Labor Department Shows 74k Jobs Added In December
This morning, the Labor Department released its December payroll report that showed just 74,000 jobs were added last month. This marks the smallest increase since January 2011 and is significantly below the consensus estimates.
European Stocks Head Higher Before U.S. Jobs Report
Investors bid indices up on Friday ahead of U.S. labor market figures which are expected to show the economy added about 196,000 private sector jobs in December, with a steady unemployment rate of 7 percent.
U.S. Stock Futures Look Ahead To Jobs Report
U.S. stock futures rose Friday ahead of the release of the closely watched monthly employment report from the Labor Department. Dow Jones industrial average index futures added 0.2%, Standard & Poor's 500 index futures rose 0.3% and Nasdaq index futures were up 0.2%. Economists are forecasting that employers added 180,000 jobs last month. On Thursday, the Dow fell 0.4% to 15,821.51. In energy trading, benchmark U.S.
Labor Picture Continues To Improve
This morning, the ADP payroll survey showed 176,000 new jobs were added in August, below the June and July figures, but in line with the average monthly gain for 2013. Results nearly matched economists' expectations for the month, but all eyes will be on the Labor Department's official report due on on Friday morning.
204k Jobs Added In October
This morning, the Labor Department reported a strong surge in job growth as employers added 204,000 new jobs in October. The report also noted that employers added 60,000 more jobs than previously reported in August and September.
Daily Market Wrap: January 4, 2013
The markets edged up into positive territory today as investors took in some economic data which showed a steady improvement in the job market. The Labor Department said US employers added 155,000 new jobs in December while the unemployment rate ticked up slightly to 7.8 percent.
Jobless Claims Fall In Positive Sign For Labor Market
The number of Americans filing new claims for unemployment benefits fell last week to the lowest level in nearly a month, a hopeful sign for the labor market. Initial claims for state unemployment benefits decreased 42,000 to a seasonally adjusted 338,000, the Labor Department said on Thursday. The four-week moving average for new claims, which irons out week-to-week volatility, increased 4,250 to 348,000.
Look Out Jobs Market: Pitfalls Ahead
Like a plodding pachyderm, the latest data shows the U.S. jobs market is only trudging along. The Labor Department reports there were 155,000 new jobs added in December, while November's gains were upwardly revised to 161,000. And the unemployment rate hovers at 7.8 percent. Economist, Max Wolff at Greencrest Capital says last month's data closed out 2012 like a carbon copy of 2011. "We're growing but barely so as you'd notice."
Labor Costs Rise In Fourth Quarter
Labor costs rose in the fourth quarter, with the biggest jump in wages and salaries since 2009, but there was still little sign of wage inflation amid slack in the jobs market. The Employment Cost Index, the broadest measure of labor costs, increased 0.5 percent after rising 0.4 percent in the third quarter, the Labor Department said on Friday. Economists polled by Reuters had expected labor costs to increase 0.4 percent.
Deutsche Bank Remains Bullish on U.S. Labor Outlook
Despite the most bullish Wall Street forecast for the December jobs report, which reported far below consensus expectations, Deutsche Bank Senior Economist Carl Riccadonna tells TheStreet's Joe Deaux that they remain optimistic about the U.S. labor situation.
Jobless Claims Fell Last Week, Labor Market Firming
The number of Americans filing new claims for unemployment benefits last week fell slightly more than expected, pointing to an economy that was continuing to gain steam. Initial claims for state unemployment benefits declined 15,000 to a seasonally adjusted 330,000, the Labor Department said on Thursday. However, claims for the prior week were revised to show 6,000 more applications received than previously reported.
Stocks Rally on Labor Market Hopes
The S&P 500 closes at a record high as investors bet on improving labor trends. The tech-heavy Nasdaq was a laggard but stocks crossed the finished line higher nonetheless.