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Market News
- Thread starter weatherweenie
- Start date
weatherweenie
Well-known member
The personal consumption expenditures price index increased just 0.1% for the month and was up 2.6% from a year ago, the latter number down 0.2 percentage point from the April level, according to a Commerce Department report Friday.
Both numbers were in line with the Dow Jones estimates. May marked the lowest annual rate since March 2021, which was the first time in this economic cycle that inflation topped the Federal Reserve’s 2% target.
Both numbers were in line with the Dow Jones estimates. May marked the lowest annual rate since March 2021, which was the first time in this economic cycle that inflation topped the Federal Reserve’s 2% target.
James48843
Well-known member
U.S. economy added 206,000 jobs in June, unemployment rate rises to 4.1%
Source: CNBC
Published Thu, Jul 5 2024 8:31 AM EDT Updated 2 Min Ago
The U.S. economy again added slightly more jobs than expected in June though the unemployment rate increased, the Labor Department reported Friday.
Nonfarm payrolls increased by 206,000 for the month, better than the 200,000 Dow Jones forecast though less than the downwardly revised gain of 218,000 in May.
The unemployment unexpectedly climbed to 4.1%, tied for the highest level since October 2021 and providing a conflicting sign for Federal Reserve officials weighing their next move on monetary policy. The forecast had been for the jobless rate to hold steady at 4%.
This is breaking news. Please check back here for updates.
Read more: Jobs report June 2024:
Source: CNBC
Published Thu, Jul 5 2024 8:31 AM EDT Updated 2 Min Ago
The U.S. economy again added slightly more jobs than expected in June though the unemployment rate increased, the Labor Department reported Friday.
Nonfarm payrolls increased by 206,000 for the month, better than the 200,000 Dow Jones forecast though less than the downwardly revised gain of 218,000 in May.
The unemployment unexpectedly climbed to 4.1%, tied for the highest level since October 2021 and providing a conflicting sign for Federal Reserve officials weighing their next move on monetary policy. The forecast had been for the jobless rate to hold steady at 4%.
This is breaking news. Please check back here for updates.
Read more: Jobs report June 2024:
James48843
Well-known member
Just an FYI- Hurricane Beryl is now headed for the coast of Texas, including a dead aim at a lot of oil refinery and oil / chemical plants , including the Houston area.
You might want to gas up your car now, and put a can or two into full storage, as a bad hit could interrupt oil and gasoline for a time.
Sent from my iPhone using TSP Talk Forums
You might want to gas up your car now, and put a can or two into full storage, as a bad hit could interrupt oil and gasoline for a time.
Sent from my iPhone using TSP Talk Forums
JTH
Well-known member
I have 2 offspring in the Houston area, I know this season they've had some pretty good storms with power outages, heck they still haven't cleaned up all the mess from the 2024 Houston derecho.
James48843
Well-known member
weatherweenie
Well-known member
The monthly inflation rate dipped in June, providing further cover for the Federal Reserve to start lowering interest rates later this year.
The consumer price index, a broad measure of costs for goods and services across the U.S. economy, declined 0.1% from May, putting the 12-month rate at 3%, around its lowest level in more than three years, the Labor Department reported Thursday. The all-items index rate fell from 3.3% in May, when it was flat on a monthly basis.
The consumer price index, a broad measure of costs for goods and services across the U.S. economy, declined 0.1% from May, putting the 12-month rate at 3%, around its lowest level in more than three years, the Labor Department reported Thursday. The all-items index rate fell from 3.3% in May, when it was flat on a monthly basis.
James48843
Well-known member
Weekly Initial Unemployment Claims Decrease to 222,000
The DOL reported:
In the week ending July 6, the advance figure for seasonally adjusted initial claims was 222,000, a decrease of 17,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 238,000 to 239,000. The 4-week moving average was 233,500, a decrease of 5,250 from the previous week's revised average. The previous week's average was revised up by 250 from 238,500 to 238,750.
emphasis added
The following graph shows the 4-week moving average of weekly claims since 1971.
Click on graph for larger image.
The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims decreased to 233,500.
The previous week was revised up.
Weekly claims were lower than the consensus forecast.
Link
Calculated Risk: Weekly Initial Unemployment Claims Decrease to 222,000
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The DOL reported:
In the week ending July 6, the advance figure for seasonally adjusted initial claims was 222,000, a decrease of 17,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 238,000 to 239,000. The 4-week moving average was 233,500, a decrease of 5,250 from the previous week's revised average. The previous week's average was revised up by 250 from 238,500 to 238,750.
emphasis added
The following graph shows the 4-week moving average of weekly claims since 1971.
Click on graph for larger image.
The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims decreased to 233,500.
The previous week was revised up.
Weekly claims were lower than the consensus forecast.
Link
Calculated Risk: Weekly Initial Unemployment Claims Decrease to 222,000
Sent from my iPhone using TSP Talk Forums
Goldman issues warning on how quickly market confidence has recovered from an August stocks slump
Goldman Sachs concerned by how quickly market confidence has recovered
Goldman Sachs concerned by how quickly market confidence has recovered
weatherweenie
Well-known member
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