Financial Review

May Jobs Report

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-06-02-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: iTunes | Android | RSS…..Dow, S&P, Nasdaq hit record highs. The economy added 138,000 jobs in May – below expectation. Unemployment rate drops to 4.3% – because people fall from labor market. U6 down to 8.4%. Wages show small gains. Employers lament and the solution. Fed on glide path to raise rates in June.   Financial Review by Sinclair Noe for 06-02-2017

READ MORE →
Financial Review

April Jobs Report

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-05-05-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: iTunes | Android | RSS…..Economy adds 211,000 jobs last month. Unemployment rate drops to 4.4%. U6 drops to 8.6%. Wages up 2.5% YoY. 79th straight month of job growth. Financial Review by Sinclair Noe for 05-05-2017

READ MORE →
Financial Review

March Jobs Report

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-07-2017.mp3Podcast: Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: iTunes | Android | RSS  …..98,000 jobs added in March – missing expectations. Unemployment rate drops to 4.5%. Financial Review by Sinclair Noe for 04-07-2017

READ MORE →
Financial Review

Exasperating November Jobs Report

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-12-02-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSS…..Economy adds 178,000 jobs in November. Unemployment rate drops to 4.6%. Financial Review by Sinclair Noe for 12-02-2016

READ MORE →
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: iTunes | 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

READ MORE →
Financial Review

Jobs Day

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-04-01-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSS215,000 new jobs in March, the unemployment rate at 5%; a solid, steady jobs report.

READ MORE →
Financial Review

The February Jobs Report

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-03-04-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 03-04-2016 DOW + 62 = 17,006 SPX + 6 = 1999 NAS + 9 = 4717 10 Y + .05 = 1.88% OIL + 1.24 = 35.81 GOLD – 4.30 = 1260.60   The US economy added 242,000 new jobs in February, almost 50,000 more than estimates. The unemployment rate was unchanged at 4.9%. Employment gains for January and December were revised up by a combined 30,000.   Total employment is now 5.1 million above the previous peak.  Total employment is up 13.8 million from the employment recession low. Private payroll employment increased 230,000 in February, and private employment is now 5.5 million above the previous peak. Private employment is up 14.3 million from the recession low. In February, the year-over-year change was 2.67 million jobs. The private sector has chalked up 72 months of uninterrupted job gains, the longest streak on record. As we look at the different sectors where jobs were created or lost, a theme develops; the sectors involving energy, natural resources, and international trade were hit while the sectors that mainly involve the domestic economy seem to be prospering. The mining sector, which includes oil and gas producers, cut jobs for the 17th straight month amid falling oil prices (down 18,000). After a 23,000 gain in January, manufacturers cut 16,000 jobs – that could be a one-month blip but could also suggest falling demand from …

READ MORE →
Financial Review

The Last Jobs Report of 2015

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-01-08-2016.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 01-08-2015 DOW – 167 = 16,346 SPX – 21 = 1922 NAS – 45 = 4643 10 Y – .02 = 2.13% OIL – .34 = 32.93 GOLD – 4.60 = 1105.60   The economy added 292,000 new jobs in December, much higher than estimates of 205,000 to 215,000. The unemployment rate was unchanged at 5.0%. The October and November reports were revised higher to show an additional 50,000 new jobs. In the final three months of 2015, the U.S. added an average of 284,000 jobs. That’s the fastest pace in almost a year. For the past year the economy added 2.7 million jobs. In 2014 the economy added 3.1 million jobs; that’s the best 2 years for job growth since the late 1990s. The economy has added jobs for 70 consecutive months; right at 14 million jobs during that time.  Over the past year the unemployment rate has dropped from 5.7% to the current 5%.   Hiring in December was led by professional firms. They added 73,000 jobs, though almost half were temporary. Construction companies added 45,000 new workers (but that might be more a sign of mild winter weather across much of the country in December, rather than a big upsurge in construction). Over the year, construction added 263,000 jobs, compared with a gain of 338,000 jobs in 2014. Health care employment rose by 39,000, with most of …

READ MORE →
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: iTunes | 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 31,000 …

READ MORE →
Financial Review

Jobs Report Friday: meh

http://media.blubrry.com/eatthebankers/p/content.blubrry.com/eatthebankers/SINCLAIR_NOE-SEG_1-10-02-2015.mp3Podcast: Play in new window | Download (Duration: 13:16 — 6.1MB)Subscribe: iTunes | Android | RSSFinancial Review by Sinclair Noe for 10-02-2015 DOW + 200 = 16,472 SPX + 27 = 1951 NAS + 80 = 4707 10 YR YLD – .05 = 1.99% OIL + .92 = 45.66 GOLD + 24.90 = 1139.40 SILV + .74 = 15.37   The economy added a seasonally adjusted 142,000 jobs in September, missing estimates by about 60,000. The unemployment rate was unchanged at 5.1%. More people dropped out of the labor force.   The Department of Labor revised the August employment numbers from 173,000, down to just 136,000.  The disappointing back-to-back employment reports were the worst pair in three years. Employment gains for July were also revised down from 245,000 to 223,000. The combined revisions for July and August lopped off 59,000 jobs from previous reports. Normally, the August jobs number is revised higher, not lower. Because of education related jobs and other variables, the August report has been notorious for upward revisions; typically at least 35,000 positions are added to the initial count. Not today. Six of the past eight reports have been revised lower in subsequent months.   Taken together, the three months averaged 167,000, a total that, while representing expansion, also signifies a major slowdown from the 260,000 per month clip for all of 2014. Moreover, at the beginning of the year, the three-month average was 312,000. Overall in 2015, job creation is now below the 200,000 milestone, sitting …

READ MORE →