-
First Jobs Report Under President Trump Sets Stage For Rate Hike
Friday, March 10, 2017 - 11:56am | 471Read More...The first monthly jobs report under President Donald Trump is officially in, and it’s a good one. On Friday morning, the Bureau of Labor Statistics reported the U.S. economy added 235,000 jobs in February, and the U.S. unemployment rate declined to 4.7 percent. The jobs number came in well...
-
What Does The Blowout June Jobs Report Mean For Investors?
Friday, July 8, 2016 - 9:43am | 359Read More...Economists who had been speculating that the sluggish U.S. May jobs report was simply an outlier are feeling quite vindicated on Friday. The U.S. economy bounced back in a major way in June by adding 287,000 jobs, well above consensus expectations of 175,000. The unemployment rate rose slightly...
-
Reactions To The Fed's Decision Not To Increase Rates: Like A Child Trying To Ride A Bike?
Wednesday, June 15, 2016 - 3:23pm | 496Read More...The Federal Open Market Committee on Wednesday left interest rates at 0.5 percent. After trimming its growth outlook for 2016 and 2017, the Committee suggested it still has plans for two rate hikes this year, citing expectations of a recuperation in the U.S. jobs market. Following the Fed...
-
Watch Construction And Manufacturing Now That Fed Has Raised Rates, Economist Says
Wednesday, December 16, 2015 - 3:32pm | 373Read More...The Federal Reserve's decision to raise the FFR from a 0.00 to 0.25 range to 0.25-0.50 won't hurt employer demand, an expert told Benzinga shortly after the announcement on Wednesday afternoon. "Employers were expecting today’s rate hike by the Fed, and have incorporated it...
-
Markets Jump On Strong Jobs Numbers; Economist Says This Signals First Rate Hike In Seven Years
Friday, December 4, 2015 - 11:36am | 400Read More...U.S. equities jumped higher on Friday after the U.S. Bureau of Labor Statistics said the U.S. economy added 211,000 jobs in November – exceeding estimates of 200,000. The U.S. unemployment rate held steady at 5 percent, a seven-year low. Tara Sinclair, Chief Economist for the job...
-
Mohamed El-Erian: October's 'Comprehensively Strong' Jobs Report Supports A December Rate Hike
Friday, November 6, 2015 - 11:01am | 460Read More...US October jobs data were better than expected when it was reported on Friday. The unemployment rate, private payrolls, and nonfarm payrolls data all improved month-over-month. Mohammed El-Erian, Allianz's Chief Economist, told Benzinga that the "comprehensively strong"...
-
Tara Sinclair: The Fed May 'Really Be Out Of Gas' In Terms Of What It Can Do To Help The Economy
Saturday, October 3, 2015 - 9:32am | 441Read More...USA Nonfarm payrolls for September rose 142,000, falling short of the consensus estimate (203,000) and last month's reading (173,000). Tara Sinclair, chief economist for Indeed said that the jobs number was "disappointing" and may contradict with the "strong job growth" on Indeed. Sinclair...
-
3 Very Different Reactions To The FOMC Rate Decision
Thursday, September 17, 2015 - 4:27pm | 718Read More...After plenty of anticipation, the FOMC has finally met, ultimately deciding to keep interest rates unchanged and at record lows. The Fed cited a few reasons behind this decision, including the sluggishness in the global economy, low inflation in the United States and recovering housing and labor...
-
Jobs Report Makes Case For A 'New Normal' And A Fed Rate Hike
Friday, September 4, 2015 - 11:05am | 348Read More...The United States economy added 173,000 jobs in August, but the latest jobs report did very little to shed light on whether or not the Federal Reserve will or should begin raising interest rates later this month. While those that argue against a rate hike point to slow wage growth and...
-
Indeed Chief Economist Tara Sinclair's View Of Friday's Jobs Report
Thursday, September 3, 2015 - 1:27pm | 549Read More...Benzinga recently spoke with Tara Sinclair, chief economist at Indeed – the largest job site in the world – about the monthly jobs report, which will be published on Friday. The expert noted that this is an especially important jobs number, "because the Fed is looking at every...
-
A Jobs Economist Responds To William Dudley's Concerns About The Labor Force
Wednesday, August 12, 2015 - 4:44pm | 317Read More...In a speech at the Rochester Business Alliance on Monday, New York Federal Reserve President William Dudley highlighted what he believed to be structural problems within the U.S. labor force. He emphasized the need for American firms to invest in workforce development in order to prepare...
-
2 Experts Preview Jobs Day
Thursday, August 6, 2015 - 4:37pm | 567Read More...On Friday morning, the U.S. Bureau of Labor Statistics will release its jobs report for the month of July. The brief will include statistics on unemployment, the labor force, wages and more. The expert consensus is that unemployment will remain steady at 5.3 percent. Estimates also project a 0.2...
-
Jobless Claims Hit Four-Decade Low, But This Expert Isn't Impressed
Thursday, July 23, 2015 - 11:28am | 428Read More...The U.S. Department of Labor released its weekly continuous jobless claims and initial jobless claims figures on Thursday. Both numbers numbers beat estimates. Only 255,000 Americans filed for unemployment benefits during the week ending July 18 -- the fewest since 1973. Experts were...
-
Economist Previews Jobs Day, Notes 'Output Per Worker Is Dropping'
Wednesday, July 1, 2015 - 3:07pm | 494Read More...The Bureau of Labor Statistics will release its U.S. employment numbers for the month of June on Thursday at 8 a.m. EST. Among the figures that will come out are nonfarm payrolls, unemployment, labor force participation and wage growth. After a substantial beat on projections for May, observers...
