US: Job Growth Slows, but Labor Market Continues to Tighten
Payrolls rose 157,000 in July, while gains in May and June were revised up. Along with a pickup in wages and lower unemployment, the labor market continues to strengthen and supports the Fed’s plan to hike next month. Revisions Take...
U.S. July Employment Growth Slows
Highlights: July payroll employment gains slowed to 157k after upwardly revised increases the previous two months of 248k (213k previously) and 268k (244k). The separate, and more volatile, household survey indicated a stronger employment gain in July of 389k which,...
Canada’s Trade Deficit Gapped Lower in June
Highlights: June’s $0.6 billion deficit is the smallest since January 2017. Exports rose 4.1% in June though roughly half of that increase was price-related. Imports edged down only slightly. Non-energy export volumes rose for the third time in four months...
Dish Network shares rise 7% after subscriber losses are less than expected
Dish Network shares jumped 7 percent after the pay TV company reported better than expected profit. Dish posted June quarter earnings per share of 83 cents versus the Thomson Reuters consensus of 71 cents. Raymond James analyst Ric Prentiss called...
Services sector activity misses expectations in July, but still shows expansion
Activity in the services sector slowed more than expected in July. The Institute of Supply Management’s index fell to 55.7 percent, nearly 3 percentage points below an expected decline to 58.6 percent from 59.1 percent in June, according to economists...
Blame Toys R Us closure for jobs report miss
July’s jobs gains were short of expectations, and economists are pointing to the closing of retail chain Toys R Us for most of the miss. Toys R Us was an American icon, founded in 1948, but it was another victim...
Dollar Rally Hits the Wall of Chinese Intervention, Dragged Down by Mixed NFP
In early US session, Dollar is still trading as one of the strongest major currencies for the week, together with Canadian Dollar and Swiss Franc. However, it’s clearly losing some steam today and it’s in red against all others at...
US trade gap widens amid Trump’s tariff battle
The U.S. trade deficit increased 7.4 percent in June amid the nation’s ongoing tariff battle with its global trading partners. The total deficit in goods and services rose to $46.3 billion for the month, from $43.2 billion in May, the...
Pay raises coming this year for 58 percent of US workers, study shows
It’s a great time to be in the work force. With the labor market tight and companies increasingly competing to attract and retain qualified workers, 58 percent of employers plan to give out raises by the end of 2018, according...
Payrolls rise 157,000, missing expectations, but overall picture still strong
Payroll growth turned sluggish in July after two robust months, though the unemployment rate edged lower and the overall jobs picture continued to look solid, according to Labor Department numbers released Friday. Total nonfarm payrolls increased by 157,000 for the...
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