The report fails to capture the full damage from the virus because of government methodology. The Bureau of Labor Statistics used as its reference period the week ending March 12, which came just as the nation began its near shutdown. A better picture of how profound the damage has been com...
“The report is unambiguously good,” said Ed Campbell, portfolio manager at QMA. “Strong growth and decent but not runaway wage growth should be good for stocks. Of course, we’ve had such a strong week, the markets are taking this in stride given how much we’ve been up so far.”...
March jobs report depresses Treasuries.(Markets)Patterson, Dean
–Governor Gavin Newsom released the following statement on Friday’s March jobs report which showed that California added 119,600 jobs in March and 156,100 jobs in February:“California’s economic recovery depends on bringing back the businesses and jobs we’ve lost over the past year. That...
But the day’s focus will remain firmly on the better-than-expected non-farm payroll report for March. A total of 216,000 jobs were created in March, reported the Bureau of Labor Statistics this morning. This compared to market expectations of 195,000 and the revised February tally of 194...
However, the March jobs report also notes that employment in January and February 2022 was higher than previously reported — by 95,000 jobs. Based on these adjustments, the United States has added nearly 1.7 million jobs since the start of 2022, or about 562,000 jobs per month. ...
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(MoneyWatch) The March jobs report was a disappointment: Only 120,000 new jobs were created, versus expectations of over 200,000 and the unemployment rate dropped to 8.2 percent from 8.3 percent in February, leaving 12.7 Americans still out of work. Given the three previous' months results, ...
The July jobs report was unexpectedly weak, bringing the second-lowest monthly jobs gain this year, i.e., 114,000 jobs, according to the Bureau of Labor Statistics (BLS). In addition to underwhelming job gains, the unemployment rate, rising at a steady clip, is fueling economists’ ...
It fell by 60 basis points in March, when the economy lost 701,000 payrolls. Zandi said a second measure of unemployment in the report may be more practical. He said U6 includes people who are not actively looking for work but would take a jo...