TOKYO, April 2- Asian shares edged up in early trade on Thursday, but gains were tempered by weak U.S. private sector employment and manufacturing data that raised concerns ahead of Friday's key employment figures. MSCI's broadest index of Asia-Pacific shares outside Japan was up about 0.2 percent in cautious trade, shrugging off modest overnight losses on...» Read More
Employers appear ready to start the new year with steady hiring plans.
This morning the U.S. Labor Department released its November jobs report. The data showed a bigger jump in payrolls, a slight increase in unemployment and tamer than expected wage inflation. So what will the Fed do with this information? They meet next week. CNBC’s Mark Haines explored the possibilities with Stephen Gallagher – the Chief U.S. Economist at Societe Generale and David Greenlaw – the Chief U.S. Economist at Morgan Stanley on “Morning Call.”
The U.S. jobs numbers are out -- 132,000 new jobs – unemployment rate is 4.5% - and average hourly earnings are up 0.2%. On this morning's "Squawk Box," Mark Zandi, Chief Economist at Moody’s.com, along with CNBC’s Ron Insana and Steve Liesman sifted through all the data and weighed in on what it means.
There's late word from CNBC's Mike Huckman. He reported in "Closing Bell' that the FDA stent conference came out in support of drug-coated stents. There had been concerns the drug-coated stents caused blood clots--and the metal stents did not. But the FDA says the proof is inconclusive.
Most people link poverty with the inner city--but that's no longer the case. A newly released study from The Brookings Institution found suburban poor out numbered their city counterparts for the first time. On “Street Signs” CNBC’s Erin Burnett spoke with study co-author, Alan Berube about his report--Two Steps Back: City and Suburban Poverty Trends.
The markets are more than likely gearing up for the most anticipated piece of economic data this week--that's the U.S. jobs report for November. It comes out Friday. CNBC's Steve Liesman gave a preview on "Power Lunch." Steve said the Dow Jones Survey of Economists sees job growth of 110,000 for November.
The number of newly laid off workers filing claims for unemployment benefits dropped last week by the largest amount in six months, relieving worries about a big jump in claims in the previous week.
The U.S. ADP November Jobs Report came out this morning. It suggests employment rose by 158,000 in November– that’s private employment. This is an increase from the 58,000 back in October. On this morning’s "Squawk Box", CNBC’s Senior Economics reporter, Steve Liesman sifted through the data with John Silvia--Chief Economist at Wachovia.
In the markets right now, stocks are modestly higher-- after a U.S. Labor Department report showed wages and benefits increasing at a much slower pace in the 3Q than previously expected. That eases inflation worries. Maria Bartiromo talked about the economic outlook with James Paulsen, Chief Investment Strategist at Wells Capital Management and Sam Stovall, Chief Investment Strategist at Standard & Poor's.
Germany's unemployment rate dropped to 9.6 percent in November as the number of people out of work fell below 4 million for the first time in more than four years, government figures showed Thursday.