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It would not take many factors to push growth down to zero or even below. Several things have happened in the past month that should lead to the conclusion that the U.S. economy is not growing.
Weekly jobless claims posted a serious jump in the week ending May 7, bringing the figure closer to that old 300,000 weekly norm.
Friday's key payrolls report is one of the biggest reports watched by traders, investors and economic watchers. The news on the jobs front has remained solid so far.
If there is one economic report that is used each month as a barometer for the direction of the payrolls and unemployment report from the U.S. Department of Labor, it is the ADP payrolls report.
The Bureau of Labor Statistics showed that weekly jobless claims came in at 257,000 for the week of April 23.
The U.S. Department of Labor has delivered another round of weekly jobless claims, and the numbers were much better than expected.
The unemployment rate in March in California was more than 5%. Because the state's labor force is so large, that was more than a million people out of work.
Currently, jobless claims are holding at record lows, indicating a lack of layoffs and ongoing strength for the nation's labor market.
Investors should remember that election cycle hyperbole and rhetoric is nothing new, and this could just be more of the same.
The Bureau of Labor Statistics reported that March nonfarm payrolls rose by 215,000 and the unemployment rate ticked up to 5.0%.
Investors should wonder if Federal Reserve Chair Janet Yellen tipped her hand that the markets might need to brace for a weak or soft payrolls report on Friday.
The U.S. Department of Labor issued its last official labor number on Thursday before Friday's key unemployment and payrolls report.
According to Challenger, Gray & Christmas, layoffs in March were nearly 22% lower than in February, but nearly 32% higher than a year ago.
ADP released its National Employment Report, showing that the private sector employment increased by 200,000 jobs in March.
ThinkstockAs unemployment dropped to 4.9% in February, three states had unemployment rates of under 3%. They were New Hampshire at 2.7%, South Dakota at 2.7%, and North Dakota at 2.9%. Many...