Financial Review

Jobs Report Friday

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-11-04-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSS…..Economy added 161,000 jobs in October. Unemployment rate 4.9%. U6 unemployment rate 9.5%. Wages up 2.8% year over year. Seventy-three months of job growth. Financial Review by Sinclair Noe for 11-04-2016

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Financial Review

September Jobs Report

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-07-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSS…..156,000 new jobs in September. Unemployment rate up 0.1% to 5%. U-6 rate 9.7%. Labor force participation rate up 0.1% to 62.9%. Hourly wages up 0.2%. Financial Review by Sinclair Noe for 10-07-2016

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Financial Review

July Jobs Report

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-08-05-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSThe economy added 255,000 new jobs last month. The unemployment rate steady at 4.9%. We’ll dig into the details. Financial Review by Sinclair Noe for 08-05-2016

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Financial Review

June Jobs Report

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-07-08-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSS287,000 new jobs in June. Unemployment rate up to 4.9%. Smoothing out the numbers. Wages inch higher. The impact of minimum wage. The need for job training. Financial Review by Sinclair Noe for 07-08-2016

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Financial Review

38,000 Not a Typo

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-06-03-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFriday Jobs Report comes in at 38,000 jobs for May and the unemployment rate drops to 4.7%. Everything you need to know about the report. Financial Review by Sinclair Noe for 06-03-2016

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Financial Review

Jobs Friday

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-05-06-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSEverything you need to know about the April 2016 Non-Farm Payroll Report. Financial Review by Sinclair Noe for 05-06-2016

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Financial Review

Not Fixed Yet

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-02-05-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 02-05-2016   DOW – 211 = 16204 SPX – 35 = 1880 NAS – 146 = 4363 10 Y – .02 = 1.85% OIL – .73 = 30.99 GOLD + 18.40 = 1174.50   The S&P 500 extended its loss for the week to 3%.  The index is now down more than 8 percent in 2016. The Nasdaq closed at its lowest since October 2014.   Today is a jobs report Friday. If you are a regular listener, you know that I go into quite a bit of detail. The reason is simple. The jobs report is the single most important economic data we can look at each month. So, here are the numbers:   The economy added 151,000 nonfarm jobs in January; that’s below the consensus estimate of 185,000. The unemployment rate dropped from 5% to 4.9%, the lowest reading since 2008; and an indicator the economy is still creating more than enough jobs to keep up with increases in the size of the labor force. The December jobs report was revised down from 292,000 jobs to 262,000. November’s gain was raised to 280,000 from 252,000. In the past three months job growth averaged 231,000 jobs per month. In the past 12 months the economy added 2.67 million jobs. Since the beginning of 2010, the American economy has gained nearly 14 million jobs. Total employment is now 4.9 …

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Financial Review

A Solid Jobs Report

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-11-06-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 11-06-2015 DOW + 46 = 17,910 SPX – 0.73 = 2099 NAS + 19 = 5147 10 YR YLD + .09 = 2.33% OIL – .68 = 44.52 The economy added 271,000 jobs in October, beating expectations of 180,000. The unemployment rate fell from 5.1% to 5%, a 7-1/2 year low. The U.S. has added an average of 206,000 jobs a month in 2015. In the past 12 months the economy has added 2.8 million jobs. The U-6 unemployment rate, which includes discouraged and under-utilized workers, dropped to 9.8% in October, the first time it’s fallen below 10% since May 2008. The number of Americans working part-time because of a weak economy fell to 5.7 million in October. Revisions to prior reports added a total of 12,000 jobs to payrolls in the previous two months. August was revised higher from 136k to 153k but September was revised lower from 142k to 137k. Still, employment only averaged 145,000 in August and September.   Now, this raises questions about why the numbers were so weak in August and September, and why the numbers for October were so strong. Was there a big shift in the labor market? Probably not; more likely this is statistical noise. It is difficult to track the labor market; it is impossible to track it with absolute precision. This does not mean the numbers are wrong. …

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Financial Review

Labor Day Jobs Report

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-09-04-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 09-04-2015 DOW – 272 = 16,102 SPX – 29 = 1921 NAS – 49 = 4683 10 YR YLD – .04 = 2.13% OIL – .71 = 46.04 GOLD – 2.30 = 1123.70 SILV – .13 = 14.70   This is a Jobs Report Friday, and I tend to get a little wonkish about the monthly jobs reports, mainly because I believe jobs are pretty much the most important part of the economy; we’ve even set aside a holiday to recognize the importance of labor. Today’s report is especially important because it comes right before a Federal Open Market Committee Meeting where the Fed just might raise interest rates.   The US economy added 173,000 jobs in August, and the unemployment rate dropped to 5.1%. While this was the smallest increase in new jobs since March, the June and July numbers were revised higher by 44,000 jobs. The Labor Department said 245,000 new jobs were created in July instead of 215,000. June’s gain was revised up to 245,000 from 231,000. The 173,000 new jobs missed estimates of 210,000 to 220,000 but the August numbers are notorious for underestimating – only to be revised higher in following months. The unemployment rate of 5.1% is down from July’s 5.3% rate, and beats estimates that the rate would hold steady.   Between 2005 and 2014, August was the month with the …

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Financial Review

The July Jobs Report

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-08-07-2015.mp3Podcast: Play in new window | Download (Duration: 13:14 — 12.1MB)Subscribe: Apple Podcasts | Android | RSSFinancial Review by Sinclair Noe for 08-07-2015 DOW – 46 = 17,373 SPX – 5 = 2077 NAS – 12 = 5043 10 YR YLD – .06 = 2.17% OIL – .79 = 43.87 GOLD + 4.30 = 1094.80 SILV + .15 = 14.91   The economy added 215,000 net new jobs in July. The unemployment rate was unchanged at 5.3%, the lowest level in 7 years. The May and June reports were revised slightly higher, employers added 6,000 more jobs in May and 8,000 more in June than previously estimated. The U.S. has added an average of 235,000 jobs a month since May, up sharply from a 195,000 pace in the first quarter. Last year, the economy added 240,000 jobs a month on average between January and July. This year that figure is 178,000.   Most industries added workers, with the notable exception of the mining/logging sector which includes jobs in energy or oil fields, which lost 4,000 jobs. Professional and business services added 40,000, education added 37,000, retailers hired 36,000 people, leisure and hospitality gained 30,000, health-care companies boosted payrolls by 28,000, financial firms tacked on 17,000 workers, transportation and warehousing increased by over 14,000, wholesale trade added more than 6,000, and manufacturers increased employment by 15,000. Construction added 6,000 jobs, but it is interesting to break out this data. The slump in energy sector investment continues to lead to job loss …

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