Tag Archives: jobs

The 10th anniversary of the death of legendary Apple (AAPL) CEO Steve Jobs on Tuesday brought a memorial from the company and a note of remembrance from current CEO Tim Cook.  The day also saw the release of a new business memoir entitled, “Play Nice But Win,” from Dell Technologies (DELL) Chairman and CEO Michael Dell, a longtime rival of Jobs in the high-profile and high-stakes battle between the PC and the Mac. But the competition hasn’t stopped Dell from admiring Jobs. In a new interview,… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, September 7, 2021 With unemployment down and pay up, Delta variant is clearly ‘scaring off customers’ The usual summer doldrums — and one particularly implacable virus — clearly took its toll on U.S. job creation last month. The market’s most closely watched high-frequency data series was an unmitigated letdown in August, with new… Source link

The August jobs report added just a third of the jobs expected, changing the expectations for the Fed’s future moves. Economists agree that the rising specter of the Delta variant over the economy is responsible for the slowdown in jobs numbers. Though demand for labor is still strong, the changes in the economy’s trajectory make it “unlikely” the Fed will announce a taper at the September meeting, Bank of America analysts wrote in a note Friday. A taper is when the Fed slows down its… Source link

The August jobs report out just before Labor Day missed big. The economy added just 235,000 new payrolls, dramatically falling short of expectations of 733,000 — by a third. The unemployment rate stayed the same at 5.4%. So why did it miss so big? Expectations underestimate the rising number of COVID cases. It sounds obvious in retrospect, but this month’s data encompasses the Delta variant’s economic impact, particularly on the leisure and hospitality sector. After adding 415,000 jobs in… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, September 3, 2021 The August jobs report matters like every other jobs report.  In just a few hours, the Labor Department will release the August jobs report, and expectations are that hiring slowed down last month.  Consensus estimates call for non-farm payroll growth of 725,000 during the month, with the unemployment rate expected to… Source link

Stock futures were in a holding pattern Thursday evening before the release of the Labor Department’s August jobs report, which will offer the latest look at the state of the U.S. labor market recovery. Contracts on the S&P 500 hugged the flat line after the index set a record intraday and closing high during Thursday’s regular trading day. The Nasdaq had also set a record high, while the Dow ended a three-session losing streak to close in the green. Investors are anxiously awaiting the Source link

Stock futures traded sideways Wednesday evening as investors awaited more data on the labor market’s recovery, which will serve as crucial information in determining the path forward for the monetary policies underpinning risk assets over the past year. Contracts on the S&P 500 were little changed as the overnight session kicked off. Nasdaq futures also hovered near the flat line, after the index set an all-time high during Wednesday’s regular trading day. The indexes’ latest march to record… Source link

The Federal Reserve has telegraphed that it will soon take the first steps in paring back its extraordinary monetary stimulus to the economy, but Fed officials are split on exactly when to start that process. For many of the 18 policymakers on the central bank’s Federal Open Market Committee, it could all come down to a single point of data due this week. “A non-committal Fed puts the focus squarely on Friday’s jobs report,” ING Economics wrote Tuesday. The August jobs report, to be… Source link

Federal Reserve Governor Christopher Waller said Friday that if the August jobs report next week shows more than 850,000 payroll gains, he would advocate taking the first steps in pulling back the Fed’s easy money policies. “I would like to go early this fall,” Waller told Yahoo Finance in an exclusive interview on Friday. “I don’t see any reason that we would need to wait until next year. That’s my own view, unless something really bad comes out in the job market report next… Source link

Just when you thought you would never belly laugh harder than when Elon Musk decided to demonstrate the Cybertruck’s shatterproof windows, along comes AI Day 2021 – a day that we’re certain is going to live in Tesla-infamy for one reason or another. Naturally, having solved the issues of making cars profitably and achieving the company’s goal of 1 million robotaxis on the road, Tesla took yesterday’s event as an opportunity to reveal their next game-changing product that doesn’t exist, a… Source link