Last week's employment report has dominated the business, financial, and political news over the weekend. With no action expected from Congress, attention will focus on the Fed. Since Chairman Bernanke will testify before the Congressional Joint Economic Committee on Thursday, we will soon have an update on Fed thinking.
Mark Thoma raises the policy question and provides helpful context.
CRWE.OB, DFZ, EFX, HS, - Crown Equity Holdings, R.G. Barry, Equifax and HealthSpring Stock Report! From CRWESelect.com
Crown Equity Holdings Inc. (CRWE.OB) previously expanded its business by opening another office in Pakistan. This office will be located in the city of Attock, Pakistan. This office will add an additional workforce of 25 associates to its CRWENewswire team, which will increase the company’s up to date news and world affairs from the Mid-East, Far East and Europe online news wires.
Common mistakes, not economy, holding some back from employment
DBD, DKS, DHX, CRWE - Report On Diebold, Dick's Sporting Goods, Dice Holdings and Crown Equity Holdings.
It seems we’ve hit that point in the economic cycle where traders celebrate the quality of the analyst guess. We saw it last week when U.S. GDP fell to 1.6% but stocks rallied initially because the pre-report guess was 1.3%. This morning the Euro is rallying because Germany’s federal labor office said the seasonally adjusted number of unemployed workers fell by 17,000 in August.
Employment Worries Help Trigger Stock Market Sell-off
Employment worries help trigger a sharp sell-off in U.S. equity markets on Monday, leading to speculation that the month will end with another weak day on Tuesday. The problem with the market this week is Friday’s Non-Farm Payrolls Report. The market is looking for a decline of 106K to 120K and a jobless rate of 9.6%.
ADP Data shows Private Sector Employment Rose 42,000 in July
U.S. stock futures indices are showing a slight rebound following a private employment report which showed a rise of 42,000 jobs in July. The U.S. Dollar strengthened slightly on the news, reversing the short-term trend. Treasury markets touched a new high for the session and December Gold briefly touched 1200.00.
Dollar Posting Small Gain Following ADP Employment Data
The U.S. Dollar is posting a small gain versus the Euro and British Pound this morning following a private employment report showing an increase of 42,000 jobs. Prior to the report, economists were looking for an increase of 40,000. The June report was revised to show an increase of 19,000 jobs versus a previous report of a 13,000 gain.