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In the recent Job Openings and Labor Turnover Survey , the level of openings increased by 346,000, while job hires fell 35,000. Openings remain at a high level but began to decline starting in December last year. The fact that the hiring level is lagging the growth in openings is a sign compa...
By Robert Hughes Sales of light vehicles totaled 16.4 million at an annual rate in April, down from a 17.4 million pace in March (see chart). Despite the drop, the pace of sales remains within the 16-18 million unit range that we have seen for much of the past two decades. Unit vehicle sal...
By Jill Mislinski The latest JOLTS report (Job Openings and Labor Turnover Summary), with data through March, is now available. From the press release: The number of job openings rose to 7.5 million on the last business day of March, the U.S. Bureau of Labor Statistics reported today....
Heading into last week's FOMC meeting, futures markets were pricing in close to an 80% chance of at least one rate cut from the FOMC between now and the January 2020 meeting in less than eight months. In his press conference following that meeting, Fed Chairman Jay Powell did his best to reset...
Recent spending patterns combined with credit card losses reveal some disturbing trends. It's no secret the U.S. economy keys off consumption. On that count, it's beginning to look less and less like an expanding economy. Whether it's the internals of the first-quarter GDP report or the sour...
What happened last week. What we're watching for next week. The market has taken a hit lately. Should we be worried? A look at the data might help. Chart of the Week - The reaction to China Trade War In just two days, the market has given up all of its gains for the last month. As ...
The retail investors’ favorite index - the Dow Jones Industrial Average - looks like it’s going to 30,000. I have never been one to make an investing decision based on charts alone, but my line of work has given me the experience to know that charts are used very extensively by f...
After the significant correction that took stock prices appreciably lower during the final three months of 2018, stocks made back all of their losses over the first four months of 2019. The E-Mini S&P 500 futures contract rose to a slightly higher high at the end of April as the Fed backed...
This article provides an impact assessment of the FOMC April 30-May 1, 2019 meeting. Before the meeting, I wrote this report with details of all four of the major impacts. This is an update to follow up from the results of the meeting. At the meeting, the Fed left the headline Federal Fu...
By Liz Ann Sonders First, jobs Before I get to the subject at hand, I want to provide a quick update on last Friday's April jobs report from the Bureau of Labor Statistics. Similar to the first quarter gross domestic product ((GDP)) report, the headline strength in the employment repor...