September Jobs Report - 10/22/13 - October 22, 2013 - Employment Report

Non-Farm Payrolls & Unemployment Rate - 10/22/13 October 22, 2013 

On Tuesday October 22, 2013, the September jobs report will be released at 8:30am EST.  Because the Government was shut down for a two weeks, the release of this jobs report was delayed.

The consensus estimate for the jobs number has the U.S gaining 180,000 jobs in September 2013. The estimate for the unemployment rate is 7.3%. If you recall, the jobs number in August was 169,000. This report caused the stock market to rise significantly.

Prediction - My prediction is for a gain of 196,000 jobs in September and for the stock market to rally on Tuesday.

Check out a list of my stock picks for 2014 - Top Stocks 2014 - Top Penny Stocks 2014

June Jobs Report - July 2, 2009 7/2/09

At 8:30am EST today ( 7/2/09 ) we will be getting the June 2009 employment data and unemployment rate. We will also be getting last weeks initial claims data. As soon as the news hits, I will be updating this blog post with the jobs data.

June 2009 Employment Report - July 2, 2009


Jobs Numbers: -467,000

Unemployment Rate: 9.5%

Initial Claims: 614,000


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Stock Market 3/6/09 March 6, 2009 Wall Street Report

Today, March 6, 2009, all eyes are on the employment report ( or in this case unemployment report ) that will be released at 8:30am est. Estimates are for the US to have lost 650,000 jobs in February 2009. The unemployment rate is thought to have spiked to 7.9% Anything less would rally the market, anything more could still rally the market but if its over 750,000 we might have some problems. I will list the jobs report data here when the numbers are released.

Jobs Report 3/6/09

Jobs Number - ( Loss of 651,000 )
Unemployment Rate - 8.1%
January Revision - ( was -598,000 Now -655,000 ) December Revision ( was - 577,000 Now -681,000 )

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Mohamed El Erian Pimco CNBC 2/6/09 Comments

Mohamad El Erian of Pimco was on CNBC today, 2/6/09, and gave some comments on the economy and jobs report that was out today. The US lost 598,000 jobs in January and the unemployment rate shot up to 7.6%. The stock market is bouncing higher on this news, good sign!

Mohammad El-Erian CNBC Comments - February 6, 2009

I think the employment number is very concerning...we lost half of the total jobs in the last
few months....its telling you in a very clear and loud manner that we are in a crisis.

How to fix the financial system?

You need a shock and awe approach to banks balance sheets, you can't do it in rounds like we have been doing it. You need to impact balance sheets enough so private capital can come in, and banks lending can resume.

Take bad assets off balance sheets, its not going to be easy, its not going to be perfect, but
we need something significant.

The global economic crisis will get worse before it gets better, we need to get new capital to come into the market. Right now, the rest of the world is looking to the USA for leadership under President Obama.

For past Mohamad El Erian comments, Go Here

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Today's Stock Gainers 1/9/09 - Jobs Report

This morning, 1/09/09, the futures are slightly lower as we wait for the jobs report to hit. I will post the employment report number when it hits here in 15 minutes as well as the unemployment rate. Also check out technical analysis of the stock market for today.

Today's Biggest Gainers - January 9, 2009

Palm ( PALM ) - New Smart phone debuted at consumer electronic show
Apollo Group ( APOL ) - Strong Earnings Report
YRC Worldwide ( YRCW ) - Analyst Raises Estimates

Employment Number - -524,000
Unemployment Rate - 7.2%

There were revisions to the last payroll report, another 150K lost in November...so I don't really believe this -524K number. We lost 2.6 million jobs in 2008 - 1.9 million lost in the last 4 months.

Stock Market Futures are going up

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Dow Jones Close 12/5/08 - Stock Market Closing Prices

Stock Market Closing Prices - 12/05/08

Dow Jones Industrial Average ( DJIA ) Close - 8635.42 Up 259.18
Nasdaq Stock Market Close - 1509.31 Up 63.75
S&P 500 Close - 876 Up 31
http://dowjonesclose.com

Libor Rates - 12/05/08

1 Month - 1.87%
3 Month - 2.19%

Commodities Closing Prices - 12/05/08

Gold - 757
Oil - 41.84
Natural Gas - 5.76

The Dow Jones Industrial Average closed at 8635 on 12/05/08, after a horrible Jobs Report and rising unemployment number were released this morning. The Stock Market Futures sank on this news followed by a retest of the recent lows after stocks opened up for trading today. The Dow Jones bounced off of the 8150 support and has rallied all the way back in the afternoon to positive territory and then exploded even higher to the upside. Truly remarkable trading action today. The stock markets have been going up on horrible news lately, but this action today is a real statement! I will have more technical analysis of the stock market's for Monday, right HERE, over the weekend.

Today's Biggest Gainers - December 5, 2008


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Art Cashin CNBC 12/05/08 - Jobs Report

Art Cashin of UBS, came on CNBC today, 12/5/08, and gave comments on the Jobs Report and what he is looking for after this number was released.

Art said this looked like the time back in 1973-1974 where we had similar jobs numbers, they took the market down 50% going into the horrible data just like they did over the past year in 2008.

Art Cashin says look for a few things today - look for 8140 support on the Dow Jones, similar to what I am looking for, & 815 as support on the S&P 500. The bulls might face this number, maybe rally strongly, possibly already discounting the news. We will have to see what happens later today.

For all of Art Cashin's comments, go HERE

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November Jobs Report Unemployment 12/05/08

Today, 12/5/08, we are going to be getting the Jobs Report and Unemployment Rate for November. We are also going to be getting Revisions from the October Jobs Report. I will have them posted below as soon as they hit.

Job Loss - November 2008: ( - 533,000 )
October Job Loss Revision: ( - 320,000 )
Unemployment Rate - November 2008: ( 6.7% )


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Dow Jones Futures 12/05/08 - Stock Market

The Dow Jones and Stock Market Futures are flat today, 12/5/08, as we await the highly anticipated Jobs Report. There are a wide range of estimates out there ranging from a loss of 300,000 jobs to as high as a loss of 500,000 jobs. More importantly, I will be watching the revisions from the September Jobs Report because the Government never gets these reports right without revisions. It will be tricky to trade stocks off of this data because its hard to really tell how much of this bad news is already priced in. The Stock Market priced some of this in during the last hour on Thursday. Check out my technical stock charts! Merrill Lynch is out with an oil forecast for $25 Oil. This was the same firm along with Goldman Sachs that was telling you that Oil was going to $200 this fall. These analysts are so useless! I use them as contrary indicators and I think in the coming months we will see a bottom. Oil is $44.34 this morning.

Stock Market Futures - December 5, 2008

Dow Jones Futures - Up 1
Nasdaq Futures - Down 3
S&P 500 Futures - Up .50


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Art Cashin Comments CNBC 12/04/08 - Bottom?

Art Cashin, UBS Floor Trader on the NYSE, was on CNBC 12/4/08 and gave his comments on the stock market today.


Art Cashin CNBC Comments 12/4/08

With the News today, is there any way we can shake it off?

A lot of this negative economic stuff is kinda of catch up news priced in, its a good sign to get negative news and close up on the stock markets. We are still in a trading range, but its comforting to be closing up on bad news. This is a sign the market is bottoming!

Do you have a jobs number that's priced into the market for tomorrow? 300-350,000 is priced in, i'm hearing a number as high as 400,000 jobs lost tomorrow. Revisions will be something to watch as October's job loss could get revised higher.

We think the big three automakers will get some sort of bailout.

For all of Art Cashin's comments, go HERE

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