FeedPosted Mar 30th 2011 12:30PM by Michael Fowlkes (RSS feed)
Filed under: Employees, Economic Data, Workspace, Recession
According to the ADP Employer Services Report, the private sector added 201,000 new jobs in March, basically in-line with 203,000 new jobs that analysts had been expecting to see.
February's figures were revised downwards to 208,000 from a previously estimated 216,000 new jobs.
March's employment gains bring the four-month average of new jobs to 211,000, more than enough to keep the labor track on path. Analysts estimate that the economy needs to add 125,000 new jobs each month in order to keep up with population growth, so any jobs over that figure result in a lower unemployment figures.
Continue reading Labor Market Continues to Show Signs of Improvement
Posted Mar 30th 2011 9:00AM by Michael Fowlkes (RSS feed)
Filed under: Before the Bell, Earnings Reports, Forecasts, Good news, Products and Services, Family Dollar Stores (FDO), Recession
Discount retailer Family Dollar Stores Inc. (FDO) reported its fiscal second quarter results this morning, topping analyst estimates and sending the stock higher in premarket trading.
For the quarter, Family Dollar reported it earned 98 cents per share, topping analyst estimates by a penny. During the same period last year, the company earned 81 cents per share.
Continue reading Family Dollar Earnings Top Estimates, Sending Shares Higher
Posted Mar 24th 2011 6:00PM by Jason Raznick (RSS feed)
Filed under: International Markets, Recession
Portugal Prime Minister Jose Socrates stood by his promise and resigned late Wednesday, leaving the country with a higher possibility of a bailout. Socrates had hoped to push through structural reforms in the country in order to cut down borrowing costs and decrease its fiscal deficit.
The prime manager's resignation was just another undesirable event for Portugal, as Moody's downgraded the country's sovereign debt rating last week and gave Portugal a negative outlook. Although nothing is certain, the outlook suggests that further ratings cuts may ensue.
Continue reading Trading Portugal's Politics
Posted Mar 5th 2011 3:10PM by Joseph Lazzaro (RSS feed)
Filed under: Good news, Economic Data, Federal Reserve, Recession
This past week's data point of significance for investors has to be the February nonfarm payroll report by the U.S. Department of Labor, which indicated that the U.S. economy created 192,000 jobs last month -- roughly in-line with the consensus estimate.
The good news was complemented by the fact that January's job gain was revised up to 63,000 from 36,000 and December's to 152,000 from 121,000. January's low job tally was probably skewed lower by the winter blizzards and storms that hit the Northeast and Midwest; hence, it's safe to say that the economy is creating jobs. What it needs now is sustained demand to drive GDP growth, which will lead to stronger job growth.
Continue reading Ray of Light: U.S. Private Sector Hiring Increases
Posted Feb 2nd 2011 3:30PM by Connie Madon (RSS feed)
Filed under: Market Matters, Economic Data, Housing, Recession

If you are looking for good news, here it is: the ADP jobs report for January shows an increase of 187,000, as reported by the
Wall Street Journal. Add to that the ISM manufacturing sector report, which shows the highest reading in 38 years! However, High Frequency Economics (HFE) notes that the index shows the rate of change, not the number of actual jobs created. Still HFE says that the ISM index would show 400,000 new jobs per month.
Continue reading Is the ADP Jobs Report Good News?
Posted Jan 20th 2011 6:30PM by Michael Fowlkes (RSS feed)
Filed under: After the Bell, Earnings Reports, Forecasts, Good news, From the Boards, Management, Market Matters, Recession

Financial giant Capital One (
COF) is trading slightly lower in after hours trading despite
crushing analyst estimates for its fourth quarter after today's market close.
As we noted in our
earnings preview, analysts had been expecting to see Capital One post earnings of $1.27 per share, but the company easily surpassed analyst forecasts by reporting earnings of $1.52 per share for the quarter.
Continue reading Capital One Reports Strong Q4 Results, Shares Slide
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