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Keyword: unexpected

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  • Experts surprised to find no evidence of COVID-19 spike from Wisconsin's in-person voting

    04/30/2020 1:10:51 PM PDT · by Tench_Coxe · 23 replies
    the Blaze ^ | 04/30/2020 | Leon Wolf
    As late as April 2, Gov. Tony Evers (D), backed by Biden, supported holding the election in person as Wisconsin law requires. However, on April 3, Evers changed his mind and asked for the legislature to quickly amend Wisconsin law to allow all voters to vote by mail. The Wisconsin Legislature, which is controlled by Republicans, refused to rush such a last-minute change into law, and thus the media was given a "Republicans are literally killing people" narrative.There's one major problem with that narrative: The in-person voting does not appear to have killed anyone. The state of Wisconsin could identify...
  • Governor Newsom: California’s COVID-19 peak may be lower than state expected

    04/11/2020 10:52:52 AM PDT · by Calif Conservative · 56 replies
    San Jose Mercury News ^ | 4-10-2020 | Kerry Crowley
    Governor Newsom: California’s COVID-19 peak may be lower than the state expected
  • A Surprising Finding on Paid Leave: ‘This Is Not the Way We Teach This’

    01/28/2020 7:05:45 AM PST · by karpov · 50 replies
    New York Times ^ | November 11, 2019 | Claire Cain Miller
    One of the biggest arguments for paid leave for new parents has been an economic one: Research has repeatedly shown that women with paid time off after childbirth are more likely to keep working. But a new study, the largest to be done in the United States, found the opposite. In California, which in 2004 became the first state to offer paid family leave, new mothers who took it that year ended up working less and earning less a decade later. They averaged $24,000 in cumulative lost wages, it found. “I could feel the air going out of the room...
  • Businessman and CEO Andy Puzder: Trump economy defies critics – 2019 another year of the 'experts' getting it all wrong

    01/04/2020 8:46:53 PM PST · by SeekAndFind · 11 replies
    Fox Business News ^ | 01/04/2020 | Andy Puzder
    The only thing that rivals President Trump’s tally of kept promises is the endless list of inaccurate predictions his critics have made about the U.S. economy.  Of course, we heard these apocryphal predictions even before Donald Trump won the 2016 election. For instance, in October 2016, the far-left publication Politico boldly declared that “Wall Street is set up for a major crash if Donald Trump shocks the world on Election Day and wins the White House.” The ability of Trump’s critics to predict our economic future hasn’t improved with age. Throughout 2019, numerous so-called “economists” and “experts” have taken a...
  • US manufacturing production rose more than expected in November

    12/17/2019 9:09:54 AM PST · by abb · 18 replies
    U.S. manufacturing output rebounded more than expected in November, as the end of an almost six-week strike at General Motors plants boosted auto production. The Federal Reserve said on Tuesday that manufacturing production rose 1.1% last month after a downwardly revised 0.7% fall in October. Industrial output also rose 1.1% in November after a downwardly revised drop of 0.9% in October. Excluding motor vehicles and parts, overall industrial production and manufacturing output in November rose 0.5% and 0.3% respectively. Economists polled by Reuters had forecast overall manufacturing output would rise 0.7% and industrial output would increase 0.8% in November. Production...
  • Cramer: Like or hate Trump, 'these are the best numbers of our lives' on jobs

    12/06/2019 5:42:14 PM PST · by Kid Shelleen · 20 replies
    CNBC ^ | 12/06/2019 | Matthew J. Belvedere
    CNBC's Jim Cramer said Friday no matter your view on President Donald Trump there's no denying we're living in the best labor market in more than a generation. "You can't contradict that these are the best numbers of our lives. You can't," Cramer, 64, said following the government report showing the U.S. economy created a better-than-expected 266,000 nonfarm jobs in November, with the unemployment rate dipping to 3.5%, matching a 50-year low. Economists had expected the jobless rate to hold steady at 3.6% last month. "People don't want to say good things" about the economy, said Cramer, echoing comments he...
  • President Trump's trade policy seems to have achieved the impossible

    12/06/2019 11:05:18 AM PST · by SpeedyInTexas · 27 replies
    USA Today via Yahoo News ^ | 12/05/2019 | Juscelino F. Colares
    <p>From Presidents Harry Truman to Donald Trump, the United States liberalized trade the most among developed countries. The average U.S. tariff on dutiable goods is 4.5%, with the average tariff on all goods sitting at below 2%. Meanwhile, U.S. goods face higher tariffs and many other barriers to entry abroad. Facebook still can’t operate in China, and U.S. tech giants face a “digital services” tax in France.</p>
  • How a Strong Job Market Has Proved the Experts Wrong

    12/06/2019 7:56:20 AM PST · by karpov · 22 replies
    New York Times ^ | Neil Irwin
    There are a lot of good things to say, and few bad things to say, about the November employment numbers that were published Friday morning. Employers added 266,000 jobs, a blockbuster number even after accounting for the one-time boost of about 41,000 striking General Motors workers who returned to the job. Revisions to previous months’ job counts were positive. The unemployment rate fell to 3.5 percent, matching its lowest level since 1969. Other numbers were less evocative of a boom time. The share of the adult population in the labor force ticked down, and average hourly earnings continued growing at...
  • Jobless Claims Plunge by 15,000 to 213,000 [unexpectedly]

    11/27/2019 7:04:13 AM PST · by Red Badger · 17 replies ^ | John Carney 27 Nov 2019
    Jobless claims unexpectedly plunged in the week ended November 23, indicating that the American labor market remains strong. Initial claims for state unemployment benefits fell by 15,000 to 213,000, the Labor Department said Wednesday. Economists had been looking for a smaller decline. The prior week’s claims were revised up by 1,000 to 228,000.

    11/18/2019 9:12:23 AM PST · by Enlightened1 · 248 replies
    Infowars ^ | 11/18/19
    Food tester was first rushed to hospital, and doctors believe there was exposure to time-delayed poison  An inside source says President Trump’s food taster became ill after ingesting an unnamed substance, which is why the president made a surprise hospital visit on Saturday.In an official statement, the White House said President Trump visited the Walter Reed Military Hospital in Bethesda, Maryland, for  a “quick exam and labs.”The hospital visit was not listed on the president’s public schedule, according to media outlets which indicated that the visit was not a routine physical exam.Additionally, the inside source said his food taster was rushed to the facility...
  • Trump’s Economy: 1.6 Million More Jobs Than The ‘Experts’ Predicted

    10/07/2019 8:59:15 AM PDT · by SeekAndFind · 10 replies
    Issues and Insights ^ | 10/07/2019 | John Merline
    The most surprising thing about the latest unemployment report isn’t that the rate dropped to the lowest level since December 1969. It’s that unemployment wasn’t supposed to get anywhere near that low under President Trump. At least, not if you believed mainstream Keynesian economists. The economy created 136,000 jobs in September, according to the Bureau of Labor Statistics survey of businesses. The separate household survey, which is used to track unemployment, showed that the number of unemployed dropped by 275,000. Not only did the job market pull 275,000 off the unemployment line last month, it pulled more than 100,000 who...
  • ADP-Moody's: U.S. added 135,000 jobs in September [WINNING!]

    10/02/2019 9:22:44 AM PDT · by Red Badger · 9 replies
    UPI ^ | Oct. 2, 2019 / 10:17 AM | By Clyde Hughes
    Oct. 2 (UPI) -- Private-sector hiring increased by approximately 135,000 jobs in September, beating projections but indicating a slowing in growth, a report by ADP Research in collaboration with Moody's Analytics said Wednesday. Analysts said the number and three-month average is down from this point last year, suggesting that U.S. job expansion is losing steam. The report comes ahead of employment figures that will be released in the Employment Situation Summary by the Bureau of Labor Statistics on Friday. Economists interviewed by Dow Jones had anticipated 125,000 hires in September, but both numbers are down from the 157,000 hired in...
  • China's exports fall unexpectedly in August, as trade war continues to slam industrial economy

    09/08/2019 4:15:41 AM PDT · by WWG1WWA · 34 replies
    South China Morning Post ^ | 9/7/2019 | Finbarr Bermingham William Zheng
    China’s exports fell unexpectedly in August, as the trade war with the United States continued to hit the world’s second-largest economy. Shipments fell by 1 per cent in the month after growing 3.3 per cent in July in dollar terms, and below the 2.1 per cent growth expected by analysts in a Bloomberg poll. Imports in the month dropped by 5.6 per cent, leaving a trade surplus of US$34.84 billion, according to China’s General Administration of Customs. July’s expansion now seems like an anomaly, likely driven by front-loading as new tariffs of 15 per cent on about US$110 billion of...
  • Dow futures jump 120 points after better-than-expected April jobs report

    05/03/2019 6:22:12 AM PDT · by Red Badger · 32 replies
    CNBC ^ | Published Fri, May 3 2019 • 2:41 AM EDT Updated Moments Ago | Yun Li
    U.S. stock index futures moved higher on Friday morning as data showed U.S. job creation was stronger than expected in April. Dow futures rose 112 points, indicating a gain of about 110 points at the open, following the release of the better-than-expected jobs report. The Nasdaq Composite is set to open 40 points higher, while futures on the S&P 500 were also higher. The U.S. added a robust 263,000 new hires in April while the unemployment rate fell to 3.6%, the lowest since December 1969, according to a Labor Department report Friday. The nonfarm payroll growth far outpaced Wall Street...
  • Nasdaq rings up a record to end the week after hotter-than-expected April jobs report

    05/03/2019 1:38:05 PM PDT · by abb · 36 replies ^ | May 3, 2019 | William Watts
    The Nasdaq on Friday closed at a record, and the S&P 500 narrowly missed its own, as investors bought stocks following an April employment report that came in hotter than expected, underscoring consistent labor-market strength. The Nasdaq Composite Index COMP advanced 127.22 points, or 1.6%, at 8,164, buoyed by gains in e-commerce giant Inc., which helped the technology-laden index to carve out a fresh all-time high and recover from a three-session stumble. The S&P 500 index climbed 28.12 points, or 1%, at 2,945.64, barely missing its own closing record at 2,845.83. All 11 S&P 500 sectors finished in positive...
  • Earnings season is halfway over and the results are surprisingly strong

    04/29/2019 1:35:21 PM PDT · by abb · 4 replies
    Yahoo Finance ^ | April 29, 2019 | Scott Gamm
    What earnings recession? Heading into the current first-quarter reporting season, earnings for S&P 500 (^GSPC) companies were expected to fall 3.9% year-over-year, the first quarterly decline since 2016, according to FactSet. But with 46% of S&P 500 companies having reported first-quarter results as of Friday, earnings are expected to decline only 2.3% year-over-year. Plus 77% of companies that have reported so far this season have topped their earnings estimates, according to FactSet. “Despite fears of an outright ‘earnings recession’ (two quarters of negative year-over-year earnings), actual results have exceeded consensus estimates by 4.3% thus far, well above the historical average...
  • US economy grows by 3.2% in the first quarter, tops expectations

    04/26/2019 5:48:21 AM PDT · by HotKat · 8 replies
  • US economy grows by 3.2% in the first quarter, topping expectations

    04/26/2019 6:17:20 AM PDT · by BenLurkin · 27 replies
    cnbc ^ | 04826/2019 | Fred Imbert
    Friday's data was the first look at how the economy fared during the longest government shutdown in history. The federal government ceased operations for 35 days between late December and Jan. 25 amid a standoff between the Trump administration and congressional leaders over funding for a wall along the U.S.-Mexico border. Investors were closely watching out for the report as they looked for more confirmation that a recession may not be in the cards over the short term. The report "helps offset fears of slowing global growth," said Alec Young, managing director of global market research at FTSE Russell. "At...
  • Q4 GDP 2.6%: Better than Expected (2018 GDP, 3.125)

    03/01/2019 8:42:33 AM PST · by xzins · 46 replies
    Yahoo News ^ | 28 Feb 19 | Mark Vickery
    The long-awaited first read on Q4 GDP has just come out, with results better than expected: +2.6%, whereas analysts had been pivoting right around that 2.0% figure ahead of the release. The historically strong Q3 results were revised upward in its third and final headline: 3.5%. Even though it’s too early to take the long view of 2018 GDP as a whole, this 2.6% number joins the 2.2%, 4.2% and now 3.5% from the previous quarter to put preliminary GDP at 3.125%, or above 3% for the first time since prior to the Great Recession a decade ago. That this...
  • U.S. consumer confidence jumps as current views hit 18-year high

    02/27/2019 2:30:43 PM PST · by spintreebob · 9 replies
    Ad Age ^ | 2/26/19 | Bloomberg News
    Credit: iStock U.S. consumer confidence improved in February, topping all forecasts and snapping a three-month losing streak, after the U.S. government ended the longest shutdown in the country's history and the trade war edged toward a resolution. The confidence index climbed to 131.4 from 121.7, the New York-based Conference Board said in a report Tuesday. That compared with a Bloomberg survey of economists that called for a rise to 124.9. The measure gauging Americans' views on present conditions rose to an 18-year high while consumer expectations posted the largest monthly gain since 2011. Key insights • The increase comes amid...