Weekly Market Commentary for August 16th, 2021
The Job Openings and Labor Turnover Survey (JOLTS) exceeded expectations in June, adding 590k openings from the previous month, and is now at a record high of 10.073 million openings.
Weekly Market Commentary for August 9th, 2021
The ISM Manufacturing Index came in slightly higher than analysts’ forecasts with a reading of 63.4 versus expectations of 63.1 The ISM Services Index came in above economists’ forecasts with a reading of 64.1 versus expectations of 60.5. Nonfarm Payrolls increased by 943,000 jobs in July, well ahead of the expected increase of 845,000 jobs. The unemployment rate decreased from 5.9% to 5.4% in the month of July.