Keyword: unexpectedly

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  • Producer Price [Wholesale Prices] Index Falls Unexpectedly In May

    06/13/2014 4:05:59 PM PDT · by BenLurkin · 11 replies
    Fox ^ | June 13, 2014 | Greg Robb
    The decline was unexpected. Economists polled by MarketWatch had predicted a 0.1% increase in the PPI after a 0.6% gain in April and a 0.5% rise in March. The price of goods fell 0.2% in May led by a drop in the wholesale cost of energy. The price of services also decreased 0.2%. Personal consumption, a new index designed to foreshadow changes in the consumer price index, fell 0.2% in May.
  • The dirty little secret behind today's employment report

    04/04/2014 9:23:57 AM PDT · by cutty · 12 replies
    Yahoo ^ | APRIL 4, 2014 | Jeff Macke
    There's a dirty little secret buried in the monthly employment data. It's a secret so dark, so exquisitely threatening to the financial media industry that those who reveal it risk being expunged from the community like magicians revealing their tricks. The National Bureau of Labor Statistics reported that 192,000 jobs were added to the economy in March. The unemployment rate stayed flat at 6.7%. The participation rate rose to 63.2%. Now the dirty secret: none of that actually matters very much. 1.The number itself is simply impossible to measure with any accuracy ... 2.The unemployment rate is irrelevant. ... 3.No...
  • US PAYROLLS BEAT EXPECTATIONS, UNEMPLOYMENT RATE RISES

    03/07/2014 5:50:10 AM PST · by John W · 94 replies
    Business Insider Australia ^ | March 7, 2014 | Matthew Boesler
    The Bureau of Labor Statistics says 175,000 workers were added to nonfarm payrolls in December, well above Wall Street’s consensus estimate of 149,000. 162,000 of those hires were to private payrolls, above expectations for a 145,000 rise in the ranks of private-sector workers. The unemployment rate unexpectedly rose to 6.7% from 6.6%. Labor force participation was unchanged at 63.0%. 610,000 were unable to work due to inclement weather in February, above the historical February average of 317,000.
  • U.S. durable goods orders unexpectedly plunge in December

    01/28/2014 5:48:09 AM PST · by navysealdad · 34 replies
    Yahoo News ^ | Jan 28, 2014
    WASHINGTON, Jan 28 (Reuters) - Orders for long-lasting U.S. manufactured goods unexpectedly fell in December as did a gauge of planned business spending on capital goods, which could cast a shadow on an otherwise bright economic outlook. The Commerce Department said on Tuesday durable goods orders dropped 4.3 percent, pulled down by weak demand for transportation equipment, primary metals, computers and electronic products and capital goods.
  • Jobless claims unexpectedly rise, but still within 2013 range

    05/30/2013 8:41:38 AM PDT · by traumer · 18 replies
    WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but not enough to suggest a shift in the recent pattern of modest job gains. Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 354,000, the Labor Department said on Thursday. Claims for the prior week were revised to show 4,000 more applications received than previously reported. Economists polled by Reuters had expected first-time applications to hold steady at 340,000 last week. A Labor Department analyst said claims for five states, including Virginia, Minnesota and Oregon, were estimated since state...
  • GDP Disappoints (2.5%A Vs 3.0A Expected), Treasury Yields Fall, Debt to GDP = 105%

    04/26/2013 9:33:04 AM PDT · by whitedog57 · 9 replies
    Confounded Interest ^ | 04/26/2013 | Anthony B. Sanders
    Q1 Real GDP was released by the BEA this morning. It was a mixture of disappointment and good news (for retailers). Real GDP grew by 2.5% (annualized), but analysts were expecting 3.0%. So, this was a swing and a miss. According to the BEA, “The acceleration in real GDP in the first quarter primarily reflected an upturn in private inventory investment, an acceleration in PCE, an upturn in exports, and a smaller decrease in federal government spending that were partly offset by an upturn in imports and a deceleration in nonresidential fixed investment.” Personal consumption expenditures rose 3.2% in Q1,...
  • US Factory Goods Demand Falls Unexpectedly

    08/02/2012 6:55:23 PM PDT · by Son House · 22 replies
    Irish Times ^ | August 3, 2012 | Financial Times Limited
    Demand for US factory goods fell unexpectedly in June, reflecting a drop in corporate investment and the biggest decreases in non-durable goods orders for over three years. Factory orders fell 0.5 per cent, compared with analysts’ expectations of a 0.7 per cent rise, US commerce department figures showed yesterday. June’s fall followed a downwardly revised 0.5 per cent increase in May, after sharp declines the two previous months. Economists fear a slowdown in momentum, given that manufacturing had been regarded as the mainstay of a US economic recovery. The sector accounts for about 12 per cent of the economy.
  • Jobs report: 80K jobs added, 8.2% jobless rate; Update: Worst quarter in 2 years

    07/06/2012 7:13:07 AM PDT · by Hotlanta Mike · 23 replies
    Hot Air ^ | JULY 6, 2012 | ED MORRISSEY
    The jobs report for June shows another gloomy month in the US economy. Job growth amounted to a disappointing 80,000, below analyst expectations of 90-100K, while the jobless rate remained the same at 8.2%:
  • Jobs report: Only 69,000 jobs added, jobless rate rises to 8.2%

    06/01/2012 7:14:53 AM PDT · by RobinMasters · 12 replies
    Hot Air ^ | JUNE 1, 2012 | Ed Morrissey
    Jim Pethokoukis called this a “huge miss” on Twitter, and he’s right. Analysts expected the US economy to add 150,000 jobs in May. Instead, we saw only a net gain of 69,000 jobs, and the jobless rate went up slightly to 8.2%: Nonfarm payroll employment changed little in May (+69,000), and the unemployment rate was essentially unchanged at 8.2 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in health care, transportation and warehousing, and wholesale trade but declined in construction. Employment was little changed in most other major industries. The long-term unemployed jumped up by 300,000 as...
  • Pending Home Sales Unexpectedly Slide in April

    05/30/2012 7:43:30 AM PDT · by mykroar · 66 replies
    FoxBusiness.com ^ | 5/30/2012 | Reuters
    Contracts to purchase previously owned homes unexpectedly fell in April to a four-month low, undermining some of the recent optimism that the housing sector was touching bottom. The National Association of Realtors said on Wednesday its Pending Home Sales Index, based on contracts signed in April, fell 5.5 percent to 95.5, its lowest level since December. Economists polled by Reuters had expected signed contracts, which lead existing home sales by a month or two, to rise 0.1 percent after a previously reported 4.1 percent gain. The housing market has been one of the U.S. economy's weakest links as it recovers...
  • Private sector adds 119,000 jobs in April: ADP

    05/02/2012 5:43:29 AM PDT · by Rennes Templar · 24 replies
    Reuters via YahooNews ^ | May 2, 2012 | Leah Schnurr
    NEW YORK (Reuters) - Private employers added 119,000 jobs in April, far fewer than expected, a report by a payrolls processor showed on Wednesday. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 177,000 jobs. The report is jointly developed with Macroeconomic Advisers LLC.
  • Jobless claims unexpectedly rise last week (up to 380,000)

    WASHINGTON (Reuters) - New claims for unemployment benefits rose last week to their highest level since January, a development that could raise fears the labor market recovery was stalling after job creation slowed in March. Initial claims for state unemployment benefits increased 13,000 to a seasonally adjusted 380,000, the Labor Department said on Thursday. The prior week's figure was revised up to 367,000 from the previously reported 357,000. Economists polled by Reuters had forecast claims falling to 355,000 last week. The four-week moving average for new claims, considered a better measure of labor market trends, rose 4,250 to 368,500. The...
  • Unemployment Falls to 8.5%; 200,000 New Jobs Created

    01/06/2012 5:59:33 AM PST · by Rational Thought · 33 replies
    CNBC ^ | 01/06/2012 | Jeff Cox
    The U.S. unemployment rate unexpectedly fell to 8.5 percent last month as job creation was more robust than expected, providing continued signs that the nation's labor market is improving gradually. Growth in manufacturing jobs helped offset loss in government positions, while wages edged higher and the length of the work week also lengthened a bit. The unemployment rate — a hotly contested number because of the rise in potential workers who have quit looking for jobs — has fallen 0.6 percentage points since August. Economists had been looking for a number in the 175,000 range as both Wall Street and...
  • Beset by Strife @Chemical Security Ofc, DHS Internal Rprt Claims Anti-Terrorism Prog Now In Jeopardy

    12/21/2011 2:59:00 PM PST · by Doogle · 11 replies
    FOXNEWS ^ | 12/21/11 | Mike Levine
    A federal program aimed at securing potentially dangerous chemicals is now in jeopardy after being beset by a series of deep-seated problems, including wasteful spending and a largely unqualified workforce that lacks "professionalism," according to a scathing internal Department of Homeland Security report obtained exclusively by Fox News. In 2007, Congress established the Chemical Facility Anti-Terrorism Standards program, which directs DHS to collect and review information from U.S. chemical facilities to determine whether they present a security risk. It is overseen by the Infrastructure Security Compliance Division -- or ISCD.
  • Andrew’s surrender (NY Democrat Governor violating no new taxes campaign promise)

    12/06/2011 3:38:17 AM PST · by lowbridge · 11 replies
    NY Post ^ | December 06, 2011
    A scant 11 months into his incumbency, Gov. Cuomo this weekend surrendered to New York’s culture of corrupt profligacy — abandoning the no-tax-hike pledge that was a core campaign principle and laying to rest the notion that he’s a Democrat of a different sort. How high will taxes go now? Who knows? Right now, “negotiations” are under way — apparently intended to get the tax-hike heavy lifting out of the way before the Legislature convenes in a month. Time enough then to divvy up the spoils; just rest assured that every penny raised by the hikes will be spent in...
  • Third-quarter growth revised down to 2.0 percent

    11/22/2011 7:23:40 AM PST · by Qbert · 7 replies
    Reuters via Yahoo Finance ^ | 11/22/2011 | Reuters
    WASHINGTON (Reuters) - The U.S. economy grew at a slightly slower pace than previously estimated in the third quarter, but weak inventory accumulation amid sturdy consumer spending strengthened views output would pick up in the current quarter. Gross domestic product grew at a 2.0 percent annual rate in the third quarter, the Commerce Department said in its second estimate on Tuesday, down from the previously estimated 2.5 percent.
  • U.S. Consumer Confidence Unexpectedly Drops to Two-Year Low

    10/25/2011 9:42:33 AM PDT · by traumer · 22 replies
    Oct. 25 (Bloomberg) -- Consumer confidence unexpectedly slumped in October to the lowest level since March 2009, when the U.S. economy was in a recession, as Americans' outlooks for employment and incomes soured. The Conference Board's sentiment index decreased to 39.8 from a revised 46.4 reading in September, figures from the New York-based private research group showed today. This month's reading was less than the most pessimistic forecast in a Bloomberg News survey in which the median projection was 46. Limited job availability, deteriorating home values and the threat of a European debt default are weighing on sentiment. A drop...
  • Jobless claims post surprise increase last week to 428,000 highest since June.

    09/15/2011 5:46:07 AM PDT · by sunmars · 62 replies · 1+ views
    Reuters ^ | Reuters
    The number of Americans filing new claims for jobless benefits rose unexpectedly last week in a sign concerns about a weak economy were sapping an already beleaguered labor market, data showed on Thursday. Applications for unemployment benefits climbed to 428,000 in the week ending September10 from an upwardly revised 417,000 the prior week, the Labor Department said. It was the second straight week in which claims rose. Wall Street analysts had been looking for a dip to 410,000. Excluding one week in early August, claims have held above 400,000 since early April. A Labor Department official said there was no...
  • Expect the ‘Unexpectedly’

    08/26/2011 10:05:55 PM PDT · by GATOR NAVY · 12 replies
    NRO ^ | 26 Aug 11 | Jim Geraghty
    It is the most common adverb of the Obama years: “unexpectedly.” ● “Sales of U.S. previously owned homes unexpectedly dropped in July,” reported Bloomberg. ● “Manufacturing in the Philadelphia region unexpectedly contracted in August by the most in more than two years as orders plunged and factories shed workers,”reported Bloomberg Businessweek. ● “Consumer spending unexpectedly fell in June,” reported Reuters. ● “Dismal economic data on Thursday pointed to an unexpectedly abrupt slowdown in manufacturing and a pickup in inflation,” reported the New York Times’ business page.This is just in the past week; hundreds of articles each month note that some...
  • First-time jobless claims unexpectedly rise

    08/18/2011 9:31:44 AM PDT · by Signalman · 17 replies
    thehill.com ^ | 8/18/2011 | Vicki Needham
    The labor market continues struggling to gain any footing as more workers than expected filed applications for unemployment benefits last week. First-time jobless claims increased by 9,000 to 408,000 in the week ended Aug. 13, the highest in a month, Labor Department reported Thursday. The previous week's revised figure was 399,000 from an initially reported 395,000. The four-week moving average, a better gauge for the labor market than the weekly figures, dropped to 402,500 last week, from 406,000, the lowest level since April 16. Applications have been above 400,000 for 18 of the past 19 weeks and the economy isn't...
  • Weekly Jobless Claims Climb to 408,000

    08/18/2011 5:37:03 AM PDT · by magellan · 70 replies · 1+ views
    Fox News ^ | August 18, 2011 | Reuters
    <p>Fox News has reported July jobless claims at 408,000. Economists were expecting 400,000.</p>
  • Instant view: Service sector growth slows in July (Unexpectedly = AAAAHHHHHHHGGGGGGGGGG!!!!!!!!!!)

    08/03/2011 10:35:37 AM PDT · by Halfmanhalfamazing · 6 replies
    Al Reuters ^ | August 3rd
    (Reuters) - Service sector growth slowed in July but stayed above a level indicative of growth, the Institute for Supply Management said on Wednesday. FACTORY ORDERS: Factory orders were down in June due to weak demand for transportation equipment. KEY POINTS: * The pace of growth in the U.S. services sector ticked down unexpectedly in July to the lowest level since February 2010.
  • Consumer Spending in U.S. Unexpectedly Falls as Hiring Slumps (but we have $3 trillion more in debt)

    08/02/2011 8:49:42 AM PDT · by tobyhill · 52 replies
    sf gate ^ | 8/2/2011 | staff
    U.S. consumer spending unexpectedly dropped in June for the first time in almost two years and savings climbed, adding to evidence that the slump in hiring is hurting household confidence. Purchases declined 0.2 percent after a 0.1 percent gain the prior month, Commerce Department figures showed today in Washington. The median estimate of 77 economists surveyed by Bloomberg News called for a 0.1 percent increase. Incomes grew at the slowest pace since November. The lack of jobs combined with wage gains that have failed to keep pace with inflation raise the risk of further cuts in consumer spending, which accounts...
  • "Unexpectedly" Compilation

    06/23/2011 8:00:28 AM PDT · by rightistight · 16 replies
    Pundit Press ^ | 6/23/11 | Aurelius
    The Main Stream Media seems to be constantly shocked at how poorly the American economy is doing under ObamaNomics. Whenever poor business, house, or job news comes out, they are quick to throw on the word "unexpectedly," pretending that the economy is actually doing great, but this one time it hiccupped. But the problem is, the poor economic news is quite expected because of President Obama's incompetence . So, I decided to take some time and compile some of the "unexpectedlies" from the start of the year until today. But before I begin, just remember what Albert Einstein once said...
  • When the media reports "unexpectedly", what is that worth as a campaign ad? (job data, etc)

    06/21/2011 10:44:28 AM PDT · by Halfmanhalfamazing · 1 replies
    Many of us have noticed how progressive journalists use the word 'unexpectedly'. They do it month after month. Al Reuters has an article from last week that uses this word. Yet again, after all this time. What these are, are campaign advertisements. From the media, to Obama.(most of us know this instinctively) It's a fair question to ask. And if enough of us ask it, maybe we could find out just how much the media donates to it's preferred candidates.
  • Birth/Death Adjustment+ 206,000!

    06/03/2011 7:28:58 AM PDT · by george76 · 14 replies
    zh ^ | 06/03/2011 | Tyler Durden
    Take away the Birth/Death adjustment of 206,000 and the Real NFP is: -150,000. This is the biggest monthly B/D adjustment in over a year. And if as all the pundit claimed last month, demanding the McDonalds addition of 62,000 janitorial, part-time jobs be added to the May number, the economy really lost over 200,000 in May.
  • That’s Incredible! The pro-Obama media are always shocked by bad economic news.

    05/30/2011 9:39:50 AM PDT · by neverdem · 15 replies
    NATIONAL REVIEW ONLINE ^ | May 30, 2011 | Michael Barone
    That's Incredible!The pro-Obama media are always shocked by bad economic news. Unexpectedly! As megablogger Glenn Reynolds, aka Instapundit, has noted with amusement, the word “unexpectedly,” or variants thereof, keeps cropping up in mainstream-media stories about the economy. “New U.S. claims for unemployment benefits unexpectedly climbed,” reported cnbc.com May 25. “Personal consumption fell,” Business Insider reported the same day, “when it was expected to rise.” “Durable goods declined 3.6 percent last month,” Reuters reported May 25, “worse than economists’ expectations.” “Previously owned home sales unexpectedly fall,” headlined Bloomberg News May 19. “U.S. home construction fell unexpectedly in April,” wrote the Wall...
  • Pending Home Sales Plunge 12% to Seven-Month Low

    05/27/2011 7:48:23 AM PDT · by george76 · 36 replies
    Thomson/Reuters ^ | 27 May 2011
    Pending sales of existing U.S. homes dropped far more than expected in April to touch a seven-month low, a trade group said on Friday, dealing a blow to hopes of a recovery in the housing market. ... Economists polled by Reuters had expected pending home sales to fall 1.0 percent.
  • Number of the Week: Millions Set to Lose Unemployment Benefits

    05/04/2011 7:07:59 AM PDT · by george76 · 26 replies
    wsj ^ | April 30, 2011 | Mark Whitehouse
    5.5 million: Americans unemployed and not receiving benefits. ... Many Americans, though, are simply running out of time. As of March, about 14 million people were unemployed and looking for work, according to the household survey. At the time the survey was done, about 8.5 million were receiving some kind of unemployment payments, according to the Labor Department’s Employment and Training Administration. That leaves about 5.5 million people unemployed without benefits, up 1.4 million from a year earlier. ... In the coming months, hundreds of thousands more will drop off the unemployment rolls. The number of people using up their...
  • Initial Jobless claims jump in latest week. Unexpectedly Rises to 429,000

    04/28/2011 6:49:23 AM PDT · by SeekAndFind · 82 replies
    Reuters ^ | 04/28/2011 | Chizu Nomiyama
    New U.S. claims for unemployment benefits surprisingly rose last week to their highest level since January in a sign an anticipated recovery in labor markets may take time, a government report showed on Thursday. Initial claims for state unemployment benefits jumped 25,000 to a seasonally adjusted 429,000, up from a slightly upwardly revised 404,000 the preceding week, the Labor Department said. Economists polled by Reuters were expecting claims to slip to 392,000 from the previously reported 403,000. Jobless claims below 400,000 are associated with steady job growth. The four week moving average, a better measure of underlying trends, climbed to...
  • Jobless claims unexpectedly rise last week [412,000 omitted from actual headline]

    04/14/2011 6:10:52 AM PDT · by TomGuy · 39 replies
    Reuters ^ | April 14, 2011
    WASHINGTON (Reuters) - New U.S. claims for unemployment benefits unexpectedly rose last week, bouncing back above the key 400,000 level, a government report showed on Thursday. Initial claims for state unemployment benefits rose 27,000 to a seasonally adjusted 412,000, the Labor Department said.
  • Labor Force Participation Rate Remains At 25 Year Low 64.2%, Birth/Death Adjustment: +117,000

    04/01/2011 8:44:36 AM PDT · by george76 · 16 replies
    zero hedge ^ | 04/01/2011 | Tyler Durden
    March update: civilian noninstitutional population: 239.0 million; Civillian labor force: 153,406, Employed 139,864... Which means that the Labor Force Participation rate continues to be at a 25 year low of 64.2%.
  • New home sales plunge to record low in February

    03/23/2011 7:25:38 AM PDT · by mlocher · 27 replies
    Reuters via Fidelity.com ^ | March 23, 2011 | Lucia Mutikani
    New home sales plunge to record low in February REUTERS — 6 MINUTES AGO WASHINGTON (Reuters) - New single-family home sales unexpectedly fell in February to hit a record low and prices were the lowest since December 2003, a government report showed on Wednesday, suggesting the housing market slide was deepening. The Commerce Department said sales dropped 16.9 percent to a seasonally adjusted 250,000 unit annual rate, the lowest since records began in 1963, after an upwardly revised 301,000-unit pace in January. Sales plunged to all-time lows in three of the four regions last month. Economists polled by Reuters had...
  • US house prices tumble to lowest in almost a decade

    03/21/2011 8:19:27 PM PDT · by george76 · 23 replies
    Telegraph ^ | 21 Mar 2011 | Richard Blackden
    US house prices have tumbled to their lowest in almost a decade, raising the prospect that even a recovery in the labour market may not be enough to pull prices from their slump. The median price of a previously owned home in the US fell to $156,100 (Ł96,800) in February, the lowest level since 2002, the National Association of Realtors (NAR) said on Monday. The overall volume of purchases declined 9.6pc during the month, weaker than was expected on Wall Street. The collapse in house prices helped precipitate America's worst recession since the Great Depression, and a recovery is proving...
  • Gallup Finds U.S. Unemployment Hitting 10.3% in February

    03/03/2011 12:14:13 PM PST · by george76 · 38 replies
    Gallup news ^ | March 3, 2011 | Dennis Jacobe
    Underemployment surged to 19.9% in February from 18.9% at the end of January. Unemployment, as measured by Gallup without seasonal adjustment, hit 10.3% in February -- up from 9.8% at the end of January. The U.S. unemployment rate is now essentially the same as the 10.4% at the end of February 2010. ... Underemployment, a measure that combines part-time workers wanting full-time work with those who are unemployed, surged in February to 19.9%.
  • U.S. New-Home Sales Unexpectedly Fell to Record Low

    02/24/2011 8:35:51 AM PST · by tcrlaf · 47 replies
    Business Week ^ | 2-24-11 | Bob Willis
    Feb. 24 (Bloomberg) -- Sales of new homes in the U.S. unexpectedly fell in January to the lowest level on record, a sign that an extension of a government tax credit may not be enough to rekindle demand. The report underscores Federal Reserve Chairman Ben S. Bernanke’s comments today that the economy is in a “nascent” recovery the still requires low interest rates. Homebuilders face competition from foreclosed properties that have driven down prices at the same time companies are reluctant to create jobs. “The foreclosure flow is robbing demand from the new-homes market and that process seems to be...
  • Increase in cost of unemployment insurance slams Colorado firms

    12/03/2010 12:20:28 PM PST · by george76 · 17 replies
    Denver Post ^ | 12/03/2010 | Steve Raabe
    Premiums more than quadruple for some as the state fund has a shortfall. Businesses are being hit with large premium increases to prop up Colorado's broke unemployment-insurance fund. Record numbers of unemployment claims caused the fund to go broke this year, forcing Colorado to borrow, so far, $368.5 million from the U.S. government. At least 40 other states also are borrowing from the federal government to cover their fund deficits. Colorado's unemployment-benefit payments rose from $305 million in 2005 to $1.06 billion in 2009.
  • Breaking News: Weekly Jobless Claims Rise Unexpectedly, Up 26,000 to 436,000

    12/02/2010 5:56:02 AM PST · by Red in Blue PA · 45 replies · 1+ views
    Breaking News: Weekly Jobless Claims Rise Unexpectedly, Up 26,000 to 436,000
  • Initial Jobless Claims Tumble to Lowest Level Since July (lol)

    10/28/2010 2:26:40 PM PDT · by Baladas · 6 replies
    AOL News ^ | October 28, 2010 | JOSEPH LAZZARO
    America's bedraggled labor market got a boost today with the latest weekly initial jobless claims unexpectedly plunging 21,000 to 434,000 -- their lowest level since July. A Bloomberg survey had expected the report to show a total of 455,000 new claims. Last week's total was revised 3,000 higher to 455,000. Perhaps even better, the four-week moving average declined 5,500 to 453,250. Economists emphasize this measure because it smooths out anomalies due to holidays, strikes, weather-related layoffs and other temporary factors. Continuing claims also plummeted, by 122,000 to 4.36 million. Some of that decline reflects Americans whose benefits have been exhausted,...
  • Economy Sheds 95,000 Jobs; Rate at 9.6% as Easing Looms

    10/08/2010 7:44:18 AM PDT · by traumer · 29 replies · 1+ views
    The U.S. economy unexpectedly shed jobs in September for a fourth straight month as government payrolls fell and private hiring was less than expected, hardening expectations of further Federal Reserve action to spur the recovery. Nonfarm payrolls dropped 95,000, the Labor Department said on Friday. Private employment, a better gauge of labor market health, increased 64,000 after rising 93,000 in August. A total of 77,000 temporary jobs for the decennial census were terminated last month. Job seekers wait in line to have their résumés reviewed. Robyn Beck | AFP | Getty Images Job seekers wait in line to have their...
  • ADP: Private Employment decreases by 39,000 in September

    10/06/2010 9:39:22 AM PDT · by george76 · 4 replies
    Calculated Risk ^ | 10/06/2010
    ADP is private nonfarm employment only (no government jobs). The consensus was for ADP to show an increase of about 23,000 private sector jobs in September, so this was way below consensus. The BLS reports on Friday, and the consensus is for no change in payroll jobs in September, on a seasonally adjusted (SA) basis, with the loss of around 78,000 temporary Census 2010 jobs (+78,000 ex-Census).
  • TREASURIES-Bonds rise as unexpected jobless jump fuels bid

    09/23/2010 12:36:57 PM PDT · by RobinMasters · 11 replies
    Reuters ^ | SEPTEMBER 22, 2010 | Ellen Freilich
    NEW YORK, Sept 23 (Reuters) - Weaker-than-expected economic data boosted U.S. government securities prices on Thursday and seemed to increase the likelihood the Federal Reserve would buy debt to aid the economy. An unexpected rise in new U.S. jobless claims and overnight reports showing a slower pace of growth in the euro zone's services and manufacturing sectors boosted demand for safe-haven government debt. The benchmark 10-year Treasury note US10YT=RR was up more than half a point, its yield easing to 2.50 percent from 2.57 percent late on Wednesday. The 30-year Treasury bond US30YT=RR, rose more than a point, its yield...
  • New Jobless Claims Rise Unexpectedly Last Week (Up 12,000 to 465,000)

    09/23/2010 6:20:01 AM PDT · by 1cewolf · 69 replies
    WASHINGTON -- The tally of newly laid-off workers requesting unemployment benefits rose last week for the first time in five weeks as the job market remains sluggish. Initial claims for jobless aid rose by 12,000 to a seasonally adjusted 465,000, the Labor Department said Thursday. Many economists had expected a flat reading or small drop. The rise suggests that jobs remain scarce and some companies are still cutting workers amid sluggish economic growth. Initial claims have fallen from a recent spike above a half-million last month. But they have been stuck above 450,000 for most of the year. Claims typically...
  • New jobless claims take surprise drop

    09/16/2010 6:01:10 AM PDT · by John W · 107 replies · 1+ views
    MSNBC ^ | September 16, 2010 | MSNBC
    WASHINGTON — U.S. claims for unemployment benefits unexpectedly fell last week, dropping to a two-month low, according a government report on Thursday that hinted at some stability in the labor market. Initial claims for state unemployment benefits slipped 3,000 to a seasonally adjusted 450,000, the lowest since the week ended July 10, the Labor Department said.
  • Nine States Did Not File Initial Claims Data Due To Labor Day, Hundreds Of Thousands Of Estimates

    09/09/2010 7:24:14 AM PDT · by george76 · 21 replies
    zero hedge ^ | 09/09/2010 | Tyler Durden
    The BLS has announced that as a result of the Labor Day weekend, 9 states (among which the biggest one California) did not report initial claims data to the bean counters, so instead the government had to "estimate" what the data would have been: yep, estimate, what the data was in these nine states. Official data is now made up on the fly. This US economic data reporting has just entered the twilight zone. Also, when the data is officially made up, it is not that difficult to get data that is "better than expected." The full list of states...
  • Are you "unexpectedly" feeling that were all screwed?

    08/26/2010 3:39:07 PM PDT · by The Magical Mischief Tour · 23 replies
    08/26/2010 | TMMT
    I don't even know why anyone listens to all these "experts" and their economic predictions anymore. Have any of them even been close? They never get the unemployment numbers right, either missing estimates by many thousands and even then the "official" numbers are constantly being revised up or down... And good grief the housing numbers. I can almost understand them missing estimates by 1,2 or even 5%... but 27% WTH!??!?! Are they even looking at the same data the .gov is or what? And if we are dealing with mathematics here, with economics how can half of economists say things...
  • Durable Goods Orders Rose Far Less Than Expected

    08/25/2010 5:55:16 AM PDT · by WWRD · 74 replies
    CNBC ^ | 8/25/2010 | Reuters
    "New orders for long-lasting U.S. manufactured goods rose far less than expected in July and, excluding transportation equipment, posted their largest decline in 1-1/2 years, according to a government report on Wednesday that pointed to a slowdown in manufacturing." "The Commerce Department said durable goods orders rose 0.3 percent after a revised 0.1 percent fall in June. Excluding transportation, orders dropped 3.8 percent—the biggest fall since January 2009—after rising 0.2 percent in June." "Analysts polled by Reuters had forecast orders increasing 2.8 percent last month from June's previously reported 1.2 percent fall."
  • US Economy Showing More Signs Recovery Is Slowing

    08/19/2010 8:37:34 AM PDT · by Qbert · 30 replies
    Reuters via CNBC ^ | 8/19/2010 | Reuters & CNBC
    A key measure of manufacturing in the Mid-Atlantic region fell unexpectedly in July to its lowest level in a year, while an economic forecasting gauge rose less than expected, further signs that the US economic recovery is slowing. The Philadelphia Federal Reserve Bank said its business activity index fell to minus 7.7 in August from July's plus 5.1. Any reading below zero indicates a shrinking in the region's manufacturing. The August reading was the lowest and also the first contraction since July 2009, when the economy was recovering from the credit crisis. "We see data like this and it kind...
  • Unemployment claims at 500,000

    08/19/2010 5:37:12 AM PDT · by Red in Blue PA · 225 replies · 1+ views
    Santelli on the floor of the exchange.
  • Jobless Claims Remain Stubbornly High

    08/12/2010 6:05:53 AM PDT · by Oldeconomybuyer · 64 replies
    Wall Street Journal ^ | August 12, 2010 | By JEFF BATER And LUCA DI LEO
    The number of U.S. workers making new claims for jobless benefits unexpectedly climbed last week to the highest level in six months, adding to concerns about the economy's weakness. Some analysts think the data are still being distorted by seasonal adjustment problems associated with annual factory shutdowns by car makers. Yet there is no denying U.S. labor conditions are poor.