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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Showing posts with label jobs number. Show all posts
Showing posts with label jobs number. Show all posts
Thursday, July 2, 2009
Friday, January 9, 2009
Stock Market Report 1/9/09 January 9, 2009
This morning, 1/9/09, the stock market is breaking down due to what I think is a false jobs report. Government Data showed that the USA lost 524,000 jobs in the month of December but told us we lost an additional 150,000 jobs in November bringing the total in November to around 683,000 jobs lost. The same thing happened in October ( revision of around 150,000 lost ). We will know in a month if today's jobs report is accurate.
Furthermore, I am watching next support level of 8500 on the Dow Jones. It looks as though we may test this level today. Keep in mind, during the last week in December, we traded below 8500 for a few days on light volume and bounced so the true support level could be 8350. The Volatility Index is not spiking so it seems as though there isn't much panic, a positive sign.
Shares of Palm are soaring due to a new product introduced at the CES.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Furthermore, I am watching next support level of 8500 on the Dow Jones. It looks as though we may test this level today. Keep in mind, during the last week in December, we traded below 8500 for a few days on light volume and bounced so the true support level could be 8350. The Volatility Index is not spiking so it seems as though there isn't much panic, a positive sign.
Shares of Palm are soaring due to a new product introduced at the CES.
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Friday, November 7, 2008
Art Cashin CNBC 11/07/08 - Retest Lows - Jobs Number
Art Cashin was on CNBC today, 11/07/08, here are Art Cashin's comments on the stock market.
I'm a little surprised, I thought we'd be weak this morning because of the revision, and its equal to this jobs number being over 300,000 lost. Barack Obama is going to speak this afternoon at 2pm, I wish he would have waited until after the close today but we'll be watching.
Art, what is the likely hood we retest the lows?
I think there is a 50% chance we go down and retest the lows in some fashion, watch the S&P 500, if we break through 900 and 880 the percentage goes up.
If we test and fail to hold the lows we will have a very short, very sharp plunge and then build a monster reversal rally that will last. You can commit some funds on the way down to prepare for a reversal that will follow.
For more updates on the stock market, visit, http://daytradingstockblog.blogspot.com/
I'm a little surprised, I thought we'd be weak this morning because of the revision, and its equal to this jobs number being over 300,000 lost. Barack Obama is going to speak this afternoon at 2pm, I wish he would have waited until after the close today but we'll be watching.
Art, what is the likely hood we retest the lows?
I think there is a 50% chance we go down and retest the lows in some fashion, watch the S&P 500, if we break through 900 and 880 the percentage goes up.
If we test and fail to hold the lows we will have a very short, very sharp plunge and then build a monster reversal rally that will last. You can commit some funds on the way down to prepare for a reversal that will follow.
For more updates on the stock market, visit, http://daytradingstockblog.blogspot.com/
Unemployment Rate 6.5%, -240,000 Jobs lost 11/07/08
Today we got the Jobs Report Number and as expected, it was ugly! The market priced most of it in over the past two days however
11/07/08 Employment Report
-240,000 jobs lost
6.5% unemployment rate
Revisions from Sept Jobs Number
from -159,000 to -289,000
http://daytradingstockblog.blogspot.com/
11/07/08 Employment Report
-240,000 jobs lost
6.5% unemployment rate
Revisions from Sept Jobs Number
from -159,000 to -289,000
http://daytradingstockblog.blogspot.com/
Tuesday, October 28, 2008
Jobs Report 11/07/08 - Unemployment Rate for October
When are the next Jobs number and Unemployment rate data going to be released? The answer is Friday, November 7th, 2008. Mark this date on your calendars because this Jobs report and Unemployment rate number are going to be ugly. The question is, when will the markets start pricing in this data or is it already priced in? In September we saw the United States lose 159,000 jobs with the unemployment rate spiking to 6.1%. Stocks plunged on this news and we started a steep decline.
Some analysts estimate that the employment number is going to be -200,000+ jobs lost and the unemployment rate could hit 6.5% or higher. If the data we get on 11/07/08 is really bad, you could see massive panic and another downturn. Donald Trump thinks we are going into the second Depression.
Some analysts estimate that the employment number is going to be -200,000+ jobs lost and the unemployment rate could hit 6.5% or higher. If the data we get on 11/07/08 is really bad, you could see massive panic and another downturn. Donald Trump thinks we are going into the second Depression.
Friday, October 3, 2008
Jobs Number - Unemployement Rate 10/3/08
We lost 159,000 jobs .... biggest decline since March 2003
Uemployement Rate still 6.01%
Uemployement Rate still 6.01%
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