Page 1 of 2 12 LastLast
Results 1 to 12 of 19

Thread: March Jobs Report -701,000

  1. #1

    Default March Jobs Report -701,000

    US payrolls drop 701,000 in March, the first jobs decline since 2010

    Nonfarm payrolls dropped by 701,000 in March, according to Labor Department numbers released Friday that begin to show the economic damage wrought by the coronavirus crisis.

    It was the first decline in payrolls since September 2010.

    The unemployment rate rose to 4.4% as employers just began to cut payrolls ahead of social distancing practices that shut down large swaths of the U.S. economy in order to stop the virusís spread.


  2.  
  3. #2

    Default Re: March Jobs Report -701,000

    Amazingly, the futures improved after the report.

  4.  
  5. #3

    Join Date
    Sep 2006
    Location
    Rocky Mountain High
    Posts
    6,731

    Default Re: March Jobs Report -701,000

    And the futures rallied, briefly.

    Quote Originally Posted by tsptalk View Post
    US payrolls drop 701,000 in March, the first jobs decline since 2010
    Weatherweenie's Account Talk
    Expected retirement date: November 2023

  6.  
  7. #4

    Default Re: March Jobs Report -701,000

    Sounds like the worst case scenario may already be priced in.

  8.  
  9. #5

    Join Date
    Sep 2006
    Location
    Rocky Mountain High
    Posts
    6,731

    Default Re: March Jobs Report -701,000

    Or a sucker rally? Not sure if we have seen the worst.

    Quote Originally Posted by tsptalk View Post
    Sounds like the worst case scenario may already be priced in.
    Weatherweenie's Account Talk
    Expected retirement date: November 2023

  10.  
  11. #6

    Default Re: March Jobs Report -701,000

    Isn't 700k pretty low considering there were 10 million new unemployment claims the past 2 weeks?
    Check out the TSP Poker Club stats: https://goo.gl/cUv6Yj
    Come join the fun: http://www.tsptalk.com/mb/the-lounge...oker-club.html

  12.  
  13. #7

    Default Re: March Jobs Report -701,000

    Quote Originally Posted by k0nkuzh0n View Post
    Isn't 700k pretty low considering there were 10 million new unemployment claims the past 2 weeks?
    I thought the same thing.

  14.  
  15. #8

    Join Date
    Sep 2006
    Location
    Rocky Mountain High
    Posts
    6,731

    Default Re: March Jobs Report -701,000

    Both use the week up to the 12th of the month for sampling, which in this case was before the worst of the job losses began.

    Quote Originally Posted by k0nkuzh0n View Post
    Isn't 700k pretty low considering there were 10 million new unemployment claims the past 2 weeks?
    Weatherweenie's Account Talk
    Expected retirement date: November 2023

  16.  
  17. #9

    Default Re: March Jobs Report -701,000

    Quote Originally Posted by weatherweenie View Post
    Both use the week up to the 12th of the month for sampling, which in this case was before the worst of the job losses began.
    Thanks for that info. So then based on that April's numbers could be much worse? Just saying if it doesn't include the whole month of March.


  18.  
  19. #10

    Join Date
    Sep 2006
    Location
    Rocky Mountain High
    Posts
    6,731

    Default Re: March Jobs Report -701,000

    The governmentís survey of establishments painted a grim picture of the U.S. employment situation through early March, but its poll of households was far worse.

    The household survey, which asks individual residents how many people are working there, showed a stunning drop of 2,987,000 workers for the month.

  20.  
  21. #11

    Join Date
    Jun 2004
    Location
    In Your Imagination...
    Posts
    4,300

    Default Re: March Jobs Report -701,000

    Quote Originally Posted by tsptalk View Post
    Sounds like the worst case scenario may already be priced in.
    I think you're right. At least for this week, or so.
    "Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7

  22.  
  23. #12

    Default Re: March Jobs Report -701,000

    They're still calling for double digit unemployment rate numbers before long so yeah, ww is right about it lagging. Of course by the time we see a 10% or 15% unemployment rate in the report in April or May (May / June releases), the market may have had that all priced in, and stocks could be climbing already. Especially if the virus numbers stabilize in the interim.

    At this point, as far s the stock market goes, it's more about the technicals working out the expectations - testing the low, relief rallies, etc.

    It will be interesting to see how the market reacts to the earnings reports in the coming weeks. The 1st quarter wasn't impacted until into March so the numbers may not be horrible, but the question is whether their negative guidance going forward is fully priced in.

  24.  
Page 1 of 2 12 LastLast

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
SPY (C Fund) (delayed)
March Jobs Report -701,000
(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)
March Jobs Report -701,000
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
March Jobs Report -701,000
(Stockcharts.com Real-time)
BND (F Fund) (delayed)
March Jobs Report -701,000
(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes