employment posts

Feed

Stock Futures Higher Ahead of ADP Employment Data

U.S. stock futures are higher this morning, as investors await ADP employment data. Futures for the Dow Jones Industrial Average surged 51 points to 12,276.00, and those for the S&P 500 index gained 6.20 points to 1,322.70. Futures for the Nasdaq 100 index added 16.50 points to 2,339.00.

Overseas, positive sentiment ruled the European markets today. While STOXX Europe 600 Index has gained 0.79%, London's FTSE 100 Index moved up 0.50%.

Continue reading Stock Futures Higher Ahead of ADP Employment Data

U.S. Stock Futures Up as Investors Await Jobs Report

U.S. stock futures are higher Friday morning as investors await non-farm payroll data for February. Futures on the Dow Jones Industrial Average surged 32 points to 12,271.00 and futures on the S&P 500 stock index gained 2.80 points to 1,332.50. Nasdaq 100 futures rose 5 points to 2,376.75.

U.S. stocks closed higher, with the blue-chip Dow index surging 1.59%, or 191.40, to close at 12,258 on Thursday.

The jobs report for February will be released at 8:30 a.m. ET. Data on factory orders for January will be released at 10 a.m. ET.

Continue reading U.S. Stock Futures Up as Investors Await Jobs Report

Job Cuts in 2010 Tumble to Lowest Level in More Than a Decade

The dismal jobs front got a bit more good news, following the release of a report showing the nation's employers last year cut the fewest number of workers in more than a decade. Further, the findings showed 2010 ended on a high note, with December recording the lowest number of monthly cuts since 2000.

The slowdown in cuts follows an uptick in activity in 2009 when downsizing reached a seven-year high, according to the 2010 year-end job-cut report, released Wednesday by job-services firm Challenger, Gray & Christmas. Last year, employers announced plans to eliminate 529,973 positions, the lowest number since 1997.

Continue reading Job Cuts in 2010 Tumble to Lowest Level in More Than a Decade

More People Are Quitting Their Jobs

The Bureau of Labor Statistics has an indicator that tracks the number of people who simply quit their jobs. CNBC.com reported that the indicator, which they dubbed "Take This Job and Shove It," climbed in October with 2 million people quitting their jobs, up from 1.7 million in the same month a year ago. The last time this pattern occurred was in 2003 when the economy started a long upward trend.

The "Shove It" indicator tends to turn up when people are confident enough that they will find another job if they quit their present one.

Continue reading More People Are Quitting Their Jobs

Job Openings Climb to a Two-Year High

Department of Labor sealThe Labor Department issued its Jobs Openings and Labor Turnover Survey (JOLTS) today, as reported by CNBC.com. Here are some available stats:

  • Business and government advertised 3.4 million jobs at the end of October, up 12% from the previous month.
  • The number of available jobs increased by about 1 million or 44% since July 2009. This was well below the 4.4 million advertised in December 2007.
  • There were on average 4.4 workers for each available job in October, down slightly from the 4.9 the previous month.
  • In 2007 the number stood at 1.8 workers for each available job.

Continue reading Job Openings Climb to a Two-Year High

Jobs Report Falls Short, Pushing Stocks Lower

The Labor Department threw the market a curve today when it reported nonfarm payrolls data for November. Employers added only 39,000 jobs in November, far below the 144,000 job growth economist had anticipated. The unemployment rate, too, rose to a seven-month high of 9.8%, up from 9.6% in October.

Markets reacted instantly. The Dow Jones Industrial Average futures fell 54 point to 11,310, and the S&P futures slid 7 points, The Wall Street Journal reported. Treasuries moved up, with the yield on the 10-year note declining to 2.94%.

Continue reading Jobs Report Falls Short, Pushing Stocks Lower

U.S. Adds 93,000 Private Sector Jobs in November

help wanted signIn a breakthrough on the jobs front, the U.S. added 93,000 private sector jobs from October to November, according to the latest ADP National Employment Report released today. The previous month's report was revised upward to 82,000 from 43,000.

November's gain was the largest private sector rise in three years. It is also the tenth month in which job growth has exceeded 47,000.

By sectors, gains were as follows:

Continue reading U.S. Adds 93,000 Private Sector Jobs in November

Fewer Small Business Start-Ups Mean Fewer Jobs

job seekerFewer business start-ups are being launched, reports the the Wall Street Journal. The Labor Department said that the number of companies with at least one employee fell by 100,000, or 2%, in the year ended March 31. That was the second worst performance in 18 years -- the worst one was a drop of 3.4% the previous year.

Why are these numbers important? In past recessions small business start-ups were the key to spurring the economy. In the three quarters that ended in March, newly formed companies created only 2.6 million jobs, 15% fewer than in the first three quarters of the last recovery.

Continue reading Fewer Small Business Start-Ups Mean Fewer Jobs

Week in Preview: New Earnings Season, Employment Data and More

earnings expectationsAlcoa (AA), Marriott (MAR) and Yum! Brands (YUM) kick off the new earnings season this week. Analysts surveyed by Thomson Reuters are looking for moderate year-over-year earnings and revenue growth in the third quarter from each of these dividend payers.

Note that Marriott and Yum! Brands have exceeded consensus estimates in recent quarters and have First Call consensus buy recommendations as well. They are also trading near their 52-week highs, while Alcoa shares are closer to the 52-week low despite a 22% rise in the past three months.

Continue reading Week in Preview: New Earnings Season, Employment Data and More

Conference Board Index Indicates a Slowdown in Hiring

The Conference Board issues a monthly employment trends index. In August, seven of the index components contributed negatively to the overall index, the Wall Street Journal reported.

The August index stood at 96.7, down from July's 97.4. "Employment growth has been slow lately, and the employment trends index suggests that it may slow even further this fall," said Gad, Levanon, associate director.

Continue reading Conference Board Index Indicates a Slowdown in Hiring

ADP Reports a Drop in Private Sector Jobs, but Markets Continue to Rally

Before the bell, investors and analysts alike were waiting for the ADP employment report in hopes it would show that the economy picked up. It looks like they will have to keep waiting as the report showed a drop of 10,000 private-sector jobs in August. The Street expected an increase of 25,000 private-sector jobs.

Despite the disappointment, markets opened significantly higher with the Dow Jones Industrial Average up over 100 points. The Street is feeling good from economic data released overseas that has investors focusing less on the bad news on the homefront.

Continue reading ADP Reports a Drop in Private Sector Jobs, but Markets Continue to Rally

Payroll Data Sets Bearish Tone for the Trading Day

Labor Department sealMany were expecting good news out of the Labor Department when it released the nonfarm payroll report for July. Unfortunately, this wasn't the case -- and the morning has taken a decidedly bearish tone.

According to the Labor Department, 131,000 jobs were lost during the month. The drop was attributed to the fact that 143,000 Census-related jobs were cut. Analysts expected overall employment to absorb the number of temporary jobs cut and show a drop of 65,000. When revising payrolls for May and June the picture turned even bleaker. The Labor Department revised the reading for those two months lower by 97,000, meaning fewer jobs than originally thought were created.

Continue reading Payroll Data Sets Bearish Tone for the Trading Day

Jobless Claims Data Cast a Bearish Tone

initial jobless claimsInvestors and economists received a rather nasty surprise this morning when the Labor Department released its weekly data on initial claims for jobless benefits. According to the Labor Department, new claims for unemployment insurance rose by 19,000 last week to a seasonally adjusted 479,000.

The government did note that some of the surprise increase (a small decrease was expected) may be attributed to difficulties the government has in adjusting for seasonal factors. The four-week average of initial claims increased by 5,250 to 452,250.

Continue reading Jobless Claims Data Cast a Bearish Tone

U.S. Private Sector Jobs Increase During July

help wanted signAccording to the ADP employment payroll report released Wednesday morning, private-sector employment in the United States increased by 42,000. This data is a precursor to Friday's nonfarm payroll report, which is expected to show a decline of 60,000. July's increase was the sixth straight increase.

With experts predicting a drop of 60,000 jobs, I have one major concern. According to the article, analysts are expecting an increase of 96,000 jobs in the private sector. But the private sector (while it did report an increase) reported far fewer than 96,000 added jobs.

Continue reading U.S. Private Sector Jobs Increase During July

Walmart Finally Coming to Chicago?

After years of pretty staunch resistance, Walmart (WMT) may finally be gaining access to the nation's third-biggest market: Chicago. In the past, labor unions and other organizations had banned the retailing giant from the metro area, citing unreasonable salaries and unfair treatment.

In an effort to respond to these concerns, WMT has devised the "Chicago Community Investment Partnership," which carries enough economic clout to win over the Windy City's decision-makers. As Alderman Anthony A. Beale summed up in a release, "most of all, [the city of Chicago] need(s) good jobs."

The Partnership, to be carried out over the next five years, promises the following:

Continue reading Walmart Finally Coming to Chicago?

Next Page >

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 01:12 PM

Hot Stocks

General Electric

18.875-0.255(-1.33)

Alcoa

10.29-0.35(-3.29)

Apple Inc

493.42+0.25(+0.05)

Google Inc 'A'

605.91-5.55(-0.91)

Bank of America

8.07-0.11(-1.34)

Wal-Mart Stores

61.90-0.06(-0.10)

Exxon Mobil Corp

83.80-1.08(-1.27)

Ford

12.44-0.25(-1.97)

Citigroup

32.925-0.735(-2.18)

IBM

192.42-0.71(-0.37)

Yahoo

16.14+0.14(+0.88)

Starbucks

48.82-0.38(-0.77)

Microsoft

30.495-0.275(-0.89)

Home Depot

45.33+0.06(+0.13)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1328983966999 ms.