Market News

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[h=1]U.S. added 559,000 jobs in May, vs 671,000 estimate[/h]

 

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[h=1]Consumer prices jump 5% in May, fastest pace since the summer of 2008[/h]

 

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Jobless claims show surprise increase to highest level in a month

Initial jobless claims totaled 412,000 last week, an increase of 37,000 from the previous week and higher than the 360,000 estimate.

Essentially all the increase came from Pennsylvania and California.

A separate manufacturing report by the Philadelphia Fed was higher than expected, with inflation-related indexes at their highest levels in 40 years.

https://www.cnbc.com/2021/06/17/us-weekly-jobless-claims.html

 

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First-time filings totaled 411,000 for the week ended June 19, a slight decrease from the previous total of 418,000 and worse than the 380,000 Dow Jones estimate.

 

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First-time jobless claims totaled 373,000 for the week ended July 3, compared with the 350,000 Dow Jones estimate. The previous week’s level was revised up by 7,000 from 364,000 to 371,000.

 

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The consumer price index increased 5.4% from a year ago, the largest jump since just before the financial crisis. Economists surveyed by Dow Jones had been expecting a 5% gain.

 

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Federal Reserve Chairman Jerome Powell said Wednesday that the economy needs to improve more before the central bank will change its ultra-easy monetary policy.

 

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[h=1]U.S. weekly jobless claims total 360,000, as expected[/h]

 

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Initial filings for unemployment insurance totaled 419,000 for the week ended July 17, well above the 350,000 Dow Jones estimate and more than the upwardly revised 368,000 from the previous period, the Labor Department reported Thursday.

 

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First-time filings for benefits dipped to 385,000 for the week ended July 31, a decline of 14,000 from the previous week as the jobs market remains essentially in a holding pattern during the economic recovery. The total hit the Dow Jones estimate exactly.

 

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More on jobless claims: https://www.cnbc.com/2021/08/05/us-jobless-claims-total-385000-matching-estimates.html

 

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[h=1]Payrolls increase 943,000 in July as unemployment rate slides to 5.4%[/h]

 

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[h=1]Consumer price index rises 5.3% year over year in August vs 5.4% estimate[/h]

 

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Federal Reserve holds interest rates steady, says tapering of bond buying coming ‘soon’
a majority of members now see the first rate hike happening in 2022. In June, when members last released their economic projections, a slight majority put that increase into 2023.

The committee now sees GDP rising just 5.9% this year, compared to a 7% forecast in June. However, 2023 growth is now set at 3.8%, compared to 3.3% previously, and 2.5% in 2023, up one-tenth of a percentage point.

 

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[h=1]U.S. weekly jobless claims total 351,000 topping 320,000 estimate[/h]

 

[James48843]

October jobs report: Payrolls grew by 531,000 as unemployment rate fell to 4.6%


Source: Yahoo! Finance

U.S. employers increased their pace of hiring in October after a sluggish September, with declining COVID-19 infections and demand for workers amid widespread shortages helping bolster labor market activity.

The Labor Department released its October jobs report Friday morning. Here were the main metrics from the report, compared to consensus estimates compiled by Bloomberg:

Non-farm payrolls were expected to show the biggest jump in a single month since July. Though payrolls have grown in every month so far in 2021, the economy remains about 5 million jobs short of its pre-pandemic levels following plunges in employment between March and April of 2020. And the civilian labor force was still down by about 3.1 million individuals compared to February 2020 as of September.

Read more: https://finance.yahoo.com/news/octo...artment-hiring-covid-shortages-180531280.html

 

[nnuut]

Kiyosaki: The US stock market is headed for 'giant crash' followed by a new depression — here are the only 3 assets he likes as protection

[video]https://finance.yahoo.com/news/robert-kiyosaki-just-warned-giant-130000215.html[/video]

 

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[FONT=&quot]The consumer price index surged 6.2% from a year ago in October, the most since December 1990.[/FONT]

 

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Nonfarm payrolls increased by just 210,000 for the month, though the unemployment rate fell sharply to 4.2%.

 

[James48843]

While the number isn't great, (210,000), its still a positive number. Unemployment rate 4.2% isn't bad either. Let's keep chugging along.