Posts filed under “Employment”

Plus 167k!

DOH!  I thought I posted this before I headed out earlier today — here is a belated update

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Heckuva a number, Ben.

As feared, the strong number generated selling in both the Bond market (sending yields higher) as well as equities.  The initial dumpage of stock futures is showing equities attempting to claw their way back off the lows.

As to the employment data, a few interesting items:

• The big gainers were Professional and business services (50,000); Health care (31,000), plus more ambulatory
health care services (14,000), and hospitals (11,000);  Services for buildings and dwellings
gained 13,000;
 • Employment
in construction was about unchanged over the month;
• Manufacturing jobs continued to trend downward;
• After increasing by 295,000 in 2005,
construction employment was little changed in 2006.  
• Temporary help services employment was
little changed over the month and over the year. Temp #s are forward looking, and often precede actual permanent hiring.

 

I still don’t know which data to believe, ADP or the soon to be revised BLS. But its apparent that the market is looking at this — plus today’s Fed speechifying — as reducing the odds of a rate cut anytime soon…

Category: Data Analysis, Employment

NFPayroll Day

Category: Data Analysis, Economy, Employment

Wage Surge?

Category: Economy, Employment, Wages & Income

Real Estate and the Post-Crash Economy

Category: Economy, Employment, Investing, Markets, Psychology, Real Estate

Waiting for the Fed; Looking at a few charts

Category: Economy, Employment, Federal Reserve, Fixed Income/Interest Rates

NFP: Watch the Comp

Category: Economy, Employment, Federal Reserve, Wages & Income

It’s Raining Jobs!

Category: Employment

The Bifurcated Economy

Category: Economy, Employment, Politics

Bushwhacked on the Economy

Category: Data Analysis, Economy, Employment, Politics

BLS Margin of Error

Category: Data Analysis, Economy, Employment