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Jobs Market

The U.S. jobs market is fundamentally tormented. The job numbers look great on the surface but underneath, there are major problems. According to the U.S. Bureau of Labor Statistics, the U.S. unemployment rate declined from 5.7% in January of 2015 to just 5.0% in December 2015. (Source: Bureau…

On Friday, from the U.S. Bureau of Labor Statistics, we learned that the U.S. economy added 271,000 jobs in October and the official unemployment rate is now down to five percent, its lowest level since 2008. The average analyst expectation was for 180,000 jobs to be created last…

This past Friday, the Bureau of Labor Statistics reported only 142,000 jobs were added to the U.S. economy in September. And August’s figure was revised lower from 173,000 previously reported jobs created to an actual number of only 136,000 jobs. (Source: Bureau of Labor Statistics, October 2, 2015.)…

According to the latest labor market report, U.S. jobs numbers are pointing to an economy that is nowhere near ready for a rise in interest rates. Robust jobs “growth” is simply not there, given the weak manufacturing sector and a troubling inflation outlook. Instead, it appears U.S. jobs…

Here we go again. Just when the stock market is moving lower and forecasting a potential correction, we see buying emerging, driving the bears back to the woods. The reality is that I was looking for the S&P 500 to potentially correct 10%, down to around 1,792, something…

Finally, some good news for the U.S. economy? Last week, the U.S. Bureau of Labor Statistics reported 248,000 jobs were created in the U.S. economy in September, pushing the unemployment rate down to 5.9% from 6.1% the previous month. (Source: Bureau of Labor Statistics, October 3, 2014.) The…

Six years ago this month, in the midst of the Great Recession, Lehman Brothers, one of the most well-known investment banks in the U.S. economy, filed for bankruptcy. At the time, Lehman’s bankruptcy sparked widespread worries…and the U.S. financial system teetered on the verge of collapse. For those…

A week ago today, the Bureau of Labor Statistics (BLS) released its jobs market report for the month of August. To say the very least, there was nothing in that report that says the labor market in the U.S. economy is back on its feet. In fact, the…

In spite of some doom and gloom scenarios for the housing market, so far it has been full steam ahead as the sector continues to blaze along since bouncing out of the Great Recession in 2008. With interest rates and mortgage rates continuing to be relatively low, and with…

According to Fed Chairwoman Janet Yellen, “More jobs have now been created in the recovery than were lost in the downturn… the unemployment rate, at 6.2% in July, has declined nearly 4 percentage points from its late 2009 peak.” (Source: “Labor Market Dynamics and Monetary Policy,” Federal Reserve,…

The housing market picked up steam in July after some stalling in the first half of the year, which was negatively affected by bad winter conditions in the first quarter. Housing starts surged 15.7% to a seasonally adjusted 1.09 million units in July, the market’s highest production in…

Yesterday, the Dow Jones Industrial Average fell 317 points, while the NASDAQ Composite Index fell 93 points—respective losses of about two percent per index. This morning, stock market futures are down again. As a reader of Profit Confidential, this “rout” we are now in should come as no…

One week ago today, the Bureau of Labor Statistics reported 288,000 jobs were added to the U.S. jobs market in April. The unemployment rate fell to 6.3% from 6.7 % in March. (Source: Bureau of Labor Statistics, May 2, 2014.) Even the most optimistic of economists weren’t expecting…

Boy…did investors ever get excited about Friday’s jobs market report. In case you haven’t heard, in March, 192,000 jobs were added to the U.S. economy. The chart below shows stock market investor reaction after March’s jobs market report was released Friday morning; and investors bought more stocks! Sure,…

The current stock market sentiment is bullish and based on the charts, there are indications that the market wants to go higher, especially technology and small-cap stocks. The S&P 500 is eyeing another record-high and it may just reach it by the time you read this. While stock…

New York City is a colossal urban jungle, but what strikes me is the surging housing market rental prices in not only Manhattan, but also the strong price appreciation in the borough of Brooklyn. Average home prices peaked around $550,000 in early 2006, prior to a steady decline…

This past Friday, the Bureau of Labor Statistics reported 175,000 jobs were added to the U.S. economy in the month of February. (Source: Bureau of Labor Statistics, March 7, 2014.) The way the media reported it… “Friday’s jobs market report caught the market by surprise,” was what most…

Just as the majority of Americans think the U.S. jobs market is improving, there’s a notion in the air that the U.S. housing market has rebounded and is healthy again. I don’t believe this to be true. Just like the government’s official unemployment number is manipulated because it…