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24 September 2021
17:35 hour

Disappointing Jobs Report And Record Highs

INO.com

07/05/2021 - 23:18

The S&P 500 and DOW jumped to record levels on Friday despite a disappointing April jobs report. The Labor Department said nonfarm payrolls increased by just 266,000 in April, far less than the 1 million total economists were expecting, according to Dow Jones. The unemployment rate rose to 6.1% last month amid an escalating shortage […] The post Disappointing Jobs Report And Record Highs appeared first on INO.com Trader's Blog.


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  4. US Chamber of Commerce calls for ending extra unemployment benefits after disappointing jobs report (07/05/2021 - Reddit Stock Market)
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  5. Economic Report: U.S. gains disappointing 266,000 jobs in April, but all signs still point to faster hiring in months ahead (07/05/2021 - Market Watch)
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  38. Jobs report shocks to the downside, adding only 261K jobs (07/05/2021 - Seeking Alpha)

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  45. U.S. Job Growth Picked Up Steam in May After Disappointing April (04/06/2021 - Reddit Stocks)
    U.S. job growth picked up in May and the unemployment rate fell, signaling firms are making some progress filling a record number of openings as the economy powers up. Payrolls increased by 559,000 last month after a revised 278,000 gain in April, according to a Labor Department report Friday. The median estimate in a Bloomberg survey of economists was for a 675,000 rise. The jobless rate dropped to 5.8%, while the labor participation rate was little changed. Long-term Treasury yields are little changed, the dollar declined and U.S. stock futures moved higher. The payrolls gain leaves the U.S. labor market 7.6 million jobs short of pre-pandemic levels. A broader improvement in the labor market requires faster job growth among service providers, like the leisure and hospitality industry, that have suffered a more lengthy disruption from the health crisis. Source: https://www.bloomberg.com/news/articles/2021-06-04/u-s-job-growth-picked-up-steam-in-may-after-disappointing-april?srnd=premium   submitted by   /u/Johnblr [link]   [comments]
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  46. MarketWatch Update: Bond traders still see Fed on course to announce taper in 2021 after August jobs report (03/09/2021 - Market Watch)
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  47. Capitol Report: ‘We’ve got work to do,’ Biden says after big April jobs report miss (07/05/2021 - Market Watch)
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  49. Metals Stocks: Gold prices lose grip on $1,700 ahead of U.S. jobs report (05/03/2021 - Market Watch)
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