The stock market

Santa Claus Rally? Is that the new, PC replacement for Fund Managers' "Dressing the Pig", which has been used in the past for the predictable December uptick...

Afraid so.

[URL unfurl="true"]https://finance.yahoo.com/news/december-jobs-report-headlines-first-week-of-2024-trading-what-to-know-151804663.html[/URL]

[URL unfurl="true"]https://finance.yahoo.com/news/9-economic-trends-to-watch-in-2024-185519805.html[/URL]

[URL unfurl="true"]https://www.cnn.com/markets/premarkets[/URL]

[URL unfurl="true"]https://finance.yahoo.com/news/stock-market-news-today-us-stocks-sink-to-start-new-year-as-apple-slips-121819056.html[/URL]

[URL unfurl="true"]https://finance.yahoo.com/news/december-jobs-report-headlines-first-week-of-2024-trading-what-to-know-151804663.html[/URL]

[URL unfurl="true"]https://finance.yahoo.com/news/stock-market-news-today-stocks-slip-bond-yields-rise-as-rate-cut-bets-cool-122011263.html[/URL]

[URL unfurl="true"]https://finance.yahoo.com/news/monthly-job-openings-hit-lowest-level-since-march-2021-151315003.html[/URL]

Job openings hit their lowest level since March 2021 in November, coming in lower than Wall Street expected and reflecting a continued cooling in the labor market to end 2023.

[URL unfurl="true"]https://finance.yahoo.com/news/us-chip-stocks-tumble-strongest-174140399.html[/URL]

Santa Claus Rally? Is that the new, PC replacement for Fund Managers' "Dressing the Pig", which has been used in the past for the predictable December uptick...

[URL unfurl="true"]https://finance.yahoo.com/news/why-santa-just-poured-cold-water-on-a-bullish-2024-110042811.html[/URL]

[URL unfurl="true"]https://finance.yahoo.com/news/stock-market-news-today-us-futures-tread-water-as-focus-turns-to-jobs-updates-124404156.html[/URL]

[URL unfurl="true"]https://finance.yahoo.com/news/walgreens-beats-q1-profit-estimates-120635897.html[/URL]

[URL unfurl="true"]https://finance.yahoo.com/news/walgreens-beats-q1-profit-estimates-120635897.html[/URL]

Boy, are those comments classic "Well, we F-d up by over expansion to the point that we can't find enough staff and/or customers to support stores on every other corner"???

[URL unfurl="true"]https://finance.yahoo.com/news/stock-market-news-today-us-futures-slide-as-december-jobs-report-comes-in-strong-134002216.html[/URL]

Boy, are those comments classic "Well, we F-d up by over expansion to the point that we can't find enough staff and/or customers to support stores on every other corner"???

Interesting comments, for sure.

[URL unfurl="true"]https://finance.yahoo.com/news/maersk-diverts-vessels-away-red-112127420.html[/URL]

[URL unfurl="true"]https://www.yahoo.com/finance/news/the-us-economy-added-27-million-jobs-in-2023-trouncing-expectations-how-did-the-experts-get-it-so-wrong-164325591.html[/URL]

[URL unfurl="true"]https://www.yahoo.com/finance/news/the-us-economy-added-27-million-jobs-in-2023-trouncing-expectations-how-did-the-experts-get-it-so-wrong-164325591.html[/URL]

[URL unfurl="true"]https://www.foxbusiness.com/economy/us-jobs-report-december-2023[/URL]

The report also contained sizable downward revisions to job growth during the previous two months. Gains for October and November were revised down by a total of 71,000 jobs to a respective 105,000 and 173,000, the government said, suggesting that the labor market is weaker than it previously appeared.

[SIZE=5]Job gains were mostly concentrated in a handful of sectors last month, with the biggest gains in government (52,000), leisure and hospitality (40,000) and health care (37,700).[/SIZE] Hiring in construction also trended upward.

Those gains helped to offset job losses in transportation and warehousing, the result of a steep drop in the number of couriers and messengers.

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[URL unfurl="true"]https://www.yahoo.com/finance/news/the-us-economy-added-27-million-jobs-in-2023-trouncing-expectations-how-did-the-experts-get-it-so-wrong-164325591.html[/URL]

[URL unfurl="true"]https://www.foxbusiness.com/economy/initial-us-employment-reports-overstated-jobs[/URL]

The government quietly erased 439,000 jobs through November 2023, a closer look at the numbers from the Bureau of Labor Statistics shows.

That means its initial jobs results were inflated by 439,000 positions, and the job market is not as healthy as the government suggests.

Again, the government sector in December ranked high in job creation. It created 52,000 jobs in the final month of 2023. As FOX Business's Edward Lawrence points out, that brings the three-month average of jobs created by the government sector to 50,000 per month. Lawrence says Acting Labor Secretary Julie Su "would not answer if this is sustainable when I pressed her."

Private sector job creation also was adjusted lower by 358,000 in that period, while government payrolls were revised by an increase of 52,000.

T[SIZE=5]he president, too, has been accused of taking too much credit for the job numbers. He claimed he created 13 million to 14 million jobs. But economists and market analysts have pointed out those were jobs the U.S. economy clawed back after pandemic shutdowns erased 22 million jobs. [/SIZE]
[SIZE=5]****[/SIZE]
[SIZE=5]In reality, the economy under President Biden "added back" all the jobs lost in the pandemic and has "created" 4.86 million jobs since February 2020. That’s a ho-hum result.[/SIZE]

As Edward Lawrence reports, the December jobs report shows 683,000 workers dropped out of the labor force. A record high 8.69 million people now hold multiple jobs to make ends meet. The economy lost 1.5 million full-time workers since June of last year, while adding 796,000 part-time workers.

[SIZE=5]That means more workers are holding down multiple jobs to pay for a higher cost of living due to a cumulative 17.4% inflation rate under this White House.[/SIZE]

[URL unfurl="true"]https://finance.yahoo.com/news/stock-market-news-today-nasdaq-surges-dow-lags-on-boeing-plunge-202304473.html[/URL]