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North American economy in retreat

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1 week 3 days ago #121026 by Gambler
Gambler replied the topic: North American economy in retreat
Economy adds more jobs than expected in August, and wage growth hits post-recession high
Nonfarm payrolls grew by 201,000 in August. Economists surveyed by Reuters expected a 191,000 increase.
Average hourly earnings jumped by 2.9 percent, above the 2.7 percent increase expected.
The unemployment rate held near a generational low of 3.9 percent.

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1 month 2 weeks ago #120890 by GoldnBoy
GoldnBoy replied the topic: North American economy in retreat
The US economy added 157,000 jobs in July - 33,000 fewer than expected and well below the 248,000 created in June.

Economists had forecast that the number of jobs created would be close to 190,000 for the month.

The unemployment rate fell from 4.0% to 3.9% in July, the US Department of Labor said, near to the 18-year low it reached in May.

Previous job gain estimates for May and June were revised upwardly, to 268,000 and 248,000 respectively.

The job figures follow data last week that showed the US economy grew at an annualised rate of 4.1% in the second quarter of the year.

Steady growth
The Department of Labor figures also showed average hourly earnings increased by 0.3% in July to $27.05, meaning they were up 2.7% from the same month last year.

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3 months 2 weeks ago #120681 by Gambler
Gambler replied the topic: North American economy in retreat
We too negative, lol

Nonfarm payrolls increased by 223,000 jobs last month, the Labor Department said. Data for March and April was revised to show the economy creating 15,000 more jobs than previously reported. Economists blamed bad weather for the slowdown in job growth over those two months.

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3 months 2 weeks ago #120680 by GoldnBoy
GoldnBoy replied the topic: North American economy in retreat
I will go with 170.000

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3 months 2 weeks ago #120679 by Gambler
Gambler replied the topic: North American economy in retreat
Fed banker Bullard hinted at a slowing of rate increases early this week or late last. I bet they come out with weak number to justify a hesitation in rate increases, especially with a trade war now underway

I bet 155,000

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3 months 2 weeks ago #120678 by RonS
RonS replied the topic: North American economy in retreat
Any guess on the US jobs number this morning. 189,000 expected which is not great. I think a little weaker at 175,000

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4 months 2 weeks ago #120617 by RonS
RonS replied the topic: North American economy in retreat
Treasury Secretary Steven Mnuchin is unconcerned about the bond market's ability to absorb rising government debt after his department said it borrowed a record amount for the first quarter. "By definition supply and demand will equate," he told Bloomberg TV. Net borrowing totaled $488B, exceeding the old record of $483B in Q1 of 2010, a period when the U.S. was struggling to pull out of the financial crisis.

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5 months 1 week ago #120439 by JunglistGuy
JunglistGuy replied the topic: North American economy in retreat
The US economy added 103,000 jobs in March. Pretty bad number, maybe rate increases already having affect

It was the lowest in six months and sharply below economists’ forecasts of 193,000.

The figure for February was revised up to 326,000 from 313,000.

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6 months 1 week ago #120318 by Gambler
Gambler replied the topic: North American economy in retreat
313,000 jobs were added last month, the most since October 2015 and the 89th straight month of gains, a record. Economists had anticipated a gain of about 200,000.

The average hourly wage grew by 0.1 percent. It grew by 0.3 percent in January. The year-over-year increase fell to 2.6 percent from 2.9 percent.
The Takeaway

For Wall Street, the combination of a strong job growth and a modest rise in wages makes for a dream report.

“I love it,” said Ellen Zentner, chief United States economist at Morgan Stanley.

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6 months 1 week ago #120317 by Gambler
Gambler replied the topic: North American economy in retreat
Labor Department at 8:30 EST. The consensus forecast from economists is for nonfarm payrolls to be up 205K from January, although there is a wide range of estimates (152K to 230K) this month. The participation rate is expected to stay at 62.7%, while the unemployment rate is anticipated to move to 4.0% from 4.1%. Keep an eye on the average hourly earnings update amid concerns of wage pressures on corporate profit. Inflation fears could be unleashed if wage growth outpaces the anticipated year-over-year rise of 2.9%.

And the numbers are?

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7 months 2 weeks ago #119863 by GoldnBoy
GoldnBoy replied the topic: North American economy in retreat

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10 months 2 weeks ago #119361 by Hoss
Hoss replied the topic: North American economy in retreat
good point, I just don't see where all this economic strength is they keep talking about?? except the bubbly stock markets

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