Post Tagged with: "economic data"

Chart: Employment and Wage Trends in New York City (including on Wall Street)

Chart: Employment and Wage Trends in New York City (including on Wall Street)

Great data from from the BLS. The average annual wage in New York’s financial industry more than tripled from 1990 to 2009.

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Chart of the Day: U.S. Payroll Employment By Industry, October 2011

Chart of the Day: U.S. Payroll Employment By Industry, October 2011

A breakdown of Friday’s numbers with net loss and gain by key industry.

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Kicking the “Cannes’” Down the Road

Kicking the “Cannes’” Down the Road

Markets are cautiously optimistic ahead of Greek confidence vote, US payrolls and G20. US private payrolls expected to increase by 125k; Greek headlines still likely to drive price action. G20 unlikely to deliver much in terms of policy solutions; problems require national solutions.

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The German labour market miracle

The German labour market miracle

Jobs and the lack of them are top of the agenda for policymakers and increasingly groups of protestors gathered in the financial districts of New York, London, and elsewhere. Unemployment in these countries is in danger of reaching 10%. In Germany, however, unemployment is below 7%. Some hail it as a miracle. This column finds a scientific – and far less inspiring – explanation.

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Markets Await Cues From the Fed

Markets Await Cues From the Fed

Market sentiment modestly improves after most Asian stocks fall ; EFSF to delay €3bln bond sale. Greek cabinet endorsed referendum plan overnight; aims to win Friday’s confidence vote. FOMC unlikely to announce further asset purchases, forecast updates; soft PMIs in EMEA.

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October 2011 Manufacturing ISM misses estimates

October 2011 Manufacturing ISM misses estimates

ISM’s October 2011 Manufacturing report on Business came in at 50.8, a level just above contraction. Last month was 51.6.

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The Greek Tragedy Resurfaces

The Greek Tragedy Resurfaces

Greece’s decision to hold a referendum weighing on sentiment; global PMIs most softer thus far. EUR/USD has retracted half of its Oct. move in two days; Greek referendum increases disorderly default risk. US ISM manufacturing key report of North American session; Asian trade numbers focus of EMs.

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China PMI drops to lowest in 32 months

China PMI drops to lowest in 32 months

50.4 is the lowest number since early 2009, during the depths of the recession. So this number, shades above contraction, is a big deal. In fact, the sub-index for new (export) orders index is contracting, meaning slowing economic growth in the developed economies is now impacting China as well.

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Chicago PMI at 58.4 tells a mixed message

Chicago PMI at 58.4 tells a mixed message

In terms of business activity, the Chicago ISM highlighted the fact that order backlogs recovered from two months of contraction and that employment was the highest in six months, even while new orders erased half of September’s gain.

As any number above 50 shows expansion, this is generally good report. But the message is mixed because of the continued fall in the three-month moving average.

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What US GDP and jobless claims say about the US economy

What US GDP and jobless claims say about the US economy

We got two good proxies for the economic trajectory in the US this morning at 830 AM. Jobless claims were 402,000 with the 4-week moving average now settling in at 405,500. GDP rose an annualized 2.5% in the third quarter according to the government’s advanced estimate. In the second quarter, real GDP had risen 1.3%.

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Fedex predicts record holiday shipping volume

Fedex predicts record holiday shipping volume

Fedex is a bellwether stock in the US because it handles so much cargo that it can be seen as a proxy for business activity. The company announced today that it expects record holiday shipping, albeit in its least-profitable residential service area. Nevertheless, this is a good sign for an economy in which recession looms and in which container imports declined in the third quarter due to high inventory levels.

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Markit Flash German PMI Shows Modest Rise; French PMI Contracts Sharply

Markit Flash German PMI Shows Modest Rise; French PMI Contracts Sharply

Key points: German Flash Composite Index at 2-month high; Flash Services Index at 3-month high; French Flash Composite Index at 29-month low; Flash Services Index at 27-month low

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