North American economy in retreat

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1 year 1 week ago #124257 by Gambler
Gambler replied the topic: North American economy in retreat
ah ha, when we guess higher, it is lower

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December’s payroll and wage growth missed expectations.
The Labor Department said nonfarm payrolls increased by just 145,000 while the unemployment rate held steady at 3.5%.
Economists surveyed by Dow Jones had been looking for job growth of 160,000. The jobless rate met expectations for staying at a 50-year low.
A more encompassing jobs rate that includes discouraged and underemployed workers fell to 6.7%, the lowest it’s ever been in records going back to 1994.

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1 year 1 week ago #124252 by alexgreat
alexgreat replied the topic: North American economy in retreat
I guess 195k

The Bureau of Labor Statistics will release its latest employment report Friday at 8:30 am ET. Economists expect the report to show that 164,000 new jobs were added in December, according to a poll by Refinitiv.

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1 year 1 month ago #124105 by GoldnBoy
GoldnBoy replied the topic: North American economy in retreat
Another slap on the wrist and off the banksters go to the next fraud

By Jonathan Stempel
Reuters
Tuesday, December 17, 2019

NEW YORK -- Thirteen prominent banks and financial services companies agreed to pay $337 million to resolve claims by investors that they conspired to rig prices of bonds issued by mortgage companies Fannie Mae and Freddie Mac for a decade.

The preliminary settlements filed late Monday night in federal court in Manhattan require a judge's approval, and would conclude private nationwide antitrust litigation brought against 16 defendants, with settlements totaling $386.5 million.

www.reuters.com/article/us-fannie-mae-fr...in-u-s-idUSKBN1YL1RK

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1 year 1 month ago #124063 by RonS
RonS replied the topic: North American economy in retreat
One way to help the economy is wipe out student debt. We could really use this in Canada too. Two of my siblings are still struggling with this

n ancient Babylon, a newly enthroned king would declare a jubilee, wiping out the population’s debts. In modern America, a faint echo of that idea -- call it jubilee-lite -- is catching on.

Support for write-offs has been driven by Democratic presidential candidates. Elizabeth Warren says she’d cancel most of the $1.6 trillion in U.S. student loans. Bernie Sanders would go further -– erasing the whole lot, as well as $81 billion in medical debt.

www.bloomberg.com/news/articles/2019-12-...topic-now-in-america

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1 year 1 month ago #124032 by WealthyPlumber
WealthyPlumber replied the topic: North American economy in retreat
Wow strong report

The US added 266,000 new jobs in November boosted by the return to work of striking auto workers.

Economists had expected job growth to 187,000 in November, up from 128,000 in October and boosted by the return to work of 48,000 GM workers following a 40-day strike.

Manufacturing employment rose by 54,000 in November, following a decline of 43,000 in the prior month. Healthcare added 45,000 jobs.

www.theguardian.com/business/live/2019/d...ariffs-business-live

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1 year 1 month ago #124029 by lynnsa10
lynnsa10 replied the topic: North American economy in retreat
GB, that is the wrong report, latest jobs # out today. I am guessing 200k

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1 year 1 month ago #124024 by GoldnBoy
GoldnBoy replied the topic: North American economy in retreat
Wow, pretty good number

Employers added 312,000 jobs to the US economy in December — nearly double the 178,000 new positions economists had expected, according to the latest jobs report from the Bureau of Labor Statistics.

And gold moved higher on the news

www.vox.com/policy-and-politics/2019/1/4...s-report-312000-jobs

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1 year 1 month ago #124021 by Gambler
Gambler replied the topic: North American economy in retreat
any guesses on jobs #, estimates at 185k I go with 17ok

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1 year 2 months ago #123795 by Gambler
Gambler replied the topic: North American economy in retreat
Numbers were better than expected, probably to make the Fed pause decision look good lol

U.S. hiring was surprisingly solid last month as employers added 128,000 jobs despite a General Motors strike that held down overall payrolls and the loss of 20,000 temporary census workers, easing recession concerns.

The unemployment rate rose from a 50-year low of 3.5% to 3.6%, the Labor Department said Friday.

Economists surveyed by Bloomberg expected 85,000 job gains.

Even more encouraging: Job gains for August and September were revised up by 95,000. August’s additions were bumped from 168,000 to 219,000 and September’s from 136,000 180,000.

The six-week GM strike was expected to reduce employment by the company’s 46,000 idled workers, as well as about 9,000 employees at auto suppliers indirectly affected, according to Morgan Stanley. That’s a blip that’s likely to boost November payrolls since striking workers will be back on the job, the research firm said

Other transitory crosscurrents, however, also could have distorted the figures. October rebounds in employment after hurricanes in 2017 and 2018 may have skewed Labor’s seasonal adjustment of the raw numbers, further tempering the job gains, Goldman Sachs said.

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1 year 2 months ago #123794 by GoldnBoy
GoldnBoy replied the topic: North American economy in retreat
Economists expect Friday’s U.S. payrolls report will show job growth slumped to a five-month low in October, though it may be trickier than usual to sort out the true underlying trend.

The data will likely reflect the impact of 46,000 striking General Motors Co. workers, as well as related effects from any idling at the company’s suppliers and contractors.

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1 year 3 months ago #123624 by RonS
RonS replied the topic: North American economy in retreat
another bad data point for US economy

Attachments:

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1 year 4 months ago #123502 by GoldnBoy
GoldnBoy replied the topic: North American economy in retreat
Job numbers pretty weak today at 130k

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