North American economy in retreat

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7 months 2 weeks ago #126658 by lynnsa10
lynnsa10 replied the topic: North American economy in retreat
Came in at 559K, so a bit of a miss as you suggested

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7 months 2 weeks ago #126656 by alexgreat
alexgreat replied the topic: North American economy in retreat
Alex, I think another miss, lower number, too many people don't want to work

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7 months 2 weeks ago #126655 by alexgreat
alexgreat replied the topic: North American economy in retreat
Economists expect the report to show that non-farm payrolls increased by 650,000 jobs, marking a significant acceleration from last month's tepid gains. The unemployment rate is also expected to have fallen to 5.9%, from 6.1% in the prior month, while average hourly earnings likely rose 0.2%, after gaining 0.7% in April.

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1 year 1 week ago #126166 by lynnsa10
lynnsa10 replied the topic: North American economy in retreat
Don't forget XMAS seasonal hiring, well at least at Amazon lol I say +50k

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1 year 1 week ago #126165 by alexgreat
alexgreat replied the topic: North American economy in retreat
I think number will be weaker, -20k

Consensus estimates see 75,000 jobs added last month, less than a third of November's gains, as the coronavirus spread rapidly across the U.S. A number of Wall Street firms even see negative job growth, with predictions from Goldman Sachs, JPMorgan, Credit Suisse and Barclays ranging from a loss of 25,000 to 50,000 positions.

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1 year 1 month ago #126028 by RonS
RonS replied the topic: North American economy in retreat
Good interview with Richards

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1 year 1 month ago #125914 by lynnsa10
lynnsa10 replied the topic: North American economy in retreat
No job guesses this month. Not good news, looks like the double dip recession and a very ruff recovery that RonS mentioned is on it's way

The U.S. economy added 245,000 jobs in November, as the unemployment rate fell to 6.7 percent, according to data released Friday by the Bureau of Labor Statistics. Economists had predicted the economy would gain around 440,000 jobs.

Amid a fresh surge in coronavirus cases and a new round of shutdowns, Friday's figure represents the fifth straight month of decelerating job gains. It is by far the lowest monthly total since the economy started its halting recovery.

www.nbcnews.com/business/economy/u-s-eco...inal-report-n1249983

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1 year 3 months ago #125674 by DearJohn
DearJohn replied the topic: North American economy in retreat
Companies including Disney, the insurance giant Allstate and two major airlines announced plans to fire or furlough more than 60,000 workers in recent days, and more cuts are expected without a new federal aid package to stimulate the economy.

www.nytimes.com/2020/10/01/business/econ...ployment-claims.html

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1 year 3 months ago #125670 by alexgreat
alexgreat replied the topic: North American economy in retreat
Job numbers out and weaker than expected. Next month could start to reflect end of wage/job subsidy

Nonfarm payrolls rose by 661,000 in September, lower than the 800,000 Dow Jones estimate.
The unemployment rate was 7.9%, better than the 8.2% estimate.
This is the final jobs report before the November election.

www.cnbc.com/2020/10/02/jobs-report-september-2020.html

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1 year 4 months ago #125619 by Gambler
Gambler replied the topic: North American economy in retreat
Their total assets are of €1.3t and equity of €62b, accordingly, the equity is 4.7% of their total assets. Consequently, loan losses of 5% would wipe out their capital, but strategists have been discussing that the coming loan losses of Deutsche bank could top 25%. So, adding the gross derivatives exposure of $50t, a 0.1% loss would be enough to bankrupt Deutsche Bank.

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1 year 4 months ago #125618 by Gambler
Gambler replied the topic: North American economy in retreat
From 1971 the US$ has lost 98% of it's value.. WOW!!!!!!!

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1 year 4 months ago #125617 by Gambler
Gambler replied the topic: North American economy in retreat
Interesting video on current banking crisis

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