Commentary In economics, real economic return is not just an important metric. It’s crucial. That’s why I find it so intellectually dishonest when some economists look at the GDP and employment growth without putting it in the context of the massive increase in debt, spending, and money supply. A stimulus plan is supposed to generate…
NTD Evening News Full Broadcast (Oct. 8)
A weak jobs report is released for September, New York City Mayor Bill de Blasio is phasing out the gifted and talented exam for kindergarteners, and the transgender sports bill in Texas is one step closer to becoming law.
Biden Makes Case for Slower Job Growth: ‘Consistent, Steady Progress’
President Joe Biden spoke of “consistent, steady progress” Friday with the release of a jobs report that showed less-than-expected growth for September. The Labor Department’s jobs report shows non-farm payroll employment rose by 194,000 last month, down from last month’s upwardly revised 366,000, and far below the FactSet-provided consensus forecasts of 500,000. “When you take a step back…
American Employers Added 194,000 Jobs in September, Far Below Expectations
America’s private employers added fewer than 200,000 jobs in September, sharply undershooting market expectations and painting a picture of labor market recovery that’s on wobbly footing. The Labor Department’s jobs report, released Oct. 8, shows that non-farm payroll employment rose by a paltry 194,000 last month, down from last month’s upwardly revised 366,000 and far below the…
Fed Ready to Handle September Jobs Report With Kid Gloves
U.S. hiring probably accelerated last month, a range of high-frequency indicators suggests, as the effects of the latest COVID-19 surge began to subside, but even a second straight weak employment report would be unlikely to derail the Federal Reserve’s plans to begin reducing its support for the economy. Ahead of the U.S. Labor Department’s release…
Decline in Shift Work Casts Shadow on Upcoming Jobs Report
High-frequency workforce activity data from payroll tracking firm Ultimate Kronos Group (UKG) shows that September shift work declined for the second month in a row, casting a shadow over Friday’s closely-watched government report that will reveal how many jobs the U.S. economy created last month. UKG’s workforce activity report, released Oct. 5, showed that September…
Decline in Shift Work Casts Shadow on Oct. 8 Jobs Report
High-frequency workforce activity data from payroll tracking firm Ultimate Kronos Group (UKG) shows that shift work in the United States declined for the second month in a row in September, casting a shadow over the closely watched government report due on Oct. 8 that will reveal how many jobs the U.S. economy created last month….
Weak Jobs Report Could Cool Fed’s Tapering Plans
Friday’s lackluster non-farm payrolls report, which showed American employers adding far fewer jobs in August than expected, is likely to cool enthusiasm among Federal Reserve policymakers for a quick roll-back of stimulus, some experts believe. The Labor Department’s jobs report, released Sept. 3, shows that non-farm payroll employment rose by 235,000 in August, down from an upwardly…
Stock Futures Up, European Equities Down, Dollar Near Lows Ahead of Key Jobs Report
Wall Street futures were up, European stocks slipped, and the U.S. dollar held near monthly lows on Friday ahead of the much-anticipated release of the key non-farm payrolls report later in the day that could spur the Federal Reserve to an earlier tapering of stimulus. By 5:16 a.m. ET, Dow futures contracts were up 0.04…
Dollar Hits 4-Month High Against Euro as Jobs Data Triggers Fed Tapering Bets
The dollar climbed against major currency pairs on Monday, briefly hitting a four-month high versus the euro, as investors encouraged by last week’s strong jobs report brought forward bets for an earlier tapering of Federal Reserve stimulus. The greenback strengthened as much as $1.1742 against the euro, extending a 0.6 percent pop from Friday, when the…
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