Former Speaker of the House Nancy Pelosi (D-CA) trashed the June jobs report — even though it showed rapid job growth, rising wages, and low unemployment. The report from the U.S. Bureau of Labor Statistics showed that employers created 213,000 new jobs in June — 22,000 more than economists had expected. Manufacturing jobs in particular rose by 36,000.The unemployment rate rose slightly, from 3.8% to 4.0% — but that was partly because so many people are entering (or re-entering) the labor force. Hispanic unemployment hit an all-time low of 4.6%, while black unemployment was at its second-lowest level ever, at 6.5%. Wages rose 2.7% on an annualized basis, only slightly below expectations of 2.8%. None of that, apparently, was good news, according to Pelosi. She released a rambling statement warning of a “brewing storm” — but did not say what, exactly, Americans should fear: June jobs numbers show what is at stake from the brewing storm of rising … [Read more...] about Nancy Pelosi Trashes June Jobs Report, Warns of ‘Brewing Storm’ of Wealth and Opportunity
June jobs report
BANK OF AMERICA: Here’s the jobs report numbers that would ‘spook’ the market
source Mario Tama/Getty Images The June jobs report is due out at 8:30 a.m. ET. The numbers are expected to be pretty solid. Bank of America lays out what would be needed to “spook” the market. The June jobs report is due out Friday morning, and by all accounts it is expected to be a pretty good report. Economists surveyed by Bloomberg are expecting the US economy to have added 195,000 nonfarm jobs as the unemployment rate held at 3.8%. Additionally, average hourly earnings are expected to have increased 0.3% month-over-month. However, there are some numbers that can “spook” the market, according to a note sent out to clients Friday morning by Michael Hartnett’s team at Bank of America Merrill Lynch. Take a look: Stagflationary payrolls of less than 140,000 Average hourly earnings of more than 0.4% Stay tuned for the report, which is set to cross the wires at 8:30 a.m. ET. … [Read more...] about BANK OF AMERICA: Here’s the jobs report numbers that would ‘spook’ the market
Trump Breaks Protocol With Tweet About Jobs Report Before It Is Released
Sections SEARCH Skip to content Skip to site index Politics Subscribe Log In Subscribe Log In Advertisement Supported by ByJim Tankersley June 1, 2018 WASHINGTON — President Trump broke years of presidential protocol on Friday morning by posting a tweet that signaled a strong jobs report was on its way from the Labor Department an hour before the report was released. The Bureau of Labor Statistics routinely releases its monthly employment report on the first Friday of the month. The night before, under longstanding tradition, the president and several senior administration officials — including the Treasury secretary and the chairman of the Council of Economic Advisers — are briefed on the numbers, which they are not supposed to disclose until the report is made public at 8:30 a.m. Eastern Time the next morning. But Mr. Trump appeared to foreshadow the strength of the latest report on Friday morning on Twitter: … [Read more...] about Trump Breaks Protocol With Tweet About Jobs Report Before It Is Released
SF Police Chief Bill Scott is finalist for LAPD chief’s job, report says
By Evan Sernoffsky Published 3:46 pm, Tuesday, May 8, 2018 Photo: / Image 1of/1 CaptionClose Image 1 of 1 San Francisco police chief Bill Scott appears on a panel for a discussion on officer involved shootings at a meeting of the Northern California chapter of the National Organization of Black Law Enforcement Executives in Oakland, Calif. on Friday, April 13, 2018 less San Francisco police chief Bill Scott appears on a panel for a discussion on officer involved shootings at a meeting of the Northern California chapter of the National Organization of Black Law Enforcement ... more Photo: / SF Police Chief Bill Scott is finalist for LAPD chief’s job, report says 1 / 1 Back to Gallery San Francisco Police Chief Bill Scott is reportedly one of three finalists for the job of top cop in Los Angeles after being … [Read more...] about SF Police Chief Bill Scott is finalist for LAPD chief’s job, report says
Asian markets rise, tracking Wall Street gains on job report
Kelvin Chan, Ap Business Writer Updated 11:18 pm, Sunday, May 6, 2018 window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-3', placement: 'Interstitial Gallery Thumbnails 3', target_type: 'mix' }); _taboola.push({flush: true}); Photo: Vincent Yu, AP Image 1of/3 CaptionClose Image 1 of 3 A woman walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Monday, May 7, 2018. Most Asian stock markets started the week higher following strong gains on Wall Street after the U.S. jobless rate hit an 18-year low, helping investors overlook unresolved trade tensions between Washington and Beijing. less A woman walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Monday, May 7, 2018. Most Asian stock markets started the week higher following … [Read more...] about Asian markets rise, tracking Wall Street gains on job report