Latest news with #StephanieRoth
Bloomberg
9 hours ago
- Business
- Bloomberg
Bloomberg Surveillance TV: June 6, 2025
- Jeffrey Rosenberg, Portfolio Manager: Systematic Multi-Strategy Fund at BlackRock - Stephanie Roth, Chief Economist at Wolfe Research - Dan Ives, Global Head of Technology at Wedbush Securities - Ed Mills, Washington Policy Analyst with Raymond James Dan Ives, Global Head of Technology at Wedbush Securities, discusses the feud between Elon Musk and President Trump and how it's affecting Tesla stock, Musk's other companies, and his personal wealth. Jeffrey Rosenberg, Portfolio Manager: Systematic Multi-Strategy Fund at BlackRock and Stephanie Roth, Chief Economist at Wolfe Research offer their analysis of May nonfarm payrolls data and discuss the outlook for the labor market. Ed Mills, Washington Policy Analyst with Raymond James, discusses President Trump's agenda and his public feud with Elon Musk.
Yahoo
3 days ago
- Business
- Yahoo
US job openings rise to 7.39 million in April: JOLTS data
The Job Openings and Labor Turnover Survey (JOLTS) saw 7.39 million job openings in the month of April, above original estimates of 7.1 million. Catalysts host Madison Mills and her guest host, Wolfe Research Chief Economist Stephanie Roth, to examine the backward-looking labor data print. This data comes out ahead of the May jobs report due out this Friday, June 6. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. The job openings labour turnover survey coming out right now coming in a touch hot. The survey indicating 7.1 million open jobs coming in just above that at 7.39 million here. So that is a be again of that estimate here. Uh, the prior month revised to 7.2 million. That's a revision upward for job openings. Also the job opening rate coming in at 4.4% versus the prior month of 4.3%. Also interesting to look at the quits rate an indication of maybe how stable the broader market is coming in at 2% versus the prior 2.1%, so just a tick lower 1.786 million workers fired or laid off. That is also a tick up. So let's break down all of the data I just talked through with you, Stephanie. Talk to me about how you read this latest jolts. Yeah, so when I'm looking at this report, I pay most attention to the quits rate, and then. And the layoffs rate as well. The openings rates are it's important to pay attention to, but that can be, that can be a little bit more flimsy of a measure. It's easy to post a, uh, a job opening, but a quit is something that's tangible. If you really feel good about your job, you're more likely to quit and, and you're likely to stay put if you're, you're concerned about the outlook to some extent. So we did get the moves are very modest. We got a modest takedown in in in the quits rate, which just signals at the margin of cooling off economy also important to notice this. In April print. This is a slightly backward looking report compared to what we're gonna get on Friday, which is a May release. So we already got the the signals of the labour market for the month of April and it was still kind of fine. The layoffs tick up is something to keep an eye on, but it's still fairly low. But this is something that we're going to be watching closely and to the extent that claims did tick up a little bit most recently, this is gonna gonna be an important thing to keep an eye on. And and to what degree does some of the data that you're seeing here. Feed into the non-farm payrolls print later this week. Yeah, I mean this is an entirely different survey, so it's important to to keep an eye on the fact that this is, is very, you know, very much an independent measure of the labour market. It's not seen as as important of a release again, like I mentioned, it's slightly backward looking, but it's, it, it philtres into the overall mosaic of the labour market and it just tells you that so far the labour market seems to be OK. We're not seeing any dramatic, uh, moves in either direction. Cases will start to see a gradual slowing throughout the course of this year of payroll's growth that we're gonna get a slowing below 100,000, which is an important indication and this is gonna be driven largely because of immigration slowing down rather than a real cooling of the of the economy.
Yahoo
3 days ago
- Business
- Yahoo
Job openings rise more than expected in April despite tariff escalation
Job openings unexpectedly rose in the first month that a wide swath of President Trump's tariffs went into effect. After hovering near a four-year low in March, new data from the Bureau of Labor Statistics showed 7.39 million jobs open at the end of April, an increase from the 7.2 million seen the month prior. The data comes as investors closely watch for signs that economic growth may be slowing further. The March figure was revised higher from the 7.19 million open jobs initially reported. Economists surveyed by Bloomberg had expected Tuesday's report to show 7.1 million openings in April. The April survey included data from the period immediately following Trump's announcement of steep reciprocal tariffs for a host of countries. Those were put on a 90-day pause on April 9, with 10% baseline tariffs remaining in effect. The data doesn't include any reaction to the US-China tariff pause in May. The Job Openings and Labor Turnover Survey (JOLTS) also showed that 5.57 million hires were made during the month, up slightly from the 5.4 million made during March. The hiring rate ticked up to 3.5% from 3.4%. In one sign that workers may be getting more cautious about labor market conditions, the quits rate, a sign of confidence among workers, moved down slightly to 2% from 2.1% in March. Both the hiring and quits rates are hovering near decade lows, reflecting what economists have described as a labor market in "stasis." Wolfe Research chief economist Stephanie Roth told Yahoo Finance that the slight tick down in quits in April shows "at the margin, a cooling off economy." The latest JOLTs data comes as market participants continue to closely watch economic data for any signs that Trump's tariff escalation is weighing on growth data. In April, tariffs appeared to have minimal impact on the headline labor market numbers as the US economy added 177,000 nonfarm payrolls while the unemployment rate held flat at 4.2%. Economists don't expect Friday's May jobs report to show significant signs of cooling either. Consensus expects a modest higher slowdown with nonfarm payroll additions projected to fall to 130,000 in May while the unemployment rate once again held flat at 4.2%. Josh Schafer is a reporter for Yahoo Finance. Follow him on X @_joshschafer.
Yahoo
3 days ago
- Business
- Yahoo
US job openings rise to 7.39 million in April: JOLTS data
The Job Openings and Labor Turnover Survey (JOLTS) saw 7.39 million job openings in the month of April, above original estimates of 7.1 million. Catalysts host Madison Mills and her guest host, Wolfe Research Chief Economist Stephanie Roth, to examine the backward-looking labor data print. This data comes out ahead of the May jobs report due out this Friday, June 6. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Fed's 2% inflation goal is 'just not the reality' this year
April's Consumer Price Index (CPI) report came in softer than expected, with services still showing signs of weakness and tariff impacts yet to fully hit. According to the Bureau of Labor Statistics, consumer prices rose by 2.3% in April compared to the same month last year. This marks a slight decline from March's 2.4% increase and came in just under the 2.4% growth economists had anticipated. Wolfe Research chief economist Stephanie Roth joins Morning Brief to explain how tariffs could start showing up in prices over the next few months, and what that means for Federal Reserve interest rate cuts. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
