment Report based on private payroll data released Thursday. Non-farm private sector employment increased by 195,000 jobs from July to...
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What To Consider Watching In June: Tariff Issues, Fed And Jobs Data
Thursday, May 30, 2019 - 9:14am | 1509A month ago, the June Fed meeting looked like it might be a turning point. After several years of rate increases, it appeared that many investors expected Fed Chairman Jerome Powell and company to loosen the screws a bit as the economy slowed. That was then, this is now. As we head into June,...
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How The 'Real Economy' Has Fared During The Longest Bull Market In History
Sunday, August 26, 2018 - 3:30pm | 1020The S&P 500 bull market set a new record for the longest in history this week, reaching 3,453 days in duration. Since the bull market began, the S&P 500 has gained 323.3 percent and the economy has dramatically improved. Unfortunately, some key metrics for everyday Americans haven’t...
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Tax Reform Is Boosting Wages And Bonuses, But Some Corporations Are Still Cutting Jobs
Thursday, January 25, 2018 - 5:19pm | 608The December 2017 non-farm payroll report revealed the U.S. unemployment rate was at 4.1 percent for the third consecutive month, the lowest since 2000. Wages rose 9 cents, marking the biggest monthly increase in 2017, compared to a 5-cent increase in November. Even as the data points showed a...
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TD Ameritrade's JJ Kinahan On Jobs Report
Friday, March 10, 2017 - 1:50pm | 429TD Ameritrade Holding Corp. (NASDAQ: AMTD)'s chief strategist JJ Kinahan took a few minutes out of his day to talk about Friday's jobs report with Benzinga. Kinahan was quick to point out that the jobs report, which showed the U.S. economy added 235,000 jobs, was "very positive." he headline number...
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CNBC's Rick Santelli: Stocks Are A 'Good Buy Because Of All The Goodbyes'
Friday, March 10, 2017 - 12:28pm | 278CNBC's Rick Santelli is known for his impassioned analysis and rants. After Friday's monthly jobs report, he offered his take on why the stocks remain a good buy at current levels. Santelli was quick to point out that while the economy added 227,000 jobs in February, President Donald Trump's...
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Gary Cohn: There's Huge Backlog Of Jobs Still Waiting To Be Created
Friday, March 10, 2017 - 10:51am | 328Gary Cohn, the director of the National Economic Council, said Friday the latest jobs report was a "perfect number" and "exactly where it needed to be." Speaking to CNBC after the release of February's jobs data, he said the jobs number also serves as a sign that the Trump...
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Jobs Figures Appear Overtly Positive, But Interpretation Is Key
Monday, February 6, 2017 - 8:36am | 285The U.S. government reported on Friday that the economy added 227,000 jobs throughout January, which exceeded economists' predictions of 175,000. TD Ameritrade's JJ Kinahan, managing director of client advocacy and market structure, took a few minutes to chat with Benzinga about the jobs report....
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December Jobs Report And Weekly Initial Jobless Claims Could Be Good Omens For Economy
Tuesday, January 3, 2017 - 2:39pm | 241The U.S. Bureau of Labor Statistics will release its first jobs report of 2017 on Friday, which covers the final month of 2016. December Jobs Report According to Bloomberg, the following data sets can be expected: Non-farm payrolls to rise 151,000 to 210,000 from November's level. Unemployment to...
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Jobless Claims Stay Depressed As Hiring Is On A Roll
Thursday, November 10, 2016 - 9:27am | 312Another labor market indicator is out, and the data is consistent with the recent deduction that the labor market is alive and kicking. This could be a good omen for president-elect Donald Trump, as he is set to take the reins of the world's largest economy. Jobless Claims A Labor Department...
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Will Thursday's Job Reports Impact Consumer Spending?
Thursday, November 3, 2016 - 10:55am | 349Consumer spending for the month of September rose 0.5 percent from a month earlier, which exceeded the 0.4 percent growth economists surveyed by the Wall Street Journal were expecting. The Wall Street Journal further noted that personal-consumption expenditures rose at a 2.1 percent pace in the...
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Kolko On Jobs Report: The Least Well-Off Took A Step Back In September
Friday, October 7, 2016 - 12:15pm | 319Jed Kolko, chief economist for the job site Indeed, commented on Friday's jobs report, which he described as being "solid enough" but not a "gangbuster" report. Friday's jobs report showed that the U.S. economy added 156,000 jobs in September, and the unemployment rate remained unchanged at 5.0...
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El-Erian: The Next Jobs Report 'Could Influence The Fed'
Monday, August 29, 2016 - 7:28am | 409As August comes to a close, investor attention will now focus on Friday's monthly job report — and for good reason. Mohamed El-Erian wrote in an op-ed published on Bloomberg whether the coming jobs report could influence the Federal Reserve's decision to raise interest rates. The economist...
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This Economist Is Expecting July's 'Relatively Normal' Jobs Report To Mark A New Trend
Friday, August 5, 2016 - 6:35am | 227The first Friday of every month is more often than not a volatile trading session as the U.S. government releases payroll data for the prior month. Stephen Stanley, chief economist at Amherst Pierpont Securities, isn't necessarily expecting much volatility this Friday. According to...
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Bill Gross Says Friday's Jobs Report Isn't 'Hunky-Dory'
Friday, July 8, 2016 - 1:16pm | 248Bill Gross, the notable bond investor, thinks Friday's U.S. jobs report isn't as "hunky-dory" as it may seem. Speaking to Bloomberg Television on Friday, Gross noted that while Friday's job report showed that employers added 287,000 jobs, the jobless rate also rose one-fifth of a percentage point...