US Jobs Machine Continues To Hum

US Jobs Machine Continues To Hum

The Numbers: The U.S. added 263,000 new hires in April, easily beating Wall Street expectations of 190,000. The unemployment rate fell to 3.6% vs. 3.8% expected and the lowest since December 1969. More:  The U.S. jobs machine kept humming along in April, adding a...
First Quarter GDP Grew 3.2%

First Quarter GDP Grew 3.2%

The lede:   Reports of the demise of the U.S. economy proved unfounded as first-quarter activity showed surprising strength. The U.S. economy expanded at a 3.2% annual pace in the first three months of 2019, the government said Friday. The gain was well above...
GDP And The S&P 500 Index

GDP And The S&P 500 Index

More great stats from the desk of Ryan Detrick.  The skinny: Year over year Q4 GDP growth was up 3.1% in 2018. Looking at all the other times it was up better than 3% (since 1980), the following year saw the S&P 500 higher 13 of the past 14 times. Hat tip Ryan...
GDP Surprises Analysts

GDP Surprises Analysts

The lede, from MarketWatch.com:    GDP Surprise Chalked Up To Unexpected Consumer Spending During Shutdown, Research and Development Growth. More:    “At a 2.6% gain, fourth quarter GDP was a welcome upside surprise, and further cast doubt on the veracity of the weak...