Non-Farm Payrolls

On Friday morning, the Bureau of Labor Statistics reported that Non-Farm Payrolls grew only 80,000 in June. This reading was much lower than economists' upwardly revised consensus estimate of 100,000. In addition, the Bureau revised Non-Farm Payrolls data for April and May and reported the...

U.S. equity futures are lower this morning ahead of the monthly Non-Farm Payrolls report. Consensus economist expectations are for a reading of 90,000, with the range of estimates from 35,000 to 165,000. The wide range of estimates is telling that there is uncertainty remaining around the labor...

The ISM Non-Manufacturing Report on Business was released today and beat expectations. The index came in at 53.7, beating estimates of a reading of 53.4 (slightly). April's print was 53.5, so the services sector showed very slight improvement month-over-month. The report was a mixed bag, with...

After the dismal Non-Farm Payrolls Report and the lackluster ISM release, it is hard to see where the growth is coming from. In this light, what are the chances of QE3? How low can rates go? These are all valid questions in this environment, so let us discuss. The chances for QE3 are higher now...

The headline Non-Farm Payroll number came in much worse than expectations, printing at +69,000 jobs added for May compared to consensus of +150,000. Benzinga's estimate was at 124,000, but as we wrote yesterday, decelerating employment indicators and increasing headwinds to corporate profits may...

The answer in one word: don't. Stocks had a volatile day, trading down as much as 1.25% this morning before rallying. Rumors of a Spanish bailout circulated earlier this morning, but were quickly denied by all parties. The IMF claims to have simply been discussing the idea of a Spanish bailout...

Initial jobless claims rose in the week ended May 26 and the economy continued to grow near stall speed, according to data released this morning. Initial jobless claims increased 10,000 last week to 383,000 and the prior week's number was revised higher to 373,000. In other employment news, the ADP...