Financial Review

Decent August Jobs Report

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-09-02-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSJobs report Friday. The economy added 151,000 job. The unemployment rate holds at 4.9%. Financial Review by Sinclair Noe for 09-02-2016

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Financial Review

Another Strong Jobs Report

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-12-04-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 12-04-2015 DOW + 369 = 17,847 SPX + 42 = 2091 NAS + 104 = 5142 10 YR YLD – .05 = 2.28% OIL – 1.01 = 40.07 GOLD + 25.30 = 1087.90   The economy added 211,000 jobs last month, beating estimates of about 200,000. The unemployment rate held steady at 5% as more workers entered the labor pool. The Labor Force Participation Rate increased in November to 62.5%, from 62.4% in October. The last two months’ jobs numbers were revised higher. The government said 298,000 new jobs were created in October instead of 271,000. September’s gain was raised to 145,000 from 137,000. Over the past 12 months, the economy has added 2.64 million jobs.   Let’s break down jobs by sector: Employment in construction rose by 46,000 in November, with much of the increase occurring in residential specialty trade contractors (+26,000). Over the past year, construction employment has grown by 259,000. Professional and technical services added 28,000 jobs. Over the year, professional and technical services has added 298,000 jobs. Health care employment increased by 24,000 over the month, following a large gain in October (+51,000). In November, hospitals added 13,000 jobs. Health care employment has grown by 470,000 over the year. Employment in food services and drinking places continued to trend up in November (+32,000) and has risen by 374,000 over the year. Retail trades added …

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Financial Review

Thursday Jobs Report

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-07-02-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW – 27 = 17,730 SPX – 0.64 = 2076 NAS – 3 = 5009 10 YR YLD – .02 = 2.39% OIL – .03 = 56.93 GOLD – 2.60 = 1166.70 SILV + .13 = 15.78   Normally, we get the jobs report on the first Friday of the month, but the stock and bond markets will be closed tomorrow for the 4th of  July holiday; so, it’s a Jobs Report Thursday.   The US economy created 223,000 new jobs in June. The unemployment rate dropped from 5.5% to 5.3%; that’s the lowest level in 7 years. Employment gains for May and April were revised lower by a combined 60,000.  Most estimates were calling for 225,000 new jobs last month, so today’s report was right in line. Total employment is now 3.5 million above the previous peak.  Total employment is up 12.2 million from the employment recession low. The economy has produced at least 200,000 jobs in 13 of the last 15 months.  The economy added 2.9 million jobs in the past 12 months.   The participation rate – the percentage of workers in a job or actively seeking a job – dropped three ticks to 62.6%, as 432,000 people dropped out of the labor pool. And this explains why the unemployment rate dropped to 5.3%, because fewer people were looking for work.  Part of the reason may be …

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Financial Review

Just Around the Corner

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-17-2015.mp3Podcast: Play in new window | Download (Duration: 13:15 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe DOW – 279 = 17,826 SPX – 23 = 2081 NAS – 75 = 4931 10 YR YLD – .03 = 1.85% OIL – .52 = 56.19 Even though oil prices were down slightly today, oil posted a 12% gain for the past week.   The economy continues to expand and consumers are feeling better. The University of Michigan Consumer Sentiment Index rose to 95.9 in April, up from 93 in March. Separately, The Conference Board said leading indicators rose 0.2% in March; the leading economic index has been slowing over recent months but it still points to moderate expansion in economic activity.   Consumer prices rose 0.2% in March. Gasoline prices rose 3.9%, which was the biggest jump since February 2013; still, gas prices are about 33% below year-ago levels.  The core-CPI, which excludes energy and food prices, also rose 0.2% due to higher cost of housing and used cars. The cost of clothes, housing, cars, and medical care increased, while food and airfare decreased. Core prices have risen 1.8% in the past year. While the “all-items index” (which includes things like food and energy) declined 0.1% over the last 12 months. Higher inflation would indicate a stronger dollar because it could reinforce the view that the Fed might hike interest rates sooner rather than later.   The Labor Department reports real average hourly earnings for all employees …

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Financial Review

Everything You Need to Know About the Jobs Report

http://SINCLAIR_NOE_-_SEG_1_-_09-05-2014.mp3Podcast: Play in new window | Download (Duration: 13:15 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review 09-05-2014 DOW + 67 = 17,137 SPX + 10 = 2007.71 (record) NAS + 20 = 4582 10 YR YLD + .01 = 2.46% OIL – 1.00 = 93.45 GOLD + 7.50 = 1269.40 SILV + .13 = 19.29 The S&P 500 index closed at a record high; the Dow Industrials closed just short of a record high. The S&P 500 and the Dow recorded their fifth consecutive weekly gains. For the week, the Dow and the S&P each gained 0.2% and the Nasdaq rose 0.06%. Today is a jobs report Friday. In August, the economy added 142,000 net new jobs and the unemployment rate dropped to 6.1%. This was a weaker than expected report. The economy had been averaging more than 200,000 new jobs a month for the past 6 months. Economists expected somewhere around 220,000 to 230,000 new jobs. Employment gains for July and June were lowered by a combined 28,000; June was revised from 298,000 to 267,000, and the change for July was revised from 209,000 to 212,000. The August report will likely be revised as well. Each job report starts with an initial estimate on the first Friday of the month, followed by two revisions. The month of August is prone to sharp revisions; over the past 5 years, the difference between the first and third estimates have averaged more than 70,000 per month; and each of the …

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Financial Review

Friday, June 06, 2014 – Jobs Report Friday

Jobs Report Friday by Sinclair Noe   DOW + 88 = 16,924 SPX + 8 = 1949 NAS + 25 = 4321 10 YR YLD + .01 = 2.59% OIL + .31 = 102.79 GOLD – .90 = 1253.30 SILV – .02 = 19.11   Another record high close for the Dow Industrial Average and the S&P 500.   It’s said that it takes a war to end a war; 70 years ago, 150,000 soldiers invaded Normandy, and it’s estimated that about 4,400 lost their lives in the biggest military assault in history, D-Day. There were ceremonies on the beach today, as well as locations around the world, to honor the soldiers lost and the veterans still with us; their numbers are dwindling with the passage of time, but about 3,000 made the pilgrimage to Normandy today.  For the rest of us, it’s hard to imagine what happened 70 years ago, but whatever difficulties we may face in our day to day lives seem small compared with what those men faced. This is a special day, one that should never be forgotten.   Each month we analyze the jobs report. The jobs number came in about as expected. Non-farm payrolls added 217,000 jobs in May. The unemployment rate, which is drawn from a different survey of households, remained unchanged at 6.3%.   April’s employment numbers were revised down to 282,000 jobs added from 288,000. March payroll figures were not revised, remaining at 203,000 jobs added. This is the fourth consecutive …

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