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Home / Tag Archives: Employment (page 11)

Tag Archives: Employment


Much higher than expected, so unless next month’s number settles back down the Fed will be expected to hike rates some. Note from the chart that the last few November releases showed similar spikes followed by much lower prints: Employment SituationHighlightsBring on that rate hike! Nonfarm payrolls surged 271,000 in October vs expectations for 190,000 and against Econoday’s top-end forecast for 240,000. Revisions in prior months are not a factor. The unemployment is down 1 tenth at 5.0...

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The economy is performing well; good to know

New Employment Situation Report is out. Not bad, given the last couple of months. In October, total nonfarm payroll employment increased by 271,000 and the unemployment rate is at 5%. The employment-population ratio, which seemed to start to inch up last year, however, now looks again stagnant. Even though it seems markets are happy with job creation above 200k per month, we need something more like 400 for a healthy recovery, and to bring the employment-population ratio up. Earnings have...

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Job Cuts, Yellen Comment, Saudi Pricing, German Factory Orders, Maersk Job Cuts, China Trade Show

Down a bit but still trending higher since the oil price collapse: Seems she still doesn’t realize negative rates are just another tax: FED’S YELLEN: IF ECONOMY SIGNIFICANTLY DETERIORATED, NEGATIVE RATES AND OTHER TOOLS WOULD BE ON THE TABLE This implies the rest of Saudi pricing remains the same from November, when discounts to benchmarks were substantially increased. In general, discounts have been increased over the last few months: Saudi Arabia, the world’s largest oil exporter,...

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Atlanta Fed, German Engineering Orders, Misc News, Redbook retail sales, North Dakota, Factory orders

Down to 1.9 for Q4, after being very close for Q1, Q2 and Q3: German Engineering Orders Hit by Lower Demand From China By Nina AdamNov 2 (WSJ) — Germany’s VDMA engineering federation said Monday that its “plant and machinery makers are battling against global markets’ adversities.” German mechanical engineering orders slumped 13% year-over-year in September, hit by a 18% drop in foreign demand. Foreign orders from outside the eurozone were down 7% in the nine months through September from...

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Industrial Production, JOLTS, Consumer Sentiment

The chart says it all.Not good! Industrial ProductionHighlightsIndustrial production continues to sink, down 0.2 percent in September which is slightly better than the Econoday consensus for minus 0.3 percent. The manufacturing component continues to sink, down 0.1 percent for a second straight decline and the fourth decline in five months. Industrial production was revised sharply upward for August, from an initial decline of minus 0.4 percent to only minus 0.1 percent. But the improvement...

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Capex Revision, Gallup Spending Survey, PMI, ISM Non Mfg Index

A gauge of U.S. investment plans slipped more in August than initially estimated, giving a cautionary sign for the economic outlook. New orders for non-military capital goods outside of aviation fell 0.8 percent in August, the Commerce Department said on Friday. The government had previously reported that this gauge, which is a leading indicator of business investment, had fallen 0.2 percent during the month. Shipments of this category of goods also fell, declining a...

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