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Tax Reform Is Boosting Wages And Bonuses, But Some Corporations Are Still Cutting Jobs
Thursday, January 25, 2018 - 6:19pmThe 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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When Will Trump's Jobs Efforts Start Cutting Into Corporate Profits?
Wednesday, January 25, 2017 - 2:47pmMany Donald Trump voters and patriotic Americans have cheered recent decisions by American companies to create American jobs rather than relying on foreign labor in Mexico, China and elsewhere. President Trump has heavily pressured companies to keep these low-level jobs right here in the United...
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Clear Sailing Ahead: Fed's Yellen Says No Short-Term Obstacles For U.S. Economy
Friday, January 13, 2017 - 9:11amU.S. Federal Reserve Chair Janet Yellen said on Thursday there are no serious short-term obstacles that could derail the economic momentum. According to a Bloomberg report, Yellen emphasized the fact that the U.S. unemployment rate has reached a low level while the labor market is strong and wage...
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Why The Unemployment Rate Should Never Go To 0%
Sunday, December 4, 2016 - 4:35pmThe Labor Department's non-farm payrolls report rolled in on Friday to reveal happy tidings for the economy. The jobless rate plummeted to a nine-year low of 4.6 percent. The statistics sent people into a tizzy, ratcheting up expectations for a Fed rate hike as early as December. When a 0.3-...
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El-Erian: Jobs Number Creates 'Tricky Situation' For Fed
Friday, September 2, 2016 - 11:44amThe U.S. created 151,000 jobs in August, short of the 180,000 economists were predicting. The latest disappointing jobs number comes after two straight months of strong gains. That number complicates things for the Federal Reserve ahead of its September meeting, Allianz Chief Economic Adviser...
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The U.S. Added 151,000 Jobs In August, Unemployment Rate Holds Below 5%
Friday, September 2, 2016 - 9:37amTotal non-farm payroll employment in the United States added 151,000 jobs in August while the jobless rate claim is steady at 4.9 percent, according to official data from Bureau of Labor Statistics. Following the news, the SPDR S&P 500 ETF Trust (NYSE: SPY) gained 0.55 percent on Friday....
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U.S. Companies On Hiring Sprees Across The Country
Monday, July 11, 2016 - 11:07amAs June’s blowout jobs report last Friday made abundantly clear, U.S. companies have not lost their appetite for hiring. In recent weeks, several U.S. companies have announced plans to bring hundreds of new jobs to communities around the country. Novavax, Inc. (NASDAQ: NVAX) recently...
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JJ Kinahan On Jobs Report
Sunday, April 3, 2016 - 1:07pmThe trajectory of interest rates won't change with the improved jobs data, JJ Kinahan, chief strategist and managing director at TD Ameritrade Holding Corp. (NASDAQ: AMTD) told Benzinga. "No, report was strange, in right direction and was great to see better construction numbers. However, it's...
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Unemployment Claims Rise Slightly; S&P ETF Sees Resistance
Thursday, January 21, 2016 - 1:29pmThe Department of Labor released data that indicated 10,000 more people filed for unemployment for the first time last week than the week ending January 9, bringing the total number of initial claims to 293,000 from 283,000 the previous week. Analysts consider initial claim figures of under 300,...
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Experts Examine ADP Employment Ahead Of Friday's Non-Farm Payroll Data
Thursday, October 1, 2015 - 11:19amUSA ADP Employment Change for September read 200,000 versus 194,000 consensus estimate. The prior reading was 190,000. Investors, analysts await Friday's Non-Farm Payroll report. The U.S. government reported its employment change data on Wednesday that helped jolt the equity market...
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