QQQ News and Press, PowerShares QQQ Trust Ser 1 From 07/05/24

2024-07-05 17:50:23 ET Summary BLS reported 206,000 new jobs, slightly above the consensus estimate, but also revised down April and May figures. We've averaged just 177,300 new jobs in the last three months. The unemployment rate rose to 4.1%, indicating a three-month trend of in...

2024-07-05 13:35:00 ET Summary The U-3 unemployment rate increased to 4.1 percent in June 2024. The Sahm Rule, developed by former Fed economist Claudia Sahm, is designed to identify the start of a recession using changes in the total unemployment rate. If the labor force grow...

2024-07-05 12:29:01 ET Summary The June jobs report shows a weakening labor market with a rising unemployment rate and slowing job growth. Initial jobless claims and continuing claims are at or near one-year highs, indicating increased layoffs. Unemployment among college-educa...

2024-07-05 12:15:36 ET Summary June job report weaker than previous months, with downward revisions and low private payrolls. Unemployment rate rises to 4.1%, signaling potential economic changes and increasing odds of recession. Yield curve steepening as unemployment rate inc...

2024-07-05 12:05:00 ET Summary Jobs growth is cooling, particularly in the private sector, and the unemployment rate has now broken above 4%, which is helping to keep wages in check. With inflation also looking better behaved the chances of a September interest rate cut from the F...

2024-07-05 11:00:57 ET Summary There was Nonfarm Payroll growth of 206K jobs, surpassing forecasts.  However, significant downward revisions of prior months. The unemployment rate surprised upwards. Establishment Survey data reveals a major deceleration in job growth in the p...

2024-07-05 10:12:15 ET Summary June payrolls slightly beat expectations at 206,000, but lower than the previous month, with a significant increase in government positions. The unemployment rate rose to 4.1%, the highest since November 2021. The market response was modest, with...

2024-07-05 09:35:50 ET Summary 206,000 jobs were added in June, according to the Labor Department’s monthly release. The gains were within expectations. The slowing growth represents a break in the higher than expected growth trend seen in previous months. The data coin...

2024-07-05 04:05:00 ET Summary US payroll numbers have continuously surprised expectations to the upside, yet soft data keeps pointing at a weakening labour market. A consensus reading or lower would help build a Fed cutting narrative for September, helping both US and euro rates ...

2024-07-05 03:45:00 ET Summary The speed and magnitude of the surge in consumer prices resulted in a sizeable decline in real (inflation-adjusted) wage growth. Inflation cooled quickly following the initial surge and by June 2023 was trending a bit above 3 percent. While real ...