ADP Surprises With Biggest Job Loss in Nearly 6 Years
U.S. private-sector employers slashed 79,000 jobs in June, the largest drop since November 2002, according to a report by ADP Employer Services released Wednesday that may spell bad news for the government's labor market report later this week.
Dollar Hits The Skids After ADP Jobs Report
The dollar fell sharply against other major currencies after the release of data showing that US employers cut almost four times the amount of jobs analysts were expecting in June. The dollar plunged to a new 2-month low versus the euro and gave
Job Losses Likely to Grow, Fueling Economic Gloom
Unemployment, which has been relatively benign during the economic downturn, is expected to become a bigger problem as the summer progresses.
U.S. jobless claims jump in latest week
First-time filings for state unemployment benefits spiked upwards in the latest week, hitting their highest level since late March, as the number of continuing jobless claims marked their highest level since early 2004, the Labor Department repor
Eurozone Q1 Employment Increases
Eurozone employment grew 0.3% sequentially in the first quarter, same as in the fourth quarter of 2007, the Eurostat said Friday. The number of employed people totaled 145.7 million in the first quarter. Compared with the first quarter of 2007, e
Australian Dollar Falls, Bonds Rise After Employment Report
The Australian dollar fell for a third day and government bonds extended their gains after a report showed an unexpected drop in jobs last month.
Adjusted for Labor Force Growth, Today's Jobless Claims Are
Amidst all of the talk of rising weekly jobless claims being so egregiously large, let us try to put what has gone on thus far in historical perspective: Jobless claims are modest, at worst, compared to past periods of protracted economic weaknes
Pending Home Sales Data + Cancellations + Foreclosures = ?
Macro Effects of the Housing SlumpHome Gauge Climbs Amid Bargains. “National Association of Realtors: April pending home sales—meaning signed sales contracts—rose 6.3% from March to a level of 88.2, the highest in six months.
Dollar slides as jobs report dims rate hike outlook
The dollar fell across the board on Friday as a big jump in the U.S. jobless rate underscored the economy's weakness, which could prevent the Federal Reserve from raising interest rates later this year.
Another Rough Jobs Report: This Trend Has Legs
This week has witnessed some encouraging news on the economic front, but this morning's update on payrolls will mute any temptation for celebrating.
Non-Farm Payroll Webinar Review
A review of the Non-Farm Payroll Data announcement in real-time, as well as some news links to relevant economic news.
Grim jobs data, ECB rate hike talk pummel dollar
The dollar fell on Friday as an unexpected surge in the U.S. jobless rate revived fears of a deeper and more prolonged economic downturn, diminishing the prospects of Federal Reserve interest rate hikes by year-end.


