Tag Archives: jobs

The 559,000 jobs the U.S. added in May continue to puzzle economists, who predicted 675,000 additions for the month and 1 million additions a month earlier as the economy recovers. They’ve put forth explanations from lack of child care to persistent COVID-related safety concerns. Now, another culprit can be added to the list: Some potential workers are instead staying home trading Bitcoin and other cryptocurrencies.  “They’re pulling back on the hours they’re looking to work based on what’s… 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 Monday, June 7, 2021 Good, but with plenty to worry about. As usual. “The basic story is of an economy that is recovering well, and which can generally find the workers that it needs,” UBS’s Paul Donovan said on Friday. With that single sentence, Donovan does a nice job capturing the state of the economy. And while some economists and policymakers… 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, June 4, 2021 Is the labor market loose or tight? Friday’s jobs report is a big one.  After April’s disappointing hiring data and some hotter-than-expected inflation data, price pressures and labor competition are the dominant economic stories as we enter an expected summer boom.  And the biggest question investors and economists hope to… Source link

Stock futures opened slightly higher Thursday evening, ticking up as investors awaited a key print on the U.S. labor market. Contracts on each of the S&P 500, Dow and Nasdaq rose after declining during the regular trading day.  Traders are awaiting the May jobs report out Friday morning, which will offer another look at the strength of the labor market recovery and whether the economy has recovered enough to warrant a pivot in monetary policy stance from the Federal Reserve. Consensus… Source link

TipRanks 2 Big Dividend Stocks Yielding 7%; Analysts Say ‘Buy’ Let’s talk about defending your portfolio. It’s a common impulse for most investors, when the economy starts to turn sour. We’re in a growth phase now, with economic activity rebounding strongly from the corona-crisis shutdowns, and with reopening getting into full stride, economists are predicting up to 8% GDP expansion this year. But there are clouds on the horizon. Inflation is rising, and the April jobs report was,… Source link

Joins CNBC and Yahoo Finance to discuss the May results of the Recruiter Index® HOUSTON, TX / ACCESSWIRE / June 2, 2021 / Recruiter.com Group, Inc. (OTCQB:RCRT), an on-demand recruiting platform, is pleased to announce its Chairman and CEO, Evan Sohn, will present the results of the Company’s Recruiter Index® for May 2021 on CNBC’s “The Exchange” and Yahoo Finance Live later this week. Sohn will appear live on CNBC, Thursday, June 3, on “The Exchange,” which airs 1 p.m. to 2 p.m. ET, and on… Source link

TipRanks 3 ‘Strong Buy’ Stocks with 100% Upside Potential Every stock investor wants a strong return; that’s axiomatic, it’s why people get into the stock market to begin with. But the markets are inherently risky, and finding the sweet spot – the right combination of risk and reward – seems as much an art as a science. You can use science, however, to minimize the risk. We’re talking about statistical science, the study of numbers, their patterns, and the relationships between… Source link

TipRanks Buy These 2 New Stocks Before They Jump Over 80%, Says JPMorgan In the past week, investors have had to cope with multiple conflicting signals from the markets. The April jobs report, which was expected to show almost 1 million new positions for the month, showed only 266,000. The official unemployment number ticked upward slightly to 6.1%, and hourly wages also gained – by 0.7%. That last would seem to be a positive – except that, combined with the massive government stimulus… Source link

Perhaps the most appropriate reaction to the miserable jobs report Friday was “Oh,” tweeted by Pantheon economist Ian Shepherdson. As the U.S. economy has shown signs of ramping up, consensus expectations for the April jobs numbers were high. But instead of the 1,000,000 new payrolls expected, only 266,000 new jobs were posted. A whopping miss. Now, the unemployment rate is 6.1% instead of the expected 6.0%, and last month’s jobs numbers were revised downwards as well, to 770,000 from… Source link

Stock futures hugged the flat line Thursday evening as investors awaited a key report on the state of the U.S. economic and labor market recovery out Friday morning. Contracts on the Dow opened slightly lower to pull back after the index hit yet another all-time high during the regular session. The Nasdaq also ended the session higher to end a four-day losing streak. The S&P 500 rose but drifted just below an all-time high. Shares of payments company Square (SQ) jumped more than 2% in late… Source link