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Unemployment Falls Under 1 Million Claims, Chassis Pool Debate, And HOS Changes
Friday, August 14, 2020 - 11:40am | 180Read More...On today's Midday Market Update, Kevin Hill and Andrew Cox talk about the SONAR-powered data, issues and news that move you. They're joined by Ryan Houfek, CCO at DCLI; John Gallagher, chief Washington correspondent at FreightWaves; and Market Experts Anthony Smith and Zach Strickland. Watch...
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April 2020 Job Loss Is The Worst In US History; Unemployment Rate Hits 14.7%
Friday, May 8, 2020 - 8:50am | 699Read More...In just two months, the coronavirus outbreak undid all the economic progress made since the 2008 financial crisis — including the lowest unemployment rate in 50 years. The U.S. unemployment rate spiked from 4.4% in March to 14.7% in April, according to the Bureau of Labor Statistics, which is...
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Materials Stocks See More Interest Amid Hopes for Federal Infrastructure Spending
Wednesday, April 8, 2020 - 10:05am | 2339Read More...The market seems to have regained a little confidence after yesterday’s late downward spiral, but the true test lies straight ahead. A three-day weekend looms, with the markets closed Friday for the holiday. Typically, selling has accelerated into weekends lately as many investors feel shaky...
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Staking Claims: A Record 6.6 Million Workers Applied For Unemployment, Doubling Estimates
Thursday, April 2, 2020 - 9:47am | 2137Read More...A brutal, punishing initial weekly unemployment claims jump to 6.6 million last week sets the stage for Thursday’s trading. That’s double what analysts had been expecting, and topped even some of the highest estimates on Wall Street. For the workforce, it’s a devastating sign of...
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Could We See 20% Unemployment In 2020?
Monday, March 23, 2020 - 12:48pm | 1688Read More...On Tuesday, Treasury Secretary Steven Mnuchin stated in a meeting with Republican senators that the U.S. unemployment rate could reach 20% if significant fiscal action was not taken immediately. While this could be in part a threat to persuade the Senate to pass more fiscal stimulus, it is a...
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Unemployment Continues To Fall Below April's Record Rates
Friday, June 1, 2018 - 9:35am | 359Read More...After striking record lows in April, U.S. unemployment continued to drop in May. What Happened The Labor Department recorded a rate of just 3.8 percent against a 3.9-percent estimate. Nonfarm payrolls expanded 223,000, far exceeding a 189,000 forecast as well as last month’s addition...
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Analysis: The Rarity Of A Sub-4% Unemployment Rate
Friday, May 4, 2018 - 3:04pm | 541Read More...With a reported 3.9-percent unemployment rate, April became one of six months in nearly 40 years when the figure fell below 4 percent. Before that, less than one-third of the months between 1948 and January 1970 saw lower or equivalent rates, according to the Bureau of Labor Statistics. The...
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Unemployment Rate Hits Lowest Level Since 2007
Friday, May 5, 2017 - 10:20am | 310Read More...The 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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Whoops! Trump May Have Grossly Exaggerated The Number Of Americans Who Can't Find A Job
Wednesday, January 11, 2017 - 4:23pm | 240Read More...President-elect Donald Trump may have made a large error in his first press conference following his election win on Wednesday. Speaking to reporters, Trump was asked a standard question on the economy. He answered that there "are 96 million [people] wanting a job and they can't get [one]. You...
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All-Star Lineup Of Economists Shares 2017 Outlook
Wednesday, January 4, 2017 - 1:26pm | 364Read More...Bloomberg's list of top-ranked economists offered their outlooks for 2017. Top-Ranked Analyst: Christophe Barraud Christophe Barraud, the chief economist at Market Securities, is Bloomberg's highest ranked overall economist. Barraud expects the U.S. economy to grow 2.5 percent to 3 percent in 2017...
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Why The Unemployment Rate Should Never Go To 0%
Sunday, December 4, 2016 - 4:35pm | 597Read More...The 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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Survey's In: General Public Has 'Little Factual Knowledge' Regarding Economy, Could Affect The Election
Thursday, September 8, 2016 - 9:26am | 482Read More...A survey conducted by the John J. Heldrich Center for Workforce Development at Rutgers University found that 57 percent of the public is under the impression that the economy is a lot worse than it is. For instance, the unemployment rate stands at 4.9 percent, but almost 30 percent of those...
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WSJ Will Hone In On These 5 Items From The Forthcoming Jobs Report
Friday, September 2, 2016 - 9:05am | 406Read More...The Wall Street Journal has a list of five key items market participants should be looking out for when the Labor Department releases its August jobs report on Friday. 1. Hiring Pace Back in July, employers added 255,000 jobs which marked a decrease from the 292,000 jobs created in June....
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El-Erian: The Next Jobs Report 'Could Influence The Fed'
Monday, August 29, 2016 - 8:28am | 409Read More...As 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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Unemployment Rate Ticks Higher While Nonfarm Sector Adds More Jobs Than Expected, Private Sector Disappoints
Friday, April 1, 2016 - 11:36am | 142Read More...U.S. equity indices were nearly flat after 90 minutes of trading on Friday as the unemployment rate ticked higher but the nonfarm sector added more jobs than expected. The Dow Jones and Nasdaq indices were higher by 0.11 percent and 0.16 percent, respectively. At the same time, the S&P 500...
