Mike Scinto

The November Employment report published by the ADP showed stable job growth across all segments of the private sector, continuing the recent trend of a tightening labor market.

Analysts are calling for an additional 190,000 to 250,000 nonfarm positions with the unemployment rate currently at 3.7%. Once again, there is the expectation for moderate but not significant wage growth. With Fed chair Powell’s recent comments that interest rates were nearing a ‘neutral level,’ the wage growth number remains key. Read More

After the Federal Open Market Committee’s (FOMC) November meeting concludes tomorrow, investors will have a better idea of the Fed’s take on the current economy. Little is expected to change in this policy statement as Fed officials wish to stay out of the markets’ forefront. Read More

Signaling strong job market breadth following the recent hurricanes, ADP reported an increase of 227,000 jobs in the private sector for October surpassing the expected 189,000.

Large companies (500+ employees) accounted for the largest share of additions with 102,000 new jobs while small businesses lagged behind creating only 29,000.Read More

E-Mini S&P 500 Futures (ES) may be approaching a major level of support.

On a daily chart looking back to the start of 2016, these volatile sell offs do not appear as intense as they seem in the moment. Viewing historical price activity helps to gain a greater perspective of the strong uptrend the markets have been in.Read More

Signs of further tightening in the labor market and an additional drop in the jobless rate to 3.8% are both expectations for the upcoming September employment report.Read More

The Federal Reserve will conclude their monthly meeting tomorrow with a decision on how to proceed with interest rates.Read More

Once again, wage growth will be the primary focus for many investors attempting to gauge inflation. Some metrics are showing wage growth lagging behind the CPI growth rate, causing concern for consumers in the future. With how tight the labor market appears, many believe it is only a matter of time until wage growth catches up. Read More

With ADP reporting an increase of 219,000 new jobs in July, it’s a safe bet the official government number will also be strong. Read More

With March and April’s lackluster growth being partially attributed to bad weather, a stronger performance in May was not a surprise. June’s report will indicate a potential trend of stable job growth or signal that May’s strong number was more of an isolated recovery from prior months.
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