Good Friday is next week and markets will be closed as per usual. However, what will be unusual is that the closure of financial exchanges in the U.S., and some other parts of the world, comes as the government is slated to release a key report on employment in the …
Read More »: U.S. labor market displays ‘faint heartbeat’ — economists react to January jobs report
The U.S. added 49,000 jobs in January and downward revisions to the prior two months subtracted an additional 159,000 from payrolls. Economists polled by The Wall Street Journal had expected a 55,000 gain. See: U.S. just gains 49,000 in January with labor market still under acute stress Below are some …
Read More »Lackluster jobs report emphasizes slow recovery
The United States labor market continues to claw its way back to normal at a seemingly excruciating pace. The jobs report released Friday morning by the Labor Department shows a gain of 245,000 nonfarm payroll jobs in November with an unemployment rate of 6.7%. In any other year, that report …
Read More »Election 2020: Housing, markets and jobs
How will the outcome of this Presidential election affect housing? The research all points to positives. The Meyers Research group looked at the past 13 election cycles and found an approximate 15% drop in sales activity in the November of a federal election year. But their research notes that “the …
Read More »Market Snapshot: Dow slightly lower after jobs data as U.S. election count continues
Kena Betancur/Agence France-Presse/Getty Images U.S. stocks were modestly lower in early action Friday, threatening to end a four-day winning streak, as investors sifted through October jobs data, continued to monitor election results, and weighed a surge in COVID-19 cases. What are major benchmarks doing? The Dow Jones Industrial Average DJIA, …
Read More »Politics, jobs weigh on Wall Street as housing cruises
Politics weighed heavily on Wall Street this week as investors’ uncertainty about the upcoming election grows. The first round of presidential debates was particularly vicious. That led many investors to worry about potential controversy extending well past the November 3 election day. Then, two events that happened late Thursday threw …
Read More »Election: Trump says Biden’s ‘not a savior of America’s soul,’ but rather the ‘destroyer of America’s jobs’
President Donald Trump on Thursday night made an effort to turn his Democratic challenger’s campaign rallying cries against him, as he accepted the Republican Party’s nomination and delivered the last speech at the GOP’s four-day convention. “In America, we don’t turn to government to restore our souls. We put our …
Read More »Economic Preview: Economists predict U.S. added 1.7 million jobs in July, but admit it’s largely a guess. Here’s what worries them
The U.S. economy probably suffered a steep decline in hiring and job creation in July, but rarely has Wall Street been so flummoxed about the state of the labor market. The resurgence of the coronavirus epidemic in many American states and a potentially big shift in school employment could throw …
Read More »In One Chart: Hong Kong searches for U.K. jobs spike
Pro-democracy district council member Lui Man-kwong holds a sign on Sunday as he protests a decision to have mainland inspectors carry out COVID-19 testing in Hong Kong. Isaac Lawrence/Agence France-Presse/Getty Images There’s growing interest among Hong Kong residents in leaving for Britain, at least if job searches are any indication. …
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