Economic Data

    If You Thought Last Week’s Jobless Claims Were Bad…

    Thursday, April 2, 2020 Last week brought forth an unprecedented number of Initial Jobless Claims in the U.S. for a one-week period: 3.28 million. This was up drastically from the historically low 220K-225K range we’d been enjoying the past several years

    No Foolin’: ADP Report Better than Expected

    Wednesday, April 1, 2020 Following an historically sharp sell-off a couple weeks ago in the stock market — spurred by stay-at-home orders by local and state governments to combat the COVID-19 coronavirus pandemic and the subsequent drain on the day-to-day economy — job layoffs took the U.S. from a long-term robust position in its labor market to something much, much worse. Just how much worse has yet to be determined

    ADP Report Better than Expected

    Following an historically sharp sell-off a couple weeks ago in the stock market — spurred by stay-at-home orders by local and state governments to combat the COVID-19 coronavirus pandemic and the subsequent drain on the day-to-day economy — job layoffs took the U.S. from a long-term robust position in its labor market to something much, much worse. Just how much worse has yet to be determined.

    Pent-Up Demand Powers Chinese PMI

    Tuesday, March 31, 2020 Following record-low prints on both Manufacturing and Non-Manufacturing Purchasing Managers Index (PMI) numbers in China for February, these figures have bounced back in a big way for March. Manufacturing PMI reached 52.0 and Non-Manufacturing came in at 52.3, well up from the 35.7 and 29.6, respectively, in the previous month. (A read of 50 is the midpoint between expansion and contraction.) This represents some good news, not only for the global economy but for those of us elsewhere in the world still awaiting peak coronavirus contagion and an economic recovery beyond it

    Chinese PMI Powered by Pent-Up Demand

    Following record-low prints on both Manufacturing and Non-Manufacturing Purchasing Managers Index (PMI) numbers in China for February, these figures have bounced back in a big way for March. Manufacturing PMI reached 52.0 and Non-Manufacturing came in at 52.3, well up from the 35.7 and 29.6, respectively, in the previous month. (A read of 50 is the midpoint between expansion and contraction.) This represents some good news, not only for the global economy but for those of us elsewhere in the world still awaiting peak coronavirus contagion and an economic recovery beyond it

    Government Combats Coronavirus, Big Data Week

    Monday, March 30, 2020 Over the weekend, a major change on a national level to deal with the COVID-19 coronavirus pandemic has at last been enacted: a stay-at-home order through April 30. This is expected to keep social distancing in place, which has been proven effective in limiting the spread of the disease, so as to keep from overwhelming hospitals charged with treating patients with coronavirus.

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    Shell (RDS.A) Resumes Work at Prelude Floating LNG Facility

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