Back to top

Real Time Insight

First off this morn, fresh weekly claims data was bullish.

New unemployment benefit applications dropped by -9,000 to 323,000 in the week ended August 31.  This kept initial claims near a five-and-a-half year low. Forecasters looked for 330,000, making this a beat.

Also, the Federal government said continuing claims decreased by 43,000 to a seasonally adjusted 2.95 million in the week ended August 24.  This is really good news.  If we are working our way into the backlog of the unemployed, this progress is real.

Second, a fresh monthly reading came from the private sector payroll company ADP on the jobs market.  

It too looked solid.

Total U.S. Nonfarm Private Employment increased by  +176K jobs in August, in line with other summer data.  Service producers delivered +165K of those jobs, a strong performance. Goods producers added just +11K jobs.

By company size, small businesses lead.  They added many jobs to fill their new roles.  Very large service businesses located in trade/transport/utilities (+50K) and professional/business services (+40K) performed effectively too.


  • Small businesses: +71K
  • Medium businesses: +74K
  • Large businesses: +32K

​Manufacturing, construction, and financial activities added a collective +10K jobs.  Not strong in August.

Mark Zandi, chief economist of Moody’s Analytics, said,

"It is steady as she goes in the job market. Job gains in August were consistent with increases experienced over the past two-plus years. There is little evidence that fiscal austerity and Health Care Reform have had a significant impact on the job market.”

My RTI question:  After Fresh Jobs Data, Where Do Markets Take Stocks, the 10-Year, and Gold?

Zacks Releases Their 7 Best Stocks for September, 2014

These 7 were hand-picked from the list of 220 Zacks Rank #1 Strong Buys with earnings estimate revisions that are sweeping upward. Their stock prices are expected to rise sooner than the others.

Today, this Special Report is available to new Zacks.com visitors free of charge.

Close This Panel X

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
STRATTEC SE… STRT 80.24 +3.00%
PATTERSON-U… PTEN 34.54 +2.98%