Latest news with #USBureauofLaborStatistics
Yahoo
a day ago
- Business
- Yahoo
Private vs. govt. jobs: Where the ADP and BLS data diverge
The US Bureau of Labor Statistics (BLS) is set to release the May jobs report this Friday, June 6. Ahead of that prominent data point, ADP published May's private sector jobs numbers, which significantly fell below estimates (37,000 vs. forecasts of 114,000). Yahoo Finance host Julie Hyman comes on Asking for a Trend to highlight where and by how much private sector numbers diverge from government jobs, or non-farm payrolls, data. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend 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
3 days ago
- Business
- Yahoo
Stock futures, US-China tensions, May jobs report: 3 Things
US stock futures (ES=F, NQ=F, YM=F) dip in Monday's pre-market session after the S&P 500 (^GSPC) closed out its best May trading month since 1990. China has snapped back on President Trump's claims that the nation has violated its trade agreement with the US, now alleging the United States is in violation of its trade truce. The US Bureau of Labor Statistics (BLS) is due to release the May jobs report this Friday, June 6. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. First up, US stocks kicking off the month in the red. The week starts the month, coming after the S&P 500 closed out its best May since 1990. Of course, that coming amid strong tech earnings on Wall Street and an easing in trade tensions. But for investors wondering how June typically performs, it's not so good. Data going back to 2000 show that June is historically the third worst performing month for the S&P 500. Plus, US-China trade tensions are heating up. Over the weekend, China responded to President Trump's claims that China has violated its agreement with the US. China now says the US has violated its trade truce and is vowing to respond in kind. And sticking with trade and tariffs, steel and aluminum stocks are on the move this morning. President Trump says he's doubling levies on the metals. That's right. Investors are also looking ahead to big economic data this week. The May payrolls report is expected to show that 125,000 jobs were added last month. That is well below the 177,000 jobs that were added in the month of April. Markets will be watching closely for any signs that the labor market is worsening due to tariffs and broader uncertainty around trade policy. 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
3 days ago
- Business
- Yahoo
Stock futures, US-China tensions, May jobs report: 3 Things
US stock futures (ES=F, NQ=F, YM=F) dip in Monday's pre-market session after the S&P 500 (^GSPC) closed out its best May trading month since 1990. China has snapped back on President Trump's claims that the nation has violated its trade agreement with the US, now alleging the United States is in violation of its trade truce. The US Bureau of Labor Statistics (BLS) is due to release the May jobs report this Friday, June 6. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
India Today
13-05-2025
- Business
- India Today
Trump's ‘egg price' claim turns real as prices drop across US
President Donald Trump's claims about dropping egg prices might not have been completely misleading. The Consumer Price Index (CPI) report, published by the US Bureau of Labor Statistics showed a massive 12.7 per cent decline in egg prices in April, the sharpest monthly drop since average price for a dozen Grade A eggs fell to USD 5.12, down from March's record high of USD 6.23. This marked the first month-to-month decline in egg prices since October this month, the US President said that gas and grocery prices are falling. Reacting to the egg prices last month, Trump said, 'You can have all the eggs you want. We have too many eggs. In fact, if anything, the prices are getting too low. So I just want to let you know that the prices are down.' The latest CPI report comes after five consecutive months of soaring egg prices, driven by a severe avian flu outbreak that forced the mass culling of egg-laying hens. While April brought some relief, egg prices remain well above pre-outbreak levels. In April, a dozen large eggs still cost 79 per cent more than the same time last year, when they averaged USD recent decrease in egg prices comes amid easing pressures from avian influenza, which has devastated egg-laying flocks since early 2022, killing over 169 million birds. Outbreaks have declined from 59 in February to just three in April, allowing some stability in the egg L. Ortega, a food economics professor at Michigan State University, expects prices to continue falling through May and June due to seasonal declines in demand post-Easter and fewer bird flu risks remain. Even a single outbreak at a large-scale facility, such as those in Ohio and South Dakota last month that impacted over 927,000 hens, can disrupt supply. Rebuilding flocks is a lengthy process, taking up to a response to the crisis, the US government has taken several steps. The USDA announced a USD 1 billion investment in February to boost farm biosecurity. Egg imports have also surged, rising 77.5 per cent in the first quarter compared to the same period last year, with supplies coming from countries like South Korea, Brazil, and the Department of Justice is investigating Cal-Maine Foods—the nation's largest egg producer, which accounts for 20 per cent of the US market—over potential antitrust issues. The company, based in Ridgeland, Mississippi, reported a tripling of its net income to USD 508.5 million in the quarter ending March 1.(With input from the Associated Press)
Hindustan Times
13-05-2025
- Business
- Hindustan Times
Donald Trump wasn't entirely lying about egg prices. CPI report shows massive drop
President Donald Trump's claims about dropping egg prices might not have been completely misleading. The Consumer Price Index (CPI) report published by the US Bureau of Labor Statistics showed a massive decline in egg prices in April, at a whopping 12.7%. This is the biggest monthly decline since 1984. Not just April, egg prices continue to fall this month, too. The USDA recently reported that a dozen large white-shell eggs now cost $3.30 on average, down by 69 cents a fortnight ago. The CPI report comes after five months of a surge in egg prices, because of the avian flu epidemic that necessitated the mass killing of hens. However, egg prices are still higher now than before the flu outbreak. But experts believe the worst of 'EggGate' has passed. Read More: April CPI report: What's exactly in the latest inflation report - explaining key numbers 'Maybe the worst of EggGate has passed,' Tyler Schipper, associate professor in economics and data analysis at the University of St Thomas in St. Paul, told CNN. Only earlier this month, Trump claimed that grocery and gas prices are falling. "We're only in a TRANSITION STAGE, just getting started!!!" he posted on Truth Social. Back then, economists told ABC News that his claims were misleading. Last month, the president reacted to egg prices while speaking at a presser after Dr Mehmet Oz was sworn in as the administrator of the Centers for Medicare and Medicaid Services. 'You can have all the eggs you want. We have too many eggs. In fact, if anything, the prices are getting too low. So I just want to let you know that the prices are down,' Trump said. Bird flu has killed more than 169 million birds since early 2022. Any time a bird gets sick, the entire flock is killed to help keep bird flu from spreading. Once a flock is slaughtered, it can take as long as a year to clean a farm and raise new birds to egg-laying age. (With AP inputs)
