September 2008 Blog Posts (25)

trading on the momentum not the moment of the news

Added by Adam Horak on September 5, 2008 at 9:03am — 1 Comment

August non farm payroll 2008

The unemployment rate rose from 5.7 to 6.1 percent in August, and non-

farm payroll employment continued to trend down (-84,000), the Bureau of

Labor Statistics of the U.S. Department of Labor reported today. In August,

employment fell in manufacturing and employment services, while mining and

health care continued to add jobs. Average hourly earnings rose by 7 cents,

or 0.4 percent, over the month.

Unemployment (Household Survey Data)

The number… Continue

Added by Adam Horak on September 5, 2008 at 8:49am — No Comments

JDfn Daily Digest - September 4, 2008

The productivity of U.S. non-farm businesses was revised higher in the second quarter than previously estimated. Productivity rose at a 4.3% annual rate in the quarter, revised from 2.2% in the earlier estimate a month ago. Unit labor costs -- a key inflation gauge - fell 0.5%, revised down from a gain of 1.3%, the biggest decrease since the third quarter of 2007.

The government announced that first-time jobless claims increased by the largest amount in five weeks, another sign that… Continue

Added by Jack Lott on September 4, 2008 at 10:50am — No Comments

JDfn Daily Digest - September 3, 2008

National chain store sales fell 1.6% in the first four weeks of August versus the previous month. Sales in the week ended Aug. 30th were up 2.3% from the same week in 2007. Last minute back-to-school shopping and bargain hunting boosted sales for the week.

Businesses stepped up their demand for capital equipment in July. Core capital equipment orders rose 2.5. Overall new orders rose 1.3% in July, compared with 1% expected by economists. Orders for durable goods rose 1.3% in July,… Continue

Added by Jack Lott on September 3, 2008 at 10:12am — No Comments

JDfn Daily Digest - September 2, 2008

The Institute for Supply Management reported that the nation's manufacturers cut back production slightly in August. The ISM index inched lower to 49.9% in August from 50% in July. The drop was unexpected. The consensus forecast of estimates was for the index to hold steady at 50%.

US construction spending fell more than expected in July, as housing construction fell to its lowest level in more than seven years. Total US construction spending fell 0.6% in July, more than the 0.3%… Continue

Added by Jack Lott on September 2, 2008 at 10:51am — No Comments