All Posts Tagged With: "Employment"

(WMT) Jobless Claims Stay Range-Bound

We’re again chock-full of data this morning: Initial Jobless Claims are up, Housing Starts are down, Building Permits are up quite a bit, and earnings reports are mixed.

Initial Jobless Claims remain range-bound in the 360-370K area, up 200K this week to 366K from an upwardly revised...

22Aug2012 | | Comments Off on (WMT) Jobless Claims Stay Range-Bound | Continued

(WMT) Jobless Claims Stay Range-Bound

We’re again chock-full of data this morning: Initial Jobless Claims are up, Housing Starts are down, Building Permits are up quite a bit, and earnings reports are mixed.

Initial Jobless Claims remain range-bound in the 360-370K area, up 200K this week to 366K from an upwardly revised...

20Aug2012 | | Comments Off on (WMT) Jobless Claims Stay Range-Bound | Continued

(IBM) U.S. Jobless Claims Swing Back Higher

The weekly Jobless Claims data this morning completely erased the strong gains from last week and then some, which makes one wonder about the underlying health of the U.S. labor market. But irrespective of how one interprets the week-to-week volatility in this series, all agree that the economy has...

23Jul2012 | | Comments Off on (IBM) U.S. Jobless Claims Swing Back Higher | Continued

(ADP) Good News for U.S. Labor Market

Positive domestic data and the resumption of Europe-centric negative headlines will be pushing stocks in opposite directions today. France held an overall successful bond auction, though yields inched up a bit. But Euro-zone worries are getting focused on the region’s banks, which need to tap the...

9Jan2012 | | 0 comments | Continued

U.S. Initial Jobless Claims Fall Again

Initial Claims for Unemployment Insurance fell again this week. This week they fell by 10,000 but only after the previous week was revised up by 3,000. So regardless if you count it as a drop of 10,000 or 7,000, we are still at 390,000. That was better than the expected level of 400,000.

We...

10Nov2011 | | 0 comments | Continued

(AMD) Advanced Micro Devices to Cut 10% of Their Workforce

Advanced Micro Devices Inc. (AMD) plans to eliminate 10% of its workforce or about 1,400 jobs in order to reduce operational costs. This layoff is an attempt by AMD to optimize its cost structure and thereby improve its competitiveness.

The...

8Nov2011 | | 0 comments | Continued

U.S. Initial Labor Claims Fall Below Key 400,000 Level

Initial Claims for Unemployment Insurance finally broke below the key 400,000 level. This week they fell by 9,000, but only after the previous week was revised up by 4,000. So regardless if you count it as a drop of 9,000 or 5,000, we are still at 397,000. This was slightly better than the expected...

3Nov2011 | | 0 comments | Continued

(ADP) Automatic Data Processing Sees 110K Jobs Gained

The Automatic Data Processing (ADP) employment survey was stronger than expected in October. It shows that private sector employment rose by 110,000, above consensus expectations for a 100,000 increase. The September numbers were revised...

2Nov2011 | | 0 comments | Continued

Continuing Jobless Claims Fall to 3.7 Million

The data on regular continuing claims was encouraging this week. Regular continuing claims for unemployment insurance fell by 52,000 to 3.700 million.

The overall trend is in the right direction. They are down by 752,000 or 17.0% from a year ago.  Regular claims are paid by the state governments,...

6Oct2011 | | 0 comments | Continued

Initial Jobless Claims Fall – Extended Claims Plunge

Initial Claims for Unemployment Insurance fell by 9,000 last week to 423,000. This was worse than the expected level of 418,000. Last week’s numbers were revised upwards by 4,000, so one could see it as a decrease of 5,000. Recently, jobless claims seem stuck once again in a trading range above...

6Oct2011 | | 0 comments | Continued

(ADP) ADP Employment Survey Sees 91K Private Jobs Added

The Automatic Data Processing (ADP) employment survey was stronger than expected in September. It shows that private sector employment rose by 91,000, above consensus expectations for a 48,000 increase. The August numbers were revised...

6Oct2011 | | 0 comments | Continued

(GS) Volcker Rule Extension Risks Jobs?

The controversial Volcker Rule that restricts proprietary trading of U.S. banks may also be enforced on foreign banks with operations in the country, Bloomberg reported on Friday, following communication with four people familiar with the matter.

The legislation is part of the Dodd-Frank Act,...

20Sep2011 | | 0 comments | Continued

(BAC) Bank of America to Dismiss 30,000 Workers

In a statement released on Monday, Bank of America Corp. (BAC) confirmed its plan to retrench about 30,000 workers under the first phase of its ongoing cost-cutting initiative –– Project New BAC. This will reduce BofA’s 288,000...

20Sep2011 | | 0 comments | Continued

(ADP) Automatic Data Processing Reports ADP Survey Sees 91K Job Gains in August

The Automatic Data Processing (ADP) employment survey was slightly weaker than expected in August. It shows that private sector employment rose by 91,000, below consensus expectations for a 100,000 increase. The July numbers were also...

14Sep2011 | | 0 comments | Continued

(VZ) U.S. Initial Jobless Claims Rise Again

Initial Claims for Unemployment Insurance rose by 22,000 last week to 414,000. This was worse than the expected level of 400,000. Last week’s numbers were revised upwards by 3,000, so one could see it as an increase of 5,000.

Recently, initial jobless claims seemed stuck once again in a trading...

11Sep2011 | | 0 comments | Continued

(MCD) Ugly U.S. Jobs Report in Depth Part 2

This month’s employment report was just plain ugly. There were, on balance, NO new jobs created in August, according to the establishment survey. Also, the job creation totals for July were cut to 85,000 from 117,000, and for June to just 20,000 from last month’s estimate of 46,000. We were also...

11Sep2011 | | 0 comments | Continued

(VZ) Ugly U.S. Jobs Report in Depth Part 1

The total number of people employed was unchanged in August, not a single job gained or lost. That is much worse than consensus expectations for a gain of 75,000.

This report was also worse than the ADP report on Wednesday. That report showed 91,000 private sector jobs created, and the expectations...

11Sep2011 | | 0 comments | Continued

(BAC) Bank of America to Layoff 40,000 Workers

Bank of America Corp. (BAC) is mulling over retrenching 40,000 workers under the first phase of a proposed restructuring program to recover its financial position, the Wall Street Journal reported following communication with...

11Sep2011 | | 0 comments | Continued

(VZ) U.S. Jobless Claims Fall – All Eyes on Friday

September has not been a very happy month for stocks in the past. But we all want to put August’s unusual turbulence behind us and look forward to something stable, if not necessarily exciting. The month-to-month peculiarities notwithstanding, we all know that at the end of the day the market’s...

1Sep2011 | | 0 comments | Continued

Reassuring Jobs Report

Today’s better-than-expected jobs report is reassuring enough to help reverse the extreme negative sentiment that was behind the sharp market sell off on Thursday. What does it reassure us of? It shows that we are not heading in the direction of another recession.

On the other hand, it...

5Aug2011 | | 0 comments | Continued

(GM) U.S. Jobless Claims

The economy remains in the spotlight as the news flow of the last few days has painted a less than flattering picture of the recovery. We now know that the manufacturing and service sectors lost ground as they entered the third quarter. We will have the full picture of the economy in July after Friday’s...

4Aug2011 | | 0 comments | Continued

(DD) U.S. Posts Needed Positive Labor Market Report

The debt ceiling debate continues to monopolize headlines, even as a barrage of earnings reports and a surprisingly positive labor market reading try to gain the market’s attention. Weekly Jobless Claims numbers dropped by a bigger-than-expected level, which if sustained in the coming weeks...

28Jul2011 | | 0 comments | Continued

(ADP) Automatic Data Processing Sees Better than Expected Growth

The Automatic Data Processing (ADP) employment survey was much stronger than expected in June. It shows that private sector employment rose by 157,000, far above consensus expectations for a 60,000 increase. That marks a nice acceleration...

11Jul2011 | | 0 comments | Continued

U.S. Publishes Awful Jobs Report In Depth – Part 1

This is the first part of our jobs report analysis. To read part two, please click here.

The economy added a total of just 18,000 jobs in June. That is much worse than consensus...

11Jul2011 | | 0 comments | Continued

(AA) Employment Numbers Stink – Bureau of Labor Statistics

Wow — this is a big miss. With analysts expecting 125,000 new jobs created in the the month of June, the Bureau of Labor Statistics (BLS) has just released the June nonfarm payroll numbers: a whopping total of 18,000 new jobs. This is also a surprise considering yesterday’s better-than-expected...

8Jul2011 | | 0 comments | Continued

(ADP) ADP Jobless Claims Set Table

Before the bell this morning, the ADP (ADP) payroll and jobless claims reports hit the headlines, prior to 2nd quarter earnings season beginning next week and tomorrow’s important Bureau of Labor Statistics (BLS) non-farm payroll...

7Jul2011 | | 0 comments | Continued

(STZ) U.S. Jobless Claims Remain High

The positive momentum in the stock market over the last few days reflected growing expectations of a positive outcome for the Greek story. Wednesday’s successful parliamentary vote, to be followed by another vote today, paves the way for the beleaguered nation to get the funding lifeline from...

30Jun2011 | | 0 comments | Continued

(KR) U.S. Initial Jobless Claims Fall Slightly

Initial Claims for Unemployment Insurance fell by 1,000 last week to 428,000. This was worse than the expected level of 420,000. Last week’s numbers were unrevised. The trend in initial claims had downward, although there were some bumps along the way. Recently they seem stuck once again in a trading...

30Jun2011 | | 0 comments | Continued

(WMT) U.S. Initial Jobless Claims Up Again

Initial Claims for Unemployment Insurance rose by 9,000 last week to 429,000. This was worse than the expected level of 413,000. Last week’s numbers were revised up by 6,000, so one could see it as a 15,000 increase. The trend in initial claims had been downward, though there were some bumps along...

23Jun2011 | | 0 comments | Continued

(CAG) U.S. Labor Department Reports Weak Jobless Claims

Stocks will likely continue to reflect what Fed Chair Bernanke said, or didn’t say, on Wednesday even as we got another negative labor market report this morning. The weak growth picture emerging out of the Fed chief’s news conference and today’s Jobless Claims report will likely...

23Jun2011 | | 0 comments | Continued