Market Commentary

ADP Miss – Is the Jobs Trend Changing?

ADP reported that only 118,000 jobs were added in November and October’s reading was also revised slightly lower to 157,000 from 158,000. Expectations were for 129,000 jobs to be created in November and this miss now marks the fourth month of decline for ADP job creation (the BLS data has…
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American Jobs versus Fiscal Cliff

The good news is that unemployment claims are trending back down after the spike three weeks ago, the bad news is that they are still stubbornly high as the four week average of new claims rose by 7,500 to 405,250. Weekly jobless claims came in slightly worse than expectations, seasonally…
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Zacks.com – Employment Trifecta?

After the better than expected ADP and unemployment claims reports, the BLS delivered a better than expected gain of 171,000 jobs in October versus expectations of roughly 123,000.gb August and September jobs were both revised higher adding roughly 84,000 between the two. Even with this seemingly positive data, the unemployment…
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Are Unemployment Benefits Excessive?

Jobless claims came in at 369,000, just below expectations of 371,000. This week’s reading was a welcome reduction after last week’s surprise jump. If you look at the average of new claims filed, the pace of firings has been little changed. This seems to indicate that employers are keeping things…
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