Treasuries headed for their biggest drop in more than two weeks after a gauge of private-sector employment growth was in line with estimates, leaving intact expectations that the Federal Reserve will raise interest rates this year. Processing Content The 10-year note’s yield was nearly five basis points higher on the day at 4.49%, only its […]
Treasuries eye biggest loss in two weeks after ADP jobs data Read More »
Processing Content Key insight: Payrolls increased modestly in March, adding 178,000 new hires Supporting data: The unemployment rate held steady at 4.3%. Forward look: Concentrated hiring in certain sectors, with simultaneous layoffs in others, could test the Fed’s patience on rate cuts. U.S. job growth rebounded in March, with nonfarm payrolls rising by 178,000 after
Jobs rebound in March, unemployment at 4.3% Read More »
Key insight: Unemployment ticked slightly up to 4.4% — from 4.3% in August — and revisions of prior reports show weaker employment gains over the summer. Supporting data: The economy added 119,000 jobs and 7.6 million unemployed, with major losses in transportation and government offset by gains in health care and social services. Forward look:
Unemployment persistent, jobs up in September Read More »
Key Insight: Payroll firm ADP showed that employers lost 32,000 jobs in September, but the Bureau of Labor Statistics did not release its scheduled jobs report Friday because of the federal government shutdown. Forward look: The Fed cut rates by 25 basis points in September as a “risk management” move. The absence of a key
Even as shutdown halts BLS data, hiring appears to be slowing Read More »