Job Numbers

Every month, the Bureau of Labor Statistics (BLS) releases information regarding the number of jobs created and the unemployment situation in the U.S. economy. This report is also called the non-farm payrolls reading, since it does not include farm-related employment. It is usually released on the first Friday of each month.

The job numbers make up one of the most important data sets in trying to understand the strength or weakness of an economy. If the job numbers are improving, this means more people are being employed and the economy is gaining strength. If the job numbers are weakening, or there are outright job losses, this is an extremely troubling sign for the economy.

Since the financial crisis, job numbers in the U.S. economy have been mediocre and some troubling trends have been forming—such as a rise in part-time work, job creation in low-wage sectors, limited work that pays well, an increase in discouraged workers, and a significant number of Americans not partaking in the labor force. If the job numbers remain this dismal, they could have a significant impact on consumption—and essentially the overall U.S. economy.


Job Numbers: Here’s the Story Nobody in the Media is Talking About

By Thursday, July 16, 2015
U.S. Economy: Here’s the Jobs Story Nobody is Talking About The U.S. job market showed further signs of improvement with unemployment claims dropping to 281,000 for the week ended July 11th. The number reflected a decrease of 15,000 from the previous week’s 296,600 claims. (Source: U.S. Department of Labor, July 16, 2015.) Less than 300,000 people were let go during each of the last 19 weeks,.

U.S. Job Openings Jumped to a 15-Year High in April; Wholesale Inventories Up

By Tuesday, June 9, 2015
U.S. Job Openings Jumped to a 15-Year High in AprilToday, the U.S. Bureau of Labor Statistics reported that the number of job openings rose to 5.4 million on the last business day of April, the highest since the series began in December 2000. (Source: U.S Department of Labor, June 9, 2015.) April’s numbers were up from five million job openings in March. The job openings rate for .

U.S. Economy Added 280,000 Jobs in May

By Friday, June 5, 2015
payrollOn Friday, June 5, 2015, the U.S. Bureau of Labor Statistics reported that total nonfarm payroll employment increased by 280,000 in May, and the unemployment rate rose to 5.5% from 5.4% in April. (Source: Bureau of Labor Statistics, June 5, 2015.) Job gains took place in professional and business services, leisure and hospitality, .

U.S. Weekly Jobless Claims Below 300,000 for 13th Straight Week

By Thursday, June 4, 2015
Jobless ClaimsThe U.S. weekly jobless claims, for the week ending May 30, totaled 276,000 vs. the estimated 280,000. The most recent figures marked the 13th straight week of the claims being below 300,000. Weekly initial jobless claims came in at 276,000, a decrease of 8,000 from the previous week’s revised level. The previous week’s numbers.

U.S. Dollar Strength the Real Threat to Investors, Not Higher Interest Rates

By Friday, March 13, 2015
US Dollar strengthThere are issues brewing in the stock market with interest rates fears and the strengthening greenback that could drive the S&P 500 lower by five percent or more. When Will the Fed Increase Interest Rates? First, we have the fears surrounding rising interest rates after the strong improvement in the unemployment rate to a pre-recession.
Aug. 31, 2015
Trailing 12-month EPS for Dow Jones companies (Most Recent Quarter) $1014.15
Trailing 12-month Price/earnings multiple (Most Recent Quarter)

17.44

Dow Jones Industrial Average Dividend Yield 2.71%
10-year U.S. Treasury Yield 2.14%

Immediate term outlook:
The bear market rally in stocks that started in March 2009, extended because of unprecedented central bank money printing, is coming to an end. Gold bullion is up $1,000 an ounce since we first recommended it in 2002 and we are still bullish on the physical metal.

Short-to-medium term outlook:
World economies are entering their slowest growth period since 2009. The Chinese economy grew last year at its slowest pace in 24 years. Japan is in recession. The eurozone is in depression. With almost half the S&P 500 companies deriving revenue outside the U.S., slower world economic growth will negatively impact revenue and earnings growth of American companies. Domestically, America’s gross domestic product grew by only a meager 2.3% in the second quarter, which will negatively impact an already overpriced equity market.

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From: Michael Lombardi, MBA
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