iLocatum’s Post

5. Impact on Various Stakeholders: The US Initial Jobless Claims report directly affects individuals who have lost their jobs and are seeking unemployment benefits. It provides them with insights into the overall labor market conditions, including the competition for new job opportunities. This report also influences businesses, allowing them to gauge market demand and anticipate fluctuations in consumer spending. Additionally, it influences consumer sentiment, as job security and employment prospects significantly impact household expenditure and confidence levels. Conclusion: The US Initial Jobless Claims report is a vital economic indicator that provides insights into the health of the labor market. It has wide-reaching implications for policymakers, investors, businesses, and individuals. By monitoring trends in initial jobless claims, stakeholders can predict shifts in economic growth, shape policy decisions, and adjust investment strategies accordingly. The report to be released on November 9th presents an opportunity for stakeholders to analyze the most recent data and gain a comprehensive understanding of the current state of the US labor market.

All eyes were on the December Jobs Report from the Bureau of Labor Statistics, in hopes we would see a "Goldilocks" situation where numbers were not so robust as to trigger more interest rate hikes and not so low as to raise worries about the economy. So how did things shake out? The market is continuing to show surprising resiliency as it surpasses analyst expectations with 216k jobs added (160k-170k job additions predicted) and unemployment rate remaining steady at 3.7%. Here are some key highlights from this morning’s report: 216K total jobs added 1.9K marketing jobs added While industry hiring slowed as we wrapped up 2023, we’re anticipating a major uptick as 2024 kicks off due to a laser focus on digital transformation and AI/Automation as major business strategies this year

The July employment report showed that the economy added 187K jobs during the month slightly below the consensus estimate of 200K. Click below to read our other thoughts. https://lnkd.in/dW_NEJZG #jobs  #economy  #marketcommentary

The labor market is tight, but it's easing up, according to chief economist at Moody’s Analytics. The number of job openings rose 5.8% (+690,000) to 9.6 million in August, according to the latest Job Openings and Labor Turnover Summary (JOLTS) report from the Bureau of Labor Statistics. The number of hires and total separations were little changed during the month. There were notable increases in job openings in: Professional and business services (+509,000) Finance and insurance (+96,000) State and local government education (+76,000) Nondurable goods manufacturing (+59,000) Federal government (+31,000) The quits rate remained relatively steady at 2.3%. Quits increased in accommodation and food service (+88,000); finance and insurance (+28,000); state and local government, excluding education (+21,000); and arts, entertainment, and recreation (+18,000), while decreasing in information (-30,000). Whether or not it’s cooling fast enough to avoid future rate hikes by the Fed remains to be seen. #labormarket

During January the economy added 353K jobs, much stronger than the expected gain of 185K. Click below to read our other thoughts. https://lnkd.in/gT988ykw #jobs  #economy  #marketcommentary

All eyes were on the December Jobs Report from the Bureau of Labor Statistics, in hopes we would see a "Goldilocks" situation where numbers were not so robust as to trigger more interest rate hikes and not so low as to raise worries about the economy. So how did things shake out? The market is continuing to show surprising resiliency as it surpasses analyst expectations with 216k jobs added (160k-170k job additions predicted) and unemployment rate remaining steady at 3.7%. Here are some key highlights from this morning’s report: 216K total jobs added 1.9K marketing jobs added While industry hiring slowed as we wrapped up 2023, we’re anticipating a major uptick as 2024 kicks off due to a laser focus on digital transformation and AI/Automation as major business strategies this year

All eyes were on the December Jobs Report from the Bureau of Labor Statistics, in hopes we would see a "Goldilocks" situation where numbers were not so robust as to trigger more interest rate hikes and not so low as to raise worries about the economy. So how did things shake out? The market is continuing to show surprising resiliency as it surpasses analyst expectations with 216k jobs added (160k-170k job additions predicted) and unemployment rate remaining steady at 3.7%. Here are some key highlights from this morning’s report: 216K total jobs added 1.9K marketing jobs added While industry hiring slowed as we wrapped up 2023, we’re anticipating a major uptick as 2024 kicks off due to a laser focus on digital transformation and AI/Automation as major business strategies this year

Expecting the normal drumbeat of government data on employment, job openings, industrial production, etc. in October? As Lee Corso famously shouts, "NOT SO FAST!" If, as expected, a government shutdown occurs on October 1st due to a rebellion among 5-15 representatives, much of the most important government data goes kaput for an unknown amount of time. That means no BLS (JOLTS, jobs report) data on October 6th + 8th, likely no data collection for the October report built on a survey done the week of the 12th each month, and likely other disruptions in data from the Bureau of Economic Analysis, Treasury Dept. and the U.S. Census. All of this makes the jobs of economists, business leaders, research analysts, and others far more difficult and confusing (as if it wasn't already). #labormarket #governmentshutdown #economy #datafog #lihm

In September, the economy added 336K jobs, significantly higher than the 170K estimate, and private payrolls increased by 263K, also well above the 160K estimate. Click below to read our other thoughts. https://lnkd.in/gufswu7M #jobs  #economy  #marketcommentary

Another monthly jobs report was released in the US this week. Food for Thought: 1. The BLS still appears to be manipulating data to try and show a more favorable job market dynamic. 2. The ADP data seems to show the real story (kudos to ADP for staying independent in the reporting) 3. vs year ago, total full time US jobs are down. Part time is up almost 900k. 4. Are more people working multiple jobs to maintain their lifestyle in this inflationary environment; And if so, how will that impact what products and brands they are consuming ? 5. What did I miss?