We begin with the jobs report. After a strong jobless claims report. The claims for the first time Unemployment Benefits have remains below 300,000 now for nine consecutive weeks. That should indicate a strengthening job mar economic picture has gotten hazy. Yesterdays private payrolls report baz disappointing so with the latest read on worker product growth stagnating for the First Quarter in the year making tomorrows t job report harder to prehikt. Hampton with the report now. Wall street expecting rebound from only 126,000 jobs added to payroll in march. But app ril job reports, at 315,000, a sharp contrast to predictions of just 186,000 new jobs from russell investments. The konsence us forecast for april calls for 128,000 new jobs and a 5. 4 new jobs report. And a weaker than expected private sector report has in bracing. If you have a meter going into the green in terms of positive and a meter in the red going negative that we should be on the lookout for another reading that goe
Too strong and the Unemployment Rate fell to 5. 4 . The lowest rate since 2008. The goldilocks report sent stocks soaring with job growth that many said was just good enough to hold off a Federal Reserve rate hike until the second half of the year. The Dow Jones Industrial inde week with a gain of 267 points to 18,191 and the nasdaq rooz 58 and the s p rose 28 points. Hampton pearson has more. Led by a boost in the Service Sector and construction and health care the jobs rebounded strongly in april, good news for president obama. Nearly the fastest pace in over a decade. March it turns out was worse than previously reported producing just 85,000 jobs. April, however, added nearly three times as many workers. On wall street a sigh of relief from leading economists. I would expect Something Like 200,000 from here on out. So maybe a little less than this report if there was an element of snap back there. The underlying trend growth of the economy is probably about 2. 5 right now and that
It is an exclusive you wont see anywhere but on cnbc. As you were saying a positive month but ending with losses with the dow and s p 500 down for the third time in four days now. The nasdaq down for a fourth straight session. It is currently off by over 1 . The major averages up however, for the month of april. Having their biggest drops today, though since april 17th which is approximately two weeks ago. Check out oil, though having its best monthly gain in six years. Crude is up more than 24 over that period. Bertha coombs is at the nasdaq jackie deangeles at s p. Bob, is there something more to this . I think the problem is we have continuing concerns about the inability to get earnings up significantly. Were flat but not moving up very much. I think we would have ended april last week because youre right, we havent had any energy at all this week. Look at the s p 500. Were to the downside and moving sideways and were at the lows for the week. Really were having a lousy week overal
We begin with the jobs report. After a strong jobless claims report. The claims for the first time Unemployment Benefits have remains below 300,000 now for nine consecutive weeks. That should indicate a strengthening job mar economic picture has gotten hazy. Yesterdays private payrolls report baz disappointing so with the latest read on worker product growth stagnating for the First Quarter in the year making tomorrows t job report harder to prehikt. Hampton with the report now. Wall street expecting rebound from only 126,000 jobs added to payroll in march. But app ril job reports, at 315,000, a sharp contrast to predictions of just 186,000 new jobs from russell investments. The konsence us forecast for april calls for 128,000 new jobs and a 5. 4 new jobs report. And a weaker than expected private sector report has in bracing. If you have a meter going into the green in terms of positive and a meter in the red going negative that we should be on the lookout for another reading that goe
We begin with the jobs report. After a strong jobless claims report. The claims for the first time Unemployment Benefits have remains below 300,000 now for nine consecutive weeks. That should indicate a strengthening job mar economic picture has gotten hazy. Yesterdays private payrolls report baz disappointing so with the latest read on worker product growth stagnating for the First Quarter in the year making tomorrows t job report harder to prehikt. Hampton with the report now. Wall street expecting rebound from only 126,000 jobs added to payroll in march. But app ril job reports, at 315,000, a sharp contrast to predictions of just 186,000 new jobs from russell investments. The konsence us forecast for april calls for 128,000 new jobs and a 5. 4 new jobs report. And a weaker than expected private sector report has in bracing. If you have a meter going into the green in terms of positive and a meter in the red going negative that we should be on the lookout for another reading that goe