How awful was today’s non-farm payrolls report?
Let’s start with the bad news:
Nonfarm payrolls for October fell 190,000, which is worse than the decline of 175,000 that had been widely forecast.
Job losses for the previous month were upwardly …
Last Thursday the advanced Durable Goods report for April 2009 was released by the U.S. Census Bureau. I always look for clues in the report to see what is happening in the high tech industry. What does this month’s report tell us?Whither Semiconductor…
Today the Fed released Industrial Production numbers for April. For the most part, the “less bad” theme remains intact.The chart below presents month-over-month percent change for the three Technology sub-sectors.The Computers and peripheral equipment …
So how do we view the most recent data from the tech sector? We two economic reports and comments from a CEO. They can be looked at as lagging and leading indicators respectively. How much weight do we give to each?First, a lagging indicator –From tod…
The Bureau of Economic Analysis today released the advanced report on GDP for the first quarter on 2009. The headline number came in at -6.1%, significantly worse than expected. The stock market, however, rallied on the news.Two factors were looked at …
The Advanced Durable Goods report for February 2009 was released today. The headline number was positive and the market took off though gains were moderated by the close.The headline number for New Orders registered a gain of 3.4% where most analysts e…
The Durable Goods report for January 2009 was released by the U.S. Census Bureau today. Everyone anticipated it would be bad but it managed to solidly exceed expectations on the downside.Headline numbers were as follows: New Orders down 5.2%, Shipments…
The advanced numbers for December 2008 Durable Goods were released today and they were considerably worse than expected. The headline numbers were as follows:New orders for manufactured durable goods in December decreased $4.7 billion or 2.6 percent to…
If you weren’t sure how bad sales in the U.S. have been lately, take a look at the chart below.Last week the Census Bureau released the Manufacturing and Trade Inventories and Sales report for November 2008. At this point, November seems like ancient h…
Last week markets received some pretty ugly news related to employment, or the lack thereof. ADP came out with their estimate of nearly 700,000 jobs lost in December. The Bureaus of Labor Statistics released their non-farm payrolls report which include…