Latest news with #employmentdata
Reuters
6 days ago
- Business
- Reuters
China youth jobless rate drops to 12-month low in June
BEIJING, July 17 (Reuters) - The jobless rate for 16- to 24-year-olds in China, excluding college students, dropped to a 12-month low of 14.5% in June, data from the National Bureau of Statistics showed on Thursday. The unemployment rate for 25- to 29-year-olds, excluding students, slid to 6.7% from 7.0% a month earlier, while the jobless rate for 30- to 59-year-olds climbed to 4.0% from 3.9%, the data showed.
Yahoo
02-07-2025
- Business
- Yahoo
Treasuries Fall for Second Day With Focus on US Jobs Numbers
(Bloomberg) -- Treasuries are set for a second daily drop heading into a double whammy of labor data, following an unexpected jump in US job opening numbers. Struggling Downtowns Are Looking to Lure New Crowds Sprawl Is Still Not the Answer California Exempts Building Projects From Environmental Law What Gothenburg Got Out of Congestion Pricing US 10-year yields rose four basis points to 4.28%, climbing after reaching a two-month low Tuesday. Two-year rates, which are more sensitive to changes in monetary policy, advanced two basis points to 3.79%. With the job openings data pointing to a hotter economy, market expectations are building that today's ADP Research employment numbers and Thursday's non-farm payrolls could also reflect that. It's leading traders to pare bets on Federal Reserve interest-rate cuts, with swaps evenly split on two or three quarter-point reductions by year-end, with only a 15% chance the first cut is delivered later this month. 'The data put the latest dovishness to the test,' said Evelyne Gomez-Liechti, a strategist at Mizuho International Plc. She says a rate cut this month is unlikely and a reduction of more than a quarter-point in September looks like a stretch. Private-sector payroll numbers published by ADP Research are forecast to rise to 98,000 in June, from 37,000 previously, according to a Bloomberg poll of economists. Investors are also contending with President Donald Trump's sweeping budget bill, which was narrowly passed in a Senate vote Tuesday and carries implications for the deficit. The House plans to vote on the bill Wednesday as Republicans rush to complete work on the legislation by a July 4 deadline set by the President. The House-passed version of the package was most recently estimated by the CBO to boost the deficit by some $2.8 trillion. Open interest data shows traders added new long positions into the recent bond market rally. Outstanding positions in US 10-year bond futures exceeded 5 million lots last week for the first time since the contract expiring in September became the most actively traded one month ago. (Adds positioning in bond futures in the final paragraph) SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too How to Steal a House China's Homegrown Jewelry Superstar America's Top Consumer-Sentiment Economist Is Worried Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate ©2025 Bloomberg L.P. Sign in to access your portfolio
Wall Street Journal
02-07-2025
- Business
- Wall Street Journal
Stock Market Today: Dow Futures Edge Up—Live Updates
Stock futures ticked higher early Wednesday, a day after Republicans squeaked President Trump's tax-and-spending bill through the Senate. The bill now returns to the House. On trade, the President said he won't extend a July 9 deadline to resume higher tariffs, saying Japan and other countries were spoiled. Up ahead, investors will scrutinize private-sector employment data from ADP, a day ahead of the widely watched nonfarm payrolls report. And Tesla is due to update the market with quarterly figures on vehicle production and delivery.
Yahoo
29-06-2025
- Business
- Yahoo
Holiday Trading, Trade Negotiations and Other Key Things to Watch this Week
Markets enter the final week of June with the S&P 500 ($SPX) (SPY) maintaining resilience near recent highs despite ongoing market volatility. With the S&P 500 having rallied more than 25% off its April low, complacency may be an investor's biggest enemy as traders prepare for a holiday-shortened week featuring critical employment data, manufacturing updates, and Tesla's closely watched quarterly delivery numbers. Trade negotiations remain in focus following last week's positive U.S.-China trade developments touted by Trump, while the White House downplayed the significance of the July 9 tariff deadline. Friday's halt to Canada trade negotiations was quickly shrugged off by investors, suggesting markets have become increasingly adept at parsing trade rhetoric from substantive policy changes. The week brings a packed economic calendar culminating with Friday's jobs report, while markets will close early Thursday for Independence Day celebrations. Here are 5 things to watch this week in the Market. Alibaba Is Restructuring Its E-Commerce Unit. How Should You Play BABA Stock Here? Alphabet's Strong Free Cash Flow Makes GOOG Stock a Value Buy This Psychedelic Drug Flopped on Trial Results. Should You Buy the Dip? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Manufacturing Momentum Check Monday's Chicago PMI at 9:45am kicks off a comprehensive assessment of manufacturing sector health, followed by Tuesday's dual manufacturing readings with S&P Global Manufacturing PMI at 9:45am and ISM Manufacturing PMI at 10am. The ISM report typically carries more market weight due to its broader survey base and longer track record as a leading economic indicator. Manufacturing has faced headwinds throughout 2025, with several months showing contraction territory below the critical 50 level. Any signs of expansion could boost cyclical sectors and industrial stocks, while continued weakness might raise concerns about broader economic resilience heading into the second half of the year. The ISM Manufacturing Prices component will be particularly scrutinized for inflation signals, especially given the Fed's ongoing focus on price stability. Companies in the materials, industrials, and machinery sectors could see heightened volatility based on these readings. Tesla Delivery Drama Wednesday brings Tesla's (TSLA) highly anticipated Q2 delivery numbers, a critical test for the electric vehicle leader following a 13% year-over-year drop in first-quarter deliveries that disappointed investors. Wall Street will be closely watching whether Tesla can demonstrate improved demand momentum amid increasing competition in the EV space and ongoing market share pressures. The delivery figures will provide crucial insights into consumer appetite for Tesla's vehicles and the effectiveness of recent price adjustments and promotional strategies. Beyond the headline numbers, investors will analyze geographic performance, model mix, and any commentary about production challenges or supply chain issues. The results could significantly impact not only Tesla's stock price but also broader sentiment toward the EV sector and related supply chain companies including battery manufacturers, charging infrastructure providers, and automotive technology firms. Powell's Policy Perspective Fed Chair Jerome Powell's scheduled speech at 9:30am Tuesday represents the week's most significant monetary policy event, coming as markets continue to parse the central bank's outlook for interest rates through the remainder of 2025. The central bank held rates steady at recent meetings while maintaining a cautious stance on inflation progress. Powell's remarks will be closely analyzed for any evolution in the Fed's thinking about the timing and pace of potential rate adjustments, particularly given mixed economic signals and ongoing labor market strength. His commentary could influence rate-sensitive sectors including technology, utilities, and financials, while providing guidance on the Fed's assessment of current economic conditions. The speech timing, coinciding with manufacturing data releases, creates potential for amplified market reactions if Powell's observations align with or contradict incoming economic indicators. Employment Reality Check Friday's jobs report at 8:30am represents the week's most consequential data release, delivering the unemployment rate, nonfarm payrolls, and critically important average hourly earnings figures. Wednesday's ADP employment report at 8:15am will provide an early preview of private sector hiring trends, while Thursday's initial jobless claims offer the latest snapshot of labor market health. The employment picture has remained robust throughout 2025, supporting consumer spending and economic growth while complicating the Fed's inflation fight. Any significant deviation from recent strength could alter expectations for monetary policy and impact sectors ranging from consumer discretionary to housing-related companies. Average hourly earnings data will be particularly scrutinized as a key inflation indicator, with wage growth remaining a central concern for policymakers. The convergence of JOLTS job openings data Tuesday, ADP Wednesday, and the comprehensive jobs report Friday creates potential for sustained volatility in employment-sensitive sectors. Holiday Trading Dynamics Thursday's early market close at 1pm for Independence Day, followed by Friday's early 1pm close, creates a unique trading environment that could amplify volatility around key data releases. Historical patterns suggest holiday-shortened weeks often experience reduced liquidity, potentially leading to more pronounced price movements on lower volume. The concentration of critical economic data - including manufacturing readings, Tesla deliveries, and the jobs report - within the shortened trading schedule could create compressed reaction times and heightened market sensitivity. Traders should prepare for potentially wider spreads and more volatile price action, particularly around Wednesday's data releases and Friday morning's jobs report. The holiday timing may also influence institutional positioning decisions and options expirations, adding another layer of complexity to an already data-heavy week. Best of luck this week and don't forget to check out my daily options article. On the date of publication, Gavin McMaster did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
15-05-2025
- Business
- Yahoo
Target Corporation (TGT) – 'Walmart's Coming On – Target Better Stay Relevant,' Warns Cramer
We recently published a list of . In this article, we are going to take a look at where Target Corporation (NYSE:TGT) stands against other stocks that Jim Cramer recently discussed. In a recent appearance on CNBC's Squawk on the Street, Jim Cramer discussed recent employment data which covered nonfarm payrolls, the unemployment rate, and other details. The figures revealed that nonfarm payrolls grew by 177,000 in April which handily beat economists' forecast of 133,000. Additionally, despite worries about a growth slowdown, recessionary fears, and high interest rates, April's unemployment rate sat unchanged at 4.2%. Cramer gushed about the data and shared that it was the only data that mattered when it came to considering whether there would be a recession. He commented: 'Really strong numbers and it's one of those this right now the President has that, uh, Truth Social squib, about the Fed should cut. I think the difficulty is a positive difficulty. These are really good numbers and it's not like they're red hot in terms of inflation. I like the fact that a lot of them we haven't seen layoffs yet, from severance, remember from government, that was minus 9,000. The healthcare's up, it's just a good number! I mean, it's a number you expect and like to see when we're, you know kind of worried about a recession! It's a take the recession off the table number!' While the CNBC host admitted that some regions of the economy were weak, he nevertheless remained optimistic: 'We're supposed to have a pullback. We're just not getting it. Look there are spots that are weak but they tend to be aligned with outfits that aren't doing that well. . . I like these numbers, they make me feel like that the President should have said, uh, it's going to make it so that we might not have to cut rates but hang in there. Maybe things will not be so good so. I mean what does he, don't box yourself Mr. President. . .' Another theme that Cramer has discussed quite a lot in his morning show this year is the rally in the European stock market. In an April appearance, he remarked 'I think a lot of people say you know what, I keep sending money over there, and I win. So I'm gonna keep sending money over there. Those economies are being juiced by a wartime. . you know they're spending a lot.' This time around, he pointed out that the US was back. 'You know everyone's still talking about the big European rally, said Cramer. He added: 'Hello? It's been a US rally! Let's stop it already. That European rally it occurred, dynamite, I'm going over to Europe, I'll check it out myself.' Cramer then continued to gush about the jobs report. In fact, he called the reports the North Star of investing: 'I hate to be so simpleminded, but I've done, for one of my books I did this thing about what is the one statistic that you need to know. Over the past forty years. And the statistic is, this Friday. Once a month, you need to know this number. And if this number is true, and you have good employment growth, then you can just take it to the next three weeks. . . .take anything negative off the table because this is the number that is the North Star.' To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC's Squawk on the Street aired on May 2nd. For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Number of Hedge Fund Holders In Q4 2024: 56 Target Corporation (NYSE:TGT) is one of the biggest discount store operators in America. Despite the fact that such retailers typically do well in periods of economic uncertainty, the shares are down by 28% year-to-date. Target Corporation (NYSE:TGT) has struggled due to falling sales and competition from larger retailers such as Walmart. Cramer's previous comments about the firm have remarked that it could be hurt by tariffs. Here are his latest thoughts: 'No there are issues with what's going to happen and it's another reason, uh and I'm a small business champion, but another reason to buy Amazon. Because Amazon has, they have scale. Walmart has scale. When you talk to Amazon they say listen, we got, Walmart's coming on. Overall, TGT ranks 2nd on our list of stocks that Jim Cramer recently discussed. While we acknowledge the potential of TGT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than TGT but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
