Category Unemployment

Danger Will Robinson: What Lies Ahead?

HOW YOU SEE IT, DEPENDS ON WHERE YOU SIT Okay, I am dating myself on the Will Robinson metaphor — more on that warning sign later. The DOW now sits at 14,514 (record territory) and up 10.76% YTD, the S&P at 1560.7 (1565 is the all-time high close), up 9.43% YTD, and the NASDAQ at […]

Fed Sets Up Risk of Future Dissapointment

FINANCIAL TIMES 15 Mar 2013 4:35pm Fed sets up risk of future disappointment By Robin Harding in Washington It feels almost indecent. This week, the S&P 500 came within two points of an all-time high even though the US unemployment rate is stuck at 7.7 per cent. The mood on Wall Street is still muted. […]

February Non-Farm Payroll Number is a Potential Game-Changer

February’s non-farm payroll number came in at 236K, shattering consensus estimates on the street which was 163K — but, those estimates had moved higher — into the 170s — based on Tursday’s ADP report.  This is a big number and a potential game-changer.  Unemployment eased lower from 7.9% down to 7.7%.  Construction jobs accounted for 150k […]