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Economy New payroll data for Friday

Discussion in 'The War Room' started by PEB, Jan 10, 2020.

  1. PEB Great turntable of space and time dude

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    "U.S. employers hit the brakes in December, slowing hiring levels to 145,000 new employees, the Labor Department reported Friday. The final jobs report of the decade was down sharply from November's pace of 266,000 new hires, and missed projections for 245,000 new workers by a wide margin.

    The unemployment rate held steady at 3.5%, and the participation rate remained unchanged at 63.2%. Private employers accounted for nearly all the growth, adding 139,000 workers during the month. Manufacturing payrolls declined by 12,000 workers. "

    https://www.investors.com/market-tr...buzzing-intuitive-surgical-soars-on-guidance/


    The dow will likely climb because great jobs data can effect the market because they expect the Fed to raise interest rates. Now it seems unlikely because slower growth will mean the Fed will hold steady.
     
  2. HockeyBjj Putting on the foil

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    Not the continued boom we've been experiencing, but still some slow growth. Good that it was private employers, and not public ones than can feel artificial.

    Holding steady at record low unemployment isn't a bad thing
     
  3. PEB Great turntable of space and time dude

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    Updated my post to reflect this comment Wall Street views this as a positive because it will ease the thoughts of Fed action.
     
  4. Cherry Brigand We're gonna put some heat on 'em.

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    Hiring generally slows at the end of the year, no?
     
  5. MMAisGod Ya keep pushing or ya quit. That simple.

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    This is what I thought as well, due to holiday season and whatnot with an uptick in January/February. Is that not the case?
     
  6. Jack V Savage Secretary of Keepin' It Real/Nicest Guy on Sherdog

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    The numbers are seasonally adjusted.
     
  7. PolishHeadlock2 Gold Belt

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    Normally you compare these numbers to the same quarter in the prior year
     

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