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Labor Market: Stronger Than Expected with Claims at 6-Year Low
Payroll processor ADP reported Wednesday that the number of jobs added to payrolls soared to 200,000 in July, while the number of planned layoffs dropped 4.2 percent from June to 37,701. In addition,...
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Gold and Silver Finish Flat, Central Bankers Remain Very Accommodating
On Thursday, gold (NYSEARCA:GLD) futures for December — the most active contract — edged $1.80 lower to close at $1,311.20 per ounce, while silver (NYSEARCA:SLV) futures for September closed flat at...
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Thursday Morning Cheat Sheet: 3 Stories Moving Markets
Markets were mixed in Asia on Thursday. Japan’s Nikkei index slid 1.59 percent to 13,605.56 after heavy selling pressure at the end of the trading day, and the yen strengthened to 96.346 against the...
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Does the Labor Market Recovery Need a Band-Aid?
Weekly layoffs have declined steadily since the recession. But much evidence has been served up in recent economic reports suggesting that while the labor market is gradually improving, hiring has not...
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Thursday Morning Cheat Sheet: 3 Stories Moving Markets
Markets declined in Asia on Thursday. Japan’s Nikkei index lost 2.12 percent to 13,752.90 following comments from officials that downplayed a possible corporate tax cut. The yen strengthened to...
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Good News: Labor Market, Jobless Claims at Pre-Recession Levels
With 320,000 new applications, first-time claims for unemployment benefits dropped to pre-recession levels and a six-year low. Save Time Make Money! A new stock idea each week for less than the cost...
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Silver Outperforms Everything as Dow Sinks 225 Points
On Thursday, gold (NYSEARCA:GLD) futures for December — the most active contract — jumped $27.50 to close at $1,360.90 per ounce, while silver (NYSEARCA:SLV) futures for September soared $1.15 to...
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Thursday Morning Cheat Sheet: 3 Stories Moving Markets
Markets were mixed in Asia on Thursday. Japan’s Nikkei closed the day down 0.44 percent at 13,365.20 following the release of the Federal Open Market Committee minutes, which showed broad support for...
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Weak Weekly Numbers Aside, Jobless Trend Stays Positive
In keeping with the slightly improving, slightly shaky trend that has characterized the measure of weekly jobless claims recently, Thursday’s report from the Department of Labor showed another uptick...
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Thursday’s Midday Movers: 3 Stories Driving Markets
The major U.S. stocks were gaining Thursday thanks to stronger-than-expected global manufacturing data. As of noon: DIJA: +0.31% to 1,4944.28 S&P 500: +0.65% to 1,653.44 NASDAQ: +0.91% to 3,632.43...
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Gold Remains Near $1,400 After Economic Reports
On Thursday, gold (NYSEARCA:GLD) futures for December — the most active contract — edged 70 cents higher to close at $1,370.80 per ounce, while silver (NYSEARCA:SLV) futures for September increased 7...
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Falling Jobless Claims Suggest Future Strength
Earlier this month, when from the Department of Labor reported that the United States economy added the fewest number of workers in four months in July with the majority of the job gains coming in the...
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Thursday’s Midday Movers: 3 Stories Driving Markets
The major U.S. markets were improving Thursday thanks to a better-than-expected U.S. economic growth report. As of noon: DIJA: +0.56% to 14,907.61 S&P 500: +0.66% to 1,645.69 NASDAQ: +1.13% to...
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Precious Metals Decline on Upbeat Economic Reports
On Thursday, gold (NYSEARCA:GLD) futures for December — the most active contract — fell $5.90 to close at $1,412.90 per ounce, while silver (NYSEARCA:SLV) futures dropped 30 cents to finish at $24.14....
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Challenger: Rising Layoffs Don’t Spell Economic Doom
For months, the number of planned layoffs have been trending down, and even if they did not always fall below year-ago levels, they were on pace to fall below 2012’s total of 523,362 — which was the...
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Are August Employment Gains Just What the Fed Wanted?
According to Moody’s Analytics chief economist Mark Zandi, whose firm helps compile the ADP National Employment Report, “it is steady as she goes in the job market.” While the 176,000 jobs that United...
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Jobless Claims Are Dropping, But What About Hiring?
Policy makers and economists are combing through August’s jobs data with one key question in mind. Has the labor market improved substantially? A brief perusal of the Department of Labor’s weekly...
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Precious Metals Struggle as Jobless Claims Promote Bond Tapering
On Thursday, gold (NYSEARCA:GLD) futures for December — the most active contract — dropped $17 to close at $1,373 per ounce, while silver (NYSEARCA:SLV) futures declined 16 cents to finish at $23.26....
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Jobs Report: Here’s Why the News Is Not So Great
In August, as in July, the employment situation fell short of providing convincing evidence that the labor market was returning to full health. The United States economy added fewer jobs than...
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Employers Hoarding Labor: Here’s Why That’s Bad News
“It’s just a very tough job market now. There’s no other way of putting it,” Daniel Opler, professor of history and a labor expert at the College of Mount St.Vincent, told CNBC for a Labor Day...
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