[Tree] Small business job market challenges and economic outlook

Version 0.52 (2024-09-10 19:35:11.478000)

updates: Incorporated NFIB report on job market challenges

Version 0.51 (2024-09-05 15:36:12.582000)

updates: US services sector expands in August after June contraction

Version 0.5 (2024-07-16 22:57:26.648000)

updates: Integration of Project Stress Index information

Version 0.49 (2024-07-04 07:53:44.833000)

updates: The ISM report highlights declining economic activity in the US services sector and ongoing concerns about inflationary pressures

Version 0.48 (2024-07-04 03:57:48.805000)

updates: The Institute for Supply Management reports a contraction in the services sector and lower business activity

Version 0.47 (2024-07-03 19:53:56.947000)

updates: The U.S. services sector contracted in June for the second time in the last three months, indicating a slowdown in the economy. The Services Purchasing Managers' Index (PMI) registered 48.8 percent, 5 percentage points lower than the May reading. This is a reversal compared to May and the second contraction in the last three months. The New Orders Index decreased by 6.8 percentage points compared to May, and the Employment Index contracted for the sixth time in seven months. Steve Miller, chair of the ISM Services Business Survey Committee, noted that the decrease in the composite index is a result of notably lower business activity, a contraction in new orders for the second time since May 2020, and continued contraction in employment. Some commodities have significantly higher costs, although inflation is easing.

Version 0.46 (2024-07-03 15:54:40.936000)

updates: US services sector contracts in June, new orders sink

Version 0.45 (2024-07-03 14:58:15.817000)

updates: US service sector contracts in June as orders sink

Version 0.44 (2024-07-03 14:56:25.224000)

updates: US services sector contracts in June, indicating potential growth slowdown

Version 0.43 (2024-07-03 12:57:28.864000)

updates: ADP private payrolls rose by 150,000 in June, below expectations

Version 0.42 (2024-07-01 18:56:09.204000)

updates: Updated information on US manufacturing and construction numbers

Version 0.41 (2024-07-01 15:53:48.199000)

updates: Includes information on US manufacturing and construction numbers, highlighting the dependency on services

Version 0.4 (2024-07-01 13:54:33.378000)

updates: US PMI Manufacturing inches up less than expected in June

Version 0.39 (2024-06-24 01:53:45.943000)

updates: The US private sector activity in June exceeded estimates, Fed likely to maintain high-for-longer rate stance

Version 0.38 (2024-06-21 14:55:41.390000)

updates: US private sector activity exceeds estimates, highest level in 2 years

Version 0.37 (2024-06-05 20:54:09.314000)

updates: Revised with additional details on the rebound in the services sector and the slowdown in private payrolls growth

Version 0.36 (2024-06-05 18:55:38.255000)

updates: Updates on the rebound of the US services sector and the slowdown in private payrolls growth

Version 0.35 (2024-06-05 13:56:11.789000)

updates: Private sector hiring in the US cooled further in May according to ADP data

Version 0.34 (2024-06-05 13:55:15.374000)

updates: Private sector hiring in the US cooled in May according to ADP data

Version 0.33 (2024-05-01 13:59:35.648000)

updates: Private sector job growth higher than expected in April

Version 0.32 (2024-04-28 22:51:37.956000)

updates: Incorporated reasons for job market growth, including COVID recovery, rise in labor force participation rate, healthy economy, federal spending, reduction in international trade balance, and influx of immigrants

Version 0.31 (2024-04-19 13:23:48.695000)

updates: Integration of factors contributing to job market growth

Version 0.3 (2024-04-17 13:19:06.544000)

updates: Government hiring plays a significant role in job market recovery

Version 0.29 (2024-04-09 13:22:35.599000)

updates: Incorporated information about hiring growth for small businesses in March

Version 0.28 (2024-04-03 13:21:21.841000)

updates: Private sector employment in the US increased by 184,000 jobs in March, surpassing economists' forecast of 148,000 jobs. This marks the largest increase in hiring since July and is led by the leisure and hospitality sector. Job gains were strong across industries except for professional services. Year-over-year pay gains for job-stayers remained flat at 5.1%, while gains for job-changers rose to 10%. The ADP numbers serve as a precursor to the non-farm payrolls report, which is expected to show that the US economy added 205,000 jobs in March. The unemployment rate is forecast to remain unchanged at 3.9% and annual wage growth is expected to slow to 4.1% from 4.3% in February [fd2efc7e].

Version 0.27 (2024-04-03 13:20:09.783000)

updates: Private sector hiring surpasses expectations, Biden administration's economic record, additional job sectors mentioned, impact on financial markets

Version 0.26 (2024-04-03 13:18:25.934000)

updates: The ADP report reveals higher job growth in March than previously reported

Version 0.25 (2024-04-03 13:18:08.376000)

updates: Incorporated additional information on US job market and company job additions in March

Version 0.24 (2024-04-03 08:21:58.381000)

updates: ADP Employment Report shows US private sector added 148K new jobs in March

Version 0.23 (2024-04-03 08:17:52.290000)

updates: Added information about the forecasted job growth in the March employment report

Version 0.22 (2024-04-03 04:17:50.881000)

updates: None

Version 0.21 (2024-04-02 16:18:52.221000)

updates: US Manufacturing Sector Grows for First Time in 1.5 Years, Dollar Reaches Highest Level Since November

Version 0.2 (2024-04-02 04:18:55.338000)

updates: Discussion of US data raising questions about rate cuts

Version 0.19 (2024-04-01 21:18:24.991000)

updates: Discussion of US data raising questions about rate cuts

Version 0.18 (2024-03-29 13:22:37.158000)

updates: Federal Reserve Governor Waller's stance on interest rates

Version 0.17 (2024-03-29 01:20:46.582000)

updates: Federal Reserve Governor Waller sees no rush to cut interest rates, US Treasury yields rise

Version 0.16 (2024-03-28 15:23:25.333000)

updates: Wall Street edges higher ahead of Easter break, Fed policy path in focus

Version 0.15 (2024-03-28 11:17:40.996000)

updates: Federal Reserve's patient approach on interest rates, dollar strengthens

Version 0.14 (2024-03-28 10:19:44.121000)

updates: Federal Reserve's patient approach on interest rates, dollar strengthens

Version 0.13 (2024-03-28 02:19:54.709000)

updates: Federal Reserve's plan on interest rates, S&P 500 performance, cyber incident reporting rules, mortgage applications, Bank of England's warning on asset prices, cocoa costs, crude-oil inventories, Bitcoin price, eurozone economy, Chinese stocks' performance

Version 0.12 (2024-03-27 05:19:55.114000)

updates: Global stock markets mostly rise as US data comforts rate outlook

Version 0.11 (2024-03-26 05:18:09.801000)

updates: Updates on financial services news and Fed rate outlook

Version 0.1 (2024-03-26 04:19:04.031000)

updates: Stock market volatility expected as investors assess Fed comments and await inflation data

Version 0.09 (2024-03-26 03:21:50.970000)

updates: Added information about the expected volatility in the stock market due to economic data testing the Federal Reserve's rate cut resolution

Version 0.08 (2024-03-25 19:23:20.304000)

updates: Updates on Wall Street, US data, dollar, yen, yuan

Version 0.07 (2024-03-25 18:20:01.572000)

updates: Updates on Wall Street, US economic data, and geopolitical tensions

Version 0.06 (2024-03-25 14:21:45.585000)

updates: Stock markets drop due to geopolitical tensions and inflation concerns

Version 0.05 (2024-03-25 11:18:10.885000)

updates: European stocks drifting lower, outlook for interest rates and inflation, currency forecasts, oil and metals prices, company updates, geopolitical concerns

Version 0.04 (2024-03-22 11:22:10.550000)

updates: Updates on European stock market, central bank rate cuts, commodity prices, and geopolitical tensions

Version 0.03 (2024-03-19 16:19:48.058000)

updates: Addition of information from CQS New City High Yield Fund Limited's monthly fact sheet

Version 0.02 (2024-03-07 11:17:22.869000)

updates: Updates on stock market performance and economic outlook in February

Version 0.01 (2023-12-06 16:41:37.934000)

updates: Positive market sentiment, increased investment in equities and gold

Version 0.0 (2023-12-01 01:37:16.466000)

updates: