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North American economy in retreat

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3 weeks 10 hours 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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1 month 2 weeks 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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2 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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2 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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3 months 2 weeks ago #119863 by GoldnBoy
GoldnBoy replied the topic: North American economy in retreat

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6 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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6 months 2 weeks ago #119357 by Gambler
Gambler replied the topic: North American economy in retreat
jobs numbers pretty dismal, was suppose to be a big rebound from September they blamed hurricanes so 18,000 in sept. add the 261k for Oct. we have 279,000 for the 2 months so average is only 140k per month

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8 months 3 weeks ago #118835 by RonS
RonS replied the topic: North American economy in retreat
GB, it was a miss alright, but the other direction

The U.S. economy created 156,000 jobs in August while the unemployment rate edged higher to 4.4 percent, according to a closely watched government report Friday.

Economists surveyed by Reuters had been expecting payrolls to grow by 180,000 in August and the unemployment rate to hold steady at 4.3 percent. A broader measure that includes discouraged workers and those holding part-time jobs for economic reasons also was unchanged at 8.6 percent.

In addition to missing estimates, previous months' job totals also were cut. June was revised down from 231,000 to 210,000 while July fell from the initially reported 209,000 to 189,000, the Bureau of Labor Statistics said.

Wage growth also was weak for the month, with average hourly earnings up 0.1 percent for an annualized rate of 2.5 percent. The average work week declined by 0.1 hour to 34.4 hours.

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8 months 3 weeks ago #118830 by Gambler
Gambler replied the topic: North American economy in retreat
Any guesses on jobs # this morning, about 180,000 consensus. I think a bit higher around 200,000

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9 months 2 weeks ago #118644 by RonS
RonS replied the topic: North American economy in retreat
Well 209,000 came in a bit on the high side. Did not check birth death rate model though??

www.wsj.com/livecoverage/july-jobs-repor...-employment-analysis

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9 months 2 weeks ago #118635 by Gambler
Gambler replied the topic: North American economy in retreat
Seems everyone gave up on guessing jobs numbers in US, 183,000 expected to be added, reported today

Seems media does not focus much here, instead it is all about what is wrong with Trump

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9 months 4 weeks ago #118525 by GoldnBoy
GoldnBoy replied the topic: North American economy in retreat
And retail sales have been lousy

May seen biggest slump in 16 months

www.latimes.com/business/la-fi-retail-sales-20170614-story.html

And June numbers were a 0.2% decline when a gain was expected

www.cnbc.com/2017/07/14/us-retail-sales-june-2017.html

I think the market rally based on recovery from new Trump administration is just hope with reality not likely

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