U.S. Jobs Report Misses Forecast: Weak Nonfarm Payrolls Signal Labor Market Cooling

Manufacturing employment declined by 12,000, transport equipment shed 15,000 jobs, largely responsible for strike activity. The wholesale trade fell by 12,000, declining its three months to 32,000. Retail trade offered a minor positive surprise, adding 10,500 jobs after the previous weakness. Wage increase stable, but participation stable Earning an average hourly increased 0.3% month-maiden, in…

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Dow Jones: Nike Earnings Beat Fails to Impress, Stock Slides in After-Hours

How serious was the effect of turnaround on Nike’s financial? Nike officials confirmed that this quarter represented the peak of financial pressure from its multi-step turnaround plan. The CFO Matt Mitra labeled it the “biggest financial impact” period and said that the worst appears behind them. However, recent quarters have shown a deteriorating atmosphere, and…

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