Stock market today, July 17, 2014: The Dow Jones Industrial Average finished up yesterday (Wednesday) for its 15th record-breaking close in 2014. U.S. Federal Reserve Chairwoman Janet Yellen testified before Congress, reiterating that the economy remains vulnerable to a struggling job market and stagnating wages - two reasons why the central bank will continue its loose monetary policy in 2014.
Here are the top headlines in the stock market today you should know to make your Thursday profitable...
U.S. Labor Department Jobs Report: Big Gains in June, but Still Lagging Behind
Optimism surrounded Thursday's release of the June U.S. Labor Department Jobs Report, but although the numbers were better than expected, we still have plenty to worry about, and the economy is still in trouble.
Employers added 288,000 jobs in June. The unemployment rate dipped to 6.1% from 6.3%, the lowest level since September 2008.Despite some encouraging figures in the jobs report, it is still peppered with troubling data - like these dismal numbers...
May Jobs Report: Employment Exceeds Pre-Recession Peak, but Hold the Cheers…
The May jobs report had the potential to pass for decent, but then we looked at the labor force participation rate...See why this latest U.S. jobs report is flashing some warning signs about our economy.
Labor Department Jobs Numbers Show 806,000 Left the Workforce
The U.S. Labor Department jobs numbers for April came out today, and as usual they aren't as good as the government wants us to believe...
The report showed that U.S. employers added 288,000 jobs last month. The unemployment rate fell to 6.3% from 6.7%, beating the estimate of 6.6%.At first glance, headline numbers from the April jobs report looked impressive. But after some digging, it’s apparent the real story is different…
March Jobs Report: Still Stuck in Second Gear
The highly anticipated March jobs report out today supported what U.S. Federal Reserve Chair Janet Yellen said earlier this week: The job market is not back to normal and the Fed has more to do on the unemployment front.
This morning, the U.S. government announced that the economy barely missed expectations of 200,000 new jobs in March 2014, adding 192,000 jobs. The unemployment rate remained unchanged at 6.7%.
The lukewarm announcement was cheered mainly for its revisions for... To continue reading click here...
- Dismal December Jobs Report Tells Us What the Government Doesn't Want To After several months of promising reports, December's brutally low numbers delivered a sobering dose of reality. Even a welcome decline in the unemployment rate to 6.7% masked bad news. But the key point now is what this jobs report tells us about the health of the U.S. economy, and, in particular, what that means for stocks...
What the November Jobs Report Means for "Dectaper"
Good news is actually good news on Wall Street today.
Stocks rallied Friday following a robust November jobs report that showed U.S. employers continued to add jobs at a steady pace last month, which pulled the unemployment rate down to a five-year low at 7.0%.To continue reading, please click here...
- October Jobs Report: Labor Force Shrinks to 35-Year Low The October jobs report looks surprisingly strong – until you dig deeper. Employers increased headcount, yet the labor force hit a 35-year low. The unemployment rate actually went up, as did the number of temporary workers. All those trends are going in the wrong direction. And here's what that means for the markets...
Here's How Many Jobs We Need to Add Every Month for the Next Four Years
Money Morning Capital Wave Strategist Shah Gilani joined Stuart Varney of FOX Business' "Varney & Co." today (Wednesday) to go over the bungled and belated September jobs report.
This month's Bureau of Labor Statistics' report, initially scheduled for release Oct. 4, was delayed until Oct. 22 on account of the government shutdown. But it looks like the extra days didn't help sort out jobs data - the BLS is now under fire for releasing numbers that simply don't add up.To continue reading, please click here...
- Beware the Strange Data in the September Jobs Report The September jobs report, delayed for weeks because of the government shutdown, is not at all what anyone expected. Not only did the headline number of 148,000 jobs fall far short of expectations but a lot of the underlying numbers just don't quite add up. Here's why we're skeptical of the latest jobs report...
Ten Numbers Shaking the World Right Now
131 Initial Public Offerings (IPOs) have been priced this year, a 44% increase over 2012. This puts 2013 on track to be the biggest year for IPOs since 2007, before the financial crisis. This almost makes up for the Facebook IPO fiasco, and signals the re-birth of a white hot IPO market. Don't miss this list of promising IPOs set to for the rest of 2013.
Four potential triggers exist that could crash the markets. Fortunately, there are ways to protect yourself from these doomsday scenarios. Perhaps the most dangerous one at the moment is the threat of the Fed ending its $85 billion dollar per month bond-buying spree, part of the QE game. Want to know what else to look out for? Click here for the other three intriguing and terrifying possibilities.Read More...
What the August Jobs Report Means for "Septaper"
Investors generally took the lackluster August jobs report as a sign the U.S. Federal Reserve will hold off announcing a tapering of its $85 billion a month bond program at the Sept. 17-18 Federal Open Market Committee (FOMC) meeting.
The Labor Department reported today (Friday) that U.S. job growth last month increased by a less-than-expected 169,000 jobs, adding to signs that economic growth likely slowed in the third quarter. The unemployment rate dipped in August to 7.3% from 7.4%. Economists were looking for employers to have increased headcount in August some 180,000.Read More...
July Jobs Report Confirms These Major Problems with U.S. Employment
The July jobs report brings the total number of part-time jobs created this year to more than three times the amount of full-time jobs added.
Welcome to America: Land of part-timers...
The trend was pronounced in June when data revealed part-time jobs grew by a robust 360,000 and full-time jobs declined by 240,000. Friday's July jobs report was further proof.Read More...
Today's May Jobs Report: When Bad News is Good News
When bad news is good news for stock markets you know just how convoluted the current economic environment is.
According to the May jobs report out today (Friday), the U.S. unemployment rate ticked up to 7.6% in May from 7.5% in April, the first increase since the start of 2013. And, markets rallied on the news. The Dow Jones soared more than 200 points by mid-day.
Some will say the May jobs report was good news - thousands of out-of-work people returned to the work force, and the 175,000 jobs added beat expectations.
The reality is we're just treading water. And the labor force participation rate is still at 30-year lows.
But the real good news is the jobs report means more U.S. Federal Reserve support, which will fuel markets already hitting record highs.Read More...
April Employment Report Begins to Show the Signs of the "Obamacare Effect"
Economists breathed a sigh of relief when the Labor Department reported a better than expected April employment report on Friday, but the details show cracks still remain.
Many of the job gains proved to be in lower paying fields and the average number of hours worked dipped.
In fact, April's report revealed the average workweek for private sector employees declined 0.2 hour to 34.4 hours.
The data also suggests The Affordable Health Care Act, aka Obamacare, is already having an impact on hiring since job growth has slowed most significantly among businesses with 50-499 employees.
This could be the reason why...Read More...