303,000 jobs were added in March, vastly outperforming the rise of 205,000 that was predicted by Wall Street analysts. The unemployment rate declined from 3.9% to 3.8% on a monthly basis. The main source of growth came from the healthcare industry, which added 72,300 jobs, followed by 71,000 government jobs.

In commodities, oil prices rose on the back of rising Middle East tensions, threatening to bottleneck supplies. West Texas Intermediate futures rose to $86.60 per barrel, while international benchmark Brent crude futures rose past $91 per barrel.

The post Positive Jobs Report Lifts U.S. Stocks appeared first on theprimarymarket.com.

In Europe, the benchmark Stoxx Europe 600 slipped 0.6%, while in New York, futures on the S&P 500 and Dow Jones Industrial Average declined by 0.2%. Contracts listed on the Nasdaq 100 fell by 0.2%. The MSCI Asia Pacific Index remained relatively unchanged.

Friday’s nonfarm payrolls are expected to show strong figures, thus suggesting that markets have been overconfident when it comes to expecting Fed rate cuts, with investors broadly betting on a rate cut as soon as March. “In the lead-up to the upcoming US job numbers, sentiment is back to wait-and-see,” Jun Rong Yeap, a strategist at IG Asia observed, suggesting that investors have learned of their excessive optimism. “We may have to see a substantial weakening of the US labor market to justify market pricing of a rate cut as early as March.”

The post Futures Slip Ahead of Key U.S. Jobs Data appeared first on theprimarymarket.com.

The Dow Jones Industrial Average gained 0.3% on Friday, while the Nasdaq Composite advanced nearly 0.5%. The S&P 500 ended the session 0.4% higher, reaching its highest level this year.

In November, 199,000 new jobs were added to the US economy, with the number growing after auto worker and Hollywood actor strikes came to an end. This data largely boosted investor optimism that the Federal Reserve will introduce interest rate cuts next year. In commodities, oil prices recovered slightly but remain on course to their longest run of losses in five years. West Texas Intermediate and Brent crude futures both gained 2%.

The post Stocks Hit Six-Week Winning Streak Following Strong Jobs Report appeared first on theprimarymarket.com.

“We expect the November employment report to show an acceleration in job growth, driven by the return of striking UAW and SAG-AFTRA workers,” Oxford Economics lead US economist Nancy Vanden Houten explained in reference to Hollywood workers who have been on strike. “Looking through strike-related noise, we expect the jobs report to be consistent with softening labor market conditions, allowing the Fed to forego more rate increases.

As data continues to point to a loosening labor market and cooling inflation, investors are increasingly betting that the Federal Reserve will cut interest rates early next year. Fed Chair Jerome Powell acknowledged in a speech on December 1 that the economy is slowing toward a “more sustainable level”.

The post November Jobs Report Expected to Show Resurging Job Growth appeared first on theprimarymarket.com.

Futures listed on the Dow Jones Industrial Average rose 0.4% as did the S&P 500. Contracts on the tech-heavy Nasdaq 100 advanced by 0.3%. All three indexes recovered from losses sustained earlier in the session.

150,000 jobs were added to the US economy in October, falling short of the 180,000 jobs that were expected to be added. The unemployment rate rose to 3.9%. According to the  Bureau of Labor Statistics, the fall in the pace of job growth was affected by auto industry strikes.

The post Stocks Jump Following Job Growth Cooldown appeared first on theprimarymarket.com.

Payrolls aside, hourly earnings rose at their slowest pace in over two years, largely a result of a growing labor force. This trend has raised expectations that the Federal Reserve will hold interest rates steady on Wednesday following their two-day policy meeting.

“Wage growth is a more accurate signal of labor-market conditions,” Bloomberg Economics observed. “Both the Fed’s preferred Employment Cost Index and average hourly earnings (part of the nonfarm-payrolls report) likely decelerated in recent months. That should give the Fed cover to keep rates on an extended pause.”

The post U.S. Job Growth Expected to Halt, Impacting Fed Decision appeared first on theprimarymarket.com.

The S&P 500 surged 1.2% upwards, while the Dow Jones Industrial Average gained 0.9%, or 290 points. The tech-heavy Nasdaq Composite was the day’s big winner, rising 1.6%.

As a result of the unexpected job growth, the Federal Reserve is expected to continue its higher fiscal policy going forward. The September jobs report is the last major payroll report released prior to the central bank’s next policy meeting.

The post Stocks Surge Following Unexpected Jobs Report Data appeared first on theprimarymarket.com.

Markets are betting that Friday’s report will show that 200,000 payrolls were added in July, with unemployment holding steady at a historic low of 3.6%. Hourly pay rates are also expected to have cooled, indicating a slowdown in inflation.

On the back of a consistent inflow of positive economic data, Federal Reserve Chair Jerome Powell claimed that economists at the central bank are no longer convinced that a recession is likely to hit the United States in 2023.

Conditions in the US are contrary to those in Europe, where European Central Bank head Christine Lagarde commented that the economic situation in the eurozone has “deteriorated.” China’s economic outlook also appears bleak amid the country’s sluggish post-pandemic recovery.

A steady labor market has been the key cause of the Fed’s decision to uphold its interest rate hiking agenda. Because the government’s job opening data for June on Tuesday is expected to show a fifth straight monthly decline, markets are raising bets that the Fed’s aggressive rate hiking campaign is nearing its end.

The post US Economy Expected to Show Stability in Upcoming Jobs Data appeared first on theprimarymarket.com.

According to the latest report from the Labor Department, the U.S. economy in June added the fewest jobs on a monthly basis than it has over the past two and a half years. 110,000 fewer jobs were created than in April and May.

Despite the labor market’s decline in strength, Federal Reserve rate hikes are expected in July as inflation remains over double that of the central bank’s target.

Marc Chandler, chief market strategist at Bannockburn Global Forex in New York, emphasized the importance of next week’s Consumer Price Index (CPI), which is expected to show that inflation has slowed to 3.1%.

The dollar index, which measures the greenback against a basket of major currencies, fell 0.776% to 102.280, with the euro up 0.72% against the dollar at $1.0964. The sterling rose 0.74% to $1.2740.

The post Dollar Falls in the Face of U.S. Jobs Growth appeared first on theprimarymarket.com.

The S&P 500 edged 0.3% lower, contributing to a total decline of 1.2% over the course of the week ending Friday 7 July. The Nasdaq Composite Index slid by 0.3% as well, adding to a 0.9% weekly loss. The Dow Jones Industrial Index fell 0.6% for the day.

Friday’s government jobs report exhibited some cracks in job growth, following private reports that exhibited results supporting this finding. As a result, the market is expecting at least one further rate hike this year, having not yet priced a second hike.

“Jobs growth has slowed but remains too strong to justify an extended Fed pause,” Seema Shah, chief global strategist at Principal Asset Management observed. “More significantly, with average hourly earnings surprising to the upside, wage pressures are still too strong. Today’s report will give the Fed little reason to hold off from hiking at the July meeting.”

Jeffrey Roach, chief economist at LPL Financial, expressed agreement with this assessment, going so far as to claim that a Fed rate hike this month is highly probable. Roach added that June’s 0.4% jobs growth shows that the labor market remains resilient, with employers still on the lookout for more workers.

The post U.S. Stocks Slip Lower Following Jobs Data appeared first on theprimarymarket.com.

303,000 jobs were added in March, vastly outperforming the rise of 205,000 that was predicted by Wall Street analysts. The unemployment rate declined from 3.9% to 3.8% on a monthly basis. The main source of growth came from the healthcare industry, which added 72,300 jobs, followed by 71,000 government jobs.

In commodities, oil prices rose on the back of rising Middle East tensions, threatening to bottleneck supplies. West Texas Intermediate futures rose to $86.60 per barrel, while international benchmark Brent crude futures rose past $91 per barrel.

The post Positive Jobs Report Lifts U.S. Stocks appeared first on theprimarymarket.com.

In Europe, the benchmark Stoxx Europe 600 slipped 0.6%, while in New York, futures on the S&P 500 and Dow Jones Industrial Average declined by 0.2%. Contracts listed on the Nasdaq 100 fell by 0.2%. The MSCI Asia Pacific Index remained relatively unchanged.

Friday’s nonfarm payrolls are expected to show strong figures, thus suggesting that markets have been overconfident when it comes to expecting Fed rate cuts, with investors broadly betting on a rate cut as soon as March. “In the lead-up to the upcoming US job numbers, sentiment is back to wait-and-see,” Jun Rong Yeap, a strategist at IG Asia observed, suggesting that investors have learned of their excessive optimism. “We may have to see a substantial weakening of the US labor market to justify market pricing of a rate cut as early as March.”

The post Futures Slip Ahead of Key U.S. Jobs Data appeared first on theprimarymarket.com.

The Dow Jones Industrial Average gained 0.3% on Friday, while the Nasdaq Composite advanced nearly 0.5%. The S&P 500 ended the session 0.4% higher, reaching its highest level this year.

In November, 199,000 new jobs were added to the US economy, with the number growing after auto worker and Hollywood actor strikes came to an end. This data largely boosted investor optimism that the Federal Reserve will introduce interest rate cuts next year. In commodities, oil prices recovered slightly but remain on course to their longest run of losses in five years. West Texas Intermediate and Brent crude futures both gained 2%.

The post Stocks Hit Six-Week Winning Streak Following Strong Jobs Report appeared first on theprimarymarket.com.

“We expect the November employment report to show an acceleration in job growth, driven by the return of striking UAW and SAG-AFTRA workers,” Oxford Economics lead US economist Nancy Vanden Houten explained in reference to Hollywood workers who have been on strike. “Looking through strike-related noise, we expect the jobs report to be consistent with softening labor market conditions, allowing the Fed to forego more rate increases.

As data continues to point to a loosening labor market and cooling inflation, investors are increasingly betting that the Federal Reserve will cut interest rates early next year. Fed Chair Jerome Powell acknowledged in a speech on December 1 that the economy is slowing toward a “more sustainable level”.

The post November Jobs Report Expected to Show Resurging Job Growth appeared first on theprimarymarket.com.

Futures listed on the Dow Jones Industrial Average rose 0.4% as did the S&P 500. Contracts on the tech-heavy Nasdaq 100 advanced by 0.3%. All three indexes recovered from losses sustained earlier in the session.

150,000 jobs were added to the US economy in October, falling short of the 180,000 jobs that were expected to be added. The unemployment rate rose to 3.9%. According to the  Bureau of Labor Statistics, the fall in the pace of job growth was affected by auto industry strikes.

The post Stocks Jump Following Job Growth Cooldown appeared first on theprimarymarket.com.

Payrolls aside, hourly earnings rose at their slowest pace in over two years, largely a result of a growing labor force. This trend has raised expectations that the Federal Reserve will hold interest rates steady on Wednesday following their two-day policy meeting.

“Wage growth is a more accurate signal of labor-market conditions,” Bloomberg Economics observed. “Both the Fed’s preferred Employment Cost Index and average hourly earnings (part of the nonfarm-payrolls report) likely decelerated in recent months. That should give the Fed cover to keep rates on an extended pause.”

The post U.S. Job Growth Expected to Halt, Impacting Fed Decision appeared first on theprimarymarket.com.

The S&P 500 surged 1.2% upwards, while the Dow Jones Industrial Average gained 0.9%, or 290 points. The tech-heavy Nasdaq Composite was the day’s big winner, rising 1.6%.

As a result of the unexpected job growth, the Federal Reserve is expected to continue its higher fiscal policy going forward. The September jobs report is the last major payroll report released prior to the central bank’s next policy meeting.

The post Stocks Surge Following Unexpected Jobs Report Data appeared first on theprimarymarket.com.

Markets are betting that Friday’s report will show that 200,000 payrolls were added in July, with unemployment holding steady at a historic low of 3.6%. Hourly pay rates are also expected to have cooled, indicating a slowdown in inflation.

On the back of a consistent inflow of positive economic data, Federal Reserve Chair Jerome Powell claimed that economists at the central bank are no longer convinced that a recession is likely to hit the United States in 2023.

Conditions in the US are contrary to those in Europe, where European Central Bank head Christine Lagarde commented that the economic situation in the eurozone has “deteriorated.” China’s economic outlook also appears bleak amid the country’s sluggish post-pandemic recovery.

A steady labor market has been the key cause of the Fed’s decision to uphold its interest rate hiking agenda. Because the government’s job opening data for June on Tuesday is expected to show a fifth straight monthly decline, markets are raising bets that the Fed’s aggressive rate hiking campaign is nearing its end.

The post US Economy Expected to Show Stability in Upcoming Jobs Data appeared first on theprimarymarket.com.

According to the latest report from the Labor Department, the U.S. economy in June added the fewest jobs on a monthly basis than it has over the past two and a half years. 110,000 fewer jobs were created than in April and May.

Despite the labor market’s decline in strength, Federal Reserve rate hikes are expected in July as inflation remains over double that of the central bank’s target.

Marc Chandler, chief market strategist at Bannockburn Global Forex in New York, emphasized the importance of next week’s Consumer Price Index (CPI), which is expected to show that inflation has slowed to 3.1%.

The dollar index, which measures the greenback against a basket of major currencies, fell 0.776% to 102.280, with the euro up 0.72% against the dollar at $1.0964. The sterling rose 0.74% to $1.2740.

The post Dollar Falls in the Face of U.S. Jobs Growth appeared first on theprimarymarket.com.

The S&P 500 edged 0.3% lower, contributing to a total decline of 1.2% over the course of the week ending Friday 7 July. The Nasdaq Composite Index slid by 0.3% as well, adding to a 0.9% weekly loss. The Dow Jones Industrial Index fell 0.6% for the day.

Friday’s government jobs report exhibited some cracks in job growth, following private reports that exhibited results supporting this finding. As a result, the market is expecting at least one further rate hike this year, having not yet priced a second hike.

“Jobs growth has slowed but remains too strong to justify an extended Fed pause,” Seema Shah, chief global strategist at Principal Asset Management observed. “More significantly, with average hourly earnings surprising to the upside, wage pressures are still too strong. Today’s report will give the Fed little reason to hold off from hiking at the July meeting.”

Jeffrey Roach, chief economist at LPL Financial, expressed agreement with this assessment, going so far as to claim that a Fed rate hike this month is highly probable. Roach added that June’s 0.4% jobs growth shows that the labor market remains resilient, with employers still on the lookout for more workers.

The post U.S. Stocks Slip Lower Following Jobs Data appeared first on theprimarymarket.com.