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sw33tpotato
sw33tpotato
·
2021-03-22
interesring read
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sw33tpotato
sw33tpotato
·
2021-03-18
Why are prices sliding despite positive results?
Pinduoduo Slides Despite Positive Q4 Results
(March 17) Pinduoduo Inc. was a whirl of activity Wednesday, as the e-commerce company posted better
Pinduoduo Slides Despite Positive Q4 Results
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sw33tpotato
sw33tpotato
·
2021-03-18
Ohh cool
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sw33tpotato
sw33tpotato
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2021-03-18
Good read!
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sw33tpotato
sw33tpotato
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2021-03-15
Nice!
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sw33tpotato
sw33tpotato
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2021-03-15
this is cool
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sw33tpotato
sw33tpotato
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2021-03-06
good read!
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sw33tpotato
sw33tpotato
·
2021-03-06
good news!
U.S. added 379,000 jobs in February, better than expected
(March 5) The U.S. economy added back more jobs in February than in January, as easing COVID-19 case
U.S. added 379,000 jobs in February, better than expected
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chairman Colin Huang.</p><p>Shares of the Shanghai-based company were sliding 8.4% to $147.31 at last check.</p><p>The company reported a fiscal fourth-quarter net loss of RMB1.38 billion ($212.2 million), or RMB1.13 ($1.17) per American depositary share. Adjusted losses per share came to RMB0.15 ($0.02), compared with the FactSet consensus calling for a loss of RMB0.29 ($.05).</p><p>Revenue surged 146% to RMB26.55 billion ($4.08 billion), smashing FactSet's consensus of RMB19.19 billion ($2.95 billion).</p><p>\"We saw six years ago that mobile is the only way to go,\" said Chen Lei, Pinduoduo's CEO who is now succeeding Huang as chairman. \"Therefore, we are the only major consumer internet company in the world that is mobile only. The mobile internet fundamentally transforms the way humans interact with each other.”</p><p>Pinduoduo said that in 2020 the number of active buyers, or users who bought at least one item last year, increased 35% to 788.4 million, exceeding Alibaba's total of 779 million annual active buyers.</p><p>Last July, Huang handed over the CEO role to Chen, who was then the company's chief technology officer. The company said Huang was stepping down from his chairman role to pursue research for Pinduoduo in the food and life sciences, calling them \"disciplines where breakthroughs could drive the future of China’s largest agriculture platform.\"</p><p>Chen said the company wants to build up a faster and lower-cost agriculture logistics infrastructure platform \"that will reduce waste and speed up delivery of perishable food, thus making groceries more affordable.\"</p><p>Meanwhile, China's governmenthas reportedly asked Alibabato dump some of its media assets over concerns about the company's influence over public opinion.</p><p>Last week, the Wall Street Journal reported thatthe Chinese governmentwas pressuring Alibaba to distance itself from founder Jack Ma and was planning to impose penalties on the tech giant.</p>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pinduoduo Slides Despite Positive Q4 Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPinduoduo Slides Despite Positive Q4 Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 23:05 GMT+8 <a href=https://www.thestreet.com/investing/pinduoduo-slides-despite-positive-q4-results?puc=yahoo&cm_ven=YAHOO><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(March 17) Pinduoduo Inc. was a whirl of activity Wednesday, as the e-commerce company posted better-than-expected results, beat out rival Alibaba (BABA) -Get Report to become China's largest e-...</p>\n\n<a href=\"https://www.thestreet.com/investing/pinduoduo-slides-despite-positive-q4-results?puc=yahoo&cm_ven=YAHOO\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PDD":"拼多多"},"source_url":"https://www.thestreet.com/investing/pinduoduo-slides-despite-positive-q4-results?puc=yahoo&cm_ven=YAHOO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197727683","content_text":"(March 17) Pinduoduo Inc. was a whirl of activity Wednesday, as the e-commerce company posted better-than-expected results, beat out rival Alibaba (BABA) -Get Report to become China's largest e-commerce company by annual active buyers and announced the resignation of founder and chairman Colin Huang.Shares of the Shanghai-based company were sliding 8.4% to $147.31 at last check.The company reported a fiscal fourth-quarter net loss of RMB1.38 billion ($212.2 million), or RMB1.13 ($1.17) per American depositary share. Adjusted losses per share came to RMB0.15 ($0.02), compared with the FactSet consensus calling for a loss of RMB0.29 ($.05).Revenue surged 146% to RMB26.55 billion ($4.08 billion), smashing FactSet's consensus of RMB19.19 billion ($2.95 billion).\"We saw six years ago that mobile is the only way to go,\" said Chen Lei, Pinduoduo's CEO who is now succeeding Huang as chairman. \"Therefore, we are the only major consumer internet company in the world that is mobile only. The mobile internet fundamentally transforms the way humans interact with each other.”Pinduoduo said that in 2020 the number of active buyers, or users who bought at least one item last year, increased 35% to 788.4 million, exceeding Alibaba's total of 779 million annual active buyers.Last July, Huang handed over the CEO role to Chen, who was then the company's chief technology officer. The company said Huang was stepping down from his chairman role to pursue research for Pinduoduo in the food and life sciences, calling them \"disciplines where breakthroughs could drive the future of China’s largest agriculture platform.\"Chen said the company wants to build up a faster and lower-cost agriculture logistics infrastructure platform \"that will reduce waste and speed up delivery of perishable food, thus making groceries more affordable.\"Meanwhile, China's governmenthas reportedly asked Alibabato dump some of its media assets over concerns about the company's influence over public opinion.Last week, the Wall Street Journal reported thatthe Chinese governmentwas pressuring Alibaba to distance itself from founder Jack Ma and was planning to impose penalties on the tech giant.","news_type":1},"isVote":1,"tweetType":1,"viewCount":298,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324763207,"gmtCreate":1616031561209,"gmtModify":1703496611020,"author":{"id":"3572666670669938","authorId":"3572666670669938","name":"sw33tpotato","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572666670669938","idStr":"3572666670669938"},"themes":[],"htmlText":"Ohh cool","listText":"Ohh cool","text":"Ohh cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324763207","repostId":"1100315531","repostType":4,"isVote":1,"tweetType":1,"viewCount":403,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324780411,"gmtCreate":1616030817033,"gmtModify":1703496594398,"author":{"id":"3572666670669938","authorId":"3572666670669938","name":"sw33tpotato","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572666670669938","idStr":"3572666670669938"},"themes":[],"htmlText":"Good read!","listText":"Good read!","text":"Good read!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324780411","repostId":"2120182059","repostType":4,"isVote":1,"tweetType":1,"viewCount":676,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322163896,"gmtCreate":1615783794715,"gmtModify":1703492896100,"author":{"id":"3572666670669938","authorId":"3572666670669938","name":"sw33tpotato","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572666670669938","idStr":"3572666670669938"},"themes":[],"htmlText":"Nice!","listText":"Nice!","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322163896","repostId":"1141300773","repostType":4,"isVote":1,"tweetType":1,"viewCount":418,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322160277,"gmtCreate":1615783663699,"gmtModify":1703492894376,"author":{"id":"3572666670669938","authorId":"3572666670669938","name":"sw33tpotato","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572666670669938","idStr":"3572666670669938"},"themes":[],"htmlText":"this is cool","listText":"this is cool","text":"this is cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322160277","repostId":"1111036221","repostType":4,"isVote":1,"tweetType":1,"viewCount":409,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":320333918,"gmtCreate":1615011304934,"gmtModify":1703484223905,"author":{"id":"3572666670669938","authorId":"3572666670669938","name":"sw33tpotato","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572666670669938","idStr":"3572666670669938"},"themes":[],"htmlText":"good read!","listText":"good read!","text":"good read!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/320333918","repostId":"1145536641","repostType":4,"isVote":1,"tweetType":1,"viewCount":625,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":320339186,"gmtCreate":1615011139445,"gmtModify":1703484222511,"author":{"id":"3572666670669938","authorId":"3572666670669938","name":"sw33tpotato","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572666670669938","idStr":"3572666670669938"},"themes":[],"htmlText":"good news! ","listText":"good news! ","text":"good news!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/320339186","repostId":"1183926967","repostType":4,"repost":{"id":"1183926967","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1614951176,"share":"https://www.laohu8.com/m/news/1183926967?lang=&edition=full","pubTime":"2021-03-05 21:32","market":"us","language":"en","title":"U.S. added 379,000 jobs in February, better than expected","url":"https://stock-news.laohu8.com/highlight/detail?id=1183926967","media":"老虎资讯综合","summary":"(March 5) The U.S. economy added back more jobs in February than in January, as easing COVID-19 case","content":"<p>(March 5) The U.S. economy added back more jobs in February than in January, as easing COVID-19 case counts and a ramping vaccine rollout allowed distancing restrictions to begin to moderate.</p><p>The U.S. Labor Department released its February jobs report Friday morning at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus estimates compiled by Bloomberg:</p><ul><li><b>Non-farm payrolls: +379,000</b> vs. +200,000 expected and +49,000 in January</li><li><b>Unemployment rate:</b> 6.2% vs. 6.3% expected and 6.3% in January</li><li><b>Average hourly earnings, month-over-month</b>: 0.2% vs. 0.2% expected and 0.2% in January</li><li><b>Average hourly earnings, year-over-year</b>: 5.3% vs. 5.3% expected and 5.4% in January</li></ul><p>The February jobs report comes on the heels of back-to-back disappointments in each of the January and December reports. The economy added atepid 49,000 payrolls in January,according to the unrevised print, and had lost payrolls on net for the first time since Aprilin December.Overall, the U.S. economy remains about 9.9 million payrolls short of its pre-pandemic levels.</p><p>But last month, job growth was expected to have accelerated as declining new COVID-19 cases and broadening vaccine-conferred immunity helped more businesses reopen with greater capacity. The unemployment rate was expected to hold at 6.3%, or well below the pandemic-era high of 14.8%, but still above the 50-year-low of 3.5% from February 2020.</p><p>The breakdown of job gains and declines by industry was set to be of particular interest in the latest jobs report, given that job losses during the pandemic have been so heavily concentrated in high-contact services industries, and especially at restaurants, bars, hotels and their ilk.</p><p>In December and January,service-related jobs bore the brunt of payroll declines, as a resurgence in new COVID-19 cases around the holidays led to renewed social distancing restrictions. Leisure and hospitality payrolls dropped by 61,000 in January, following a plunge of more than half a million in December. But these losses may have at least begun to soften in February.</p><p>\"As the pace of new COVID-19 cases steadily declined, restaurant activity accelerated in February, suggesting an increase in food service employment,\" Nomura chief economist Lewis Alexander said in a note on Wednesday. \"That strength continued into March based on preliminary data, consistent with our view that private employment growth should begin to recover more rapidly in the late spring as vaccinations continue and restrictions are eased.\"</p><p>Some other temporary factors may have added pressure to the labor market in February, including the inclement weather that blanketed much of the country mid-month. This may cause some unevenness in the data reported in the Labor Department's monthly household survey, which includes the unemployment rate, and establishment survey, which includes the change in non-farm payrolls, some economists noted.</p><p>\"Colder than usual weather in February likely weighed on certain sectors, including construction, retail and food services,\" Morgan Stanley economist Ellen Zentner wrote in a note Wednesday. \"This may have differentiated effects on the household and establishment sides of the report — whether they are employed, but 'not at work due to weather' in the household survey, or if they missed paychecks then that would also be reflected in the establishment survey.\"</p><p>Other reports on the U.S. labor market have come in mixed recently.ADP reported Wednesday that private payrolls increased by just 117,000in February, sharply missing estimates for a rise of 205,000 payrolls. But elsewhere,weekly jobless claims trended lower in Februaryversus January, suggesting a moderation in the number of newly unemployed.Plus, the Conference Board's labor differential— measuring the percentage of those saying jobs are \"plentiful\" subtracted by those claiming jobs are \"hard to get\" — turned positive for the first time since November in February.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. added 379,000 jobs in February, better than expected</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. added 379,000 jobs in February, better than expected\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-03-05 21:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(March 5) The U.S. economy added back more jobs in February than in January, as easing COVID-19 case counts and a ramping vaccine rollout allowed distancing restrictions to begin to moderate.</p><p>The U.S. Labor Department released its February jobs report Friday morning at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus estimates compiled by Bloomberg:</p><ul><li><b>Non-farm payrolls: +379,000</b> vs. +200,000 expected and +49,000 in January</li><li><b>Unemployment rate:</b> 6.2% vs. 6.3% expected and 6.3% in January</li><li><b>Average hourly earnings, month-over-month</b>: 0.2% vs. 0.2% expected and 0.2% in January</li><li><b>Average hourly earnings, year-over-year</b>: 5.3% vs. 5.3% expected and 5.4% in January</li></ul><p>The February jobs report comes on the heels of back-to-back disappointments in each of the January and December reports. The economy added atepid 49,000 payrolls in January,according to the unrevised print, and had lost payrolls on net for the first time since Aprilin December.Overall, the U.S. economy remains about 9.9 million payrolls short of its pre-pandemic levels.</p><p>But last month, job growth was expected to have accelerated as declining new COVID-19 cases and broadening vaccine-conferred immunity helped more businesses reopen with greater capacity. The unemployment rate was expected to hold at 6.3%, or well below the pandemic-era high of 14.8%, but still above the 50-year-low of 3.5% from February 2020.</p><p>The breakdown of job gains and declines by industry was set to be of particular interest in the latest jobs report, given that job losses during the pandemic have been so heavily concentrated in high-contact services industries, and especially at restaurants, bars, hotels and their ilk.</p><p>In December and January,service-related jobs bore the brunt of payroll declines, as a resurgence in new COVID-19 cases around the holidays led to renewed social distancing restrictions. Leisure and hospitality payrolls dropped by 61,000 in January, following a plunge of more than half a million in December. But these losses may have at least begun to soften in February.</p><p>\"As the pace of new COVID-19 cases steadily declined, restaurant activity accelerated in February, suggesting an increase in food service employment,\" Nomura chief economist Lewis Alexander said in a note on Wednesday. \"That strength continued into March based on preliminary data, consistent with our view that private employment growth should begin to recover more rapidly in the late spring as vaccinations continue and restrictions are eased.\"</p><p>Some other temporary factors may have added pressure to the labor market in February, including the inclement weather that blanketed much of the country mid-month. This may cause some unevenness in the data reported in the Labor Department's monthly household survey, which includes the unemployment rate, and establishment survey, which includes the change in non-farm payrolls, some economists noted.</p><p>\"Colder than usual weather in February likely weighed on certain sectors, including construction, retail and food services,\" Morgan Stanley economist Ellen Zentner wrote in a note Wednesday. \"This may have differentiated effects on the household and establishment sides of the report — whether they are employed, but 'not at work due to weather' in the household survey, or if they missed paychecks then that would also be reflected in the establishment survey.\"</p><p>Other reports on the U.S. labor market have come in mixed recently.ADP reported Wednesday that private payrolls increased by just 117,000in February, sharply missing estimates for a rise of 205,000 payrolls. But elsewhere,weekly jobless claims trended lower in Februaryversus January, suggesting a moderation in the number of newly unemployed.Plus, the Conference Board's labor differential— measuring the percentage of those saying jobs are \"plentiful\" subtracted by those claiming jobs are \"hard to get\" — turned positive for the first time since November in February.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/67ddaab67c271192b52371b38356b471","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183926967","content_text":"(March 5) The U.S. economy added back more jobs in February than in January, as easing COVID-19 case counts and a ramping vaccine rollout allowed distancing restrictions to begin to moderate.The U.S. Labor Department released its February jobs report Friday morning at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus estimates compiled by Bloomberg:Non-farm payrolls: +379,000 vs. +200,000 expected and +49,000 in JanuaryUnemployment rate: 6.2% vs. 6.3% expected and 6.3% in JanuaryAverage hourly earnings, month-over-month: 0.2% vs. 0.2% expected and 0.2% in JanuaryAverage hourly earnings, year-over-year: 5.3% vs. 5.3% expected and 5.4% in JanuaryThe February jobs report comes on the heels of back-to-back disappointments in each of the January and December reports. The economy added atepid 49,000 payrolls in January,according to the unrevised print, and had lost payrolls on net for the first time since Aprilin December.Overall, the U.S. economy remains about 9.9 million payrolls short of its pre-pandemic levels.But last month, job growth was expected to have accelerated as declining new COVID-19 cases and broadening vaccine-conferred immunity helped more businesses reopen with greater capacity. The unemployment rate was expected to hold at 6.3%, or well below the pandemic-era high of 14.8%, but still above the 50-year-low of 3.5% from February 2020.The breakdown of job gains and declines by industry was set to be of particular interest in the latest jobs report, given that job losses during the pandemic have been so heavily concentrated in high-contact services industries, and especially at restaurants, bars, hotels and their ilk.In December and January,service-related jobs bore the brunt of payroll declines, as a resurgence in new COVID-19 cases around the holidays led to renewed social distancing restrictions. Leisure and hospitality payrolls dropped by 61,000 in January, following a plunge of more than half a million in December. But these losses may have at least begun to soften in February.\"As the pace of new COVID-19 cases steadily declined, restaurant activity accelerated in February, suggesting an increase in food service employment,\" Nomura chief economist Lewis Alexander said in a note on Wednesday. \"That strength continued into March based on preliminary data, consistent with our view that private employment growth should begin to recover more rapidly in the late spring as vaccinations continue and restrictions are eased.\"Some other temporary factors may have added pressure to the labor market in February, including the inclement weather that blanketed much of the country mid-month. This may cause some unevenness in the data reported in the Labor Department's monthly household survey, which includes the unemployment rate, and establishment survey, which includes the change in non-farm payrolls, some economists noted.\"Colder than usual weather in February likely weighed on certain sectors, including construction, retail and food services,\" Morgan Stanley economist Ellen Zentner wrote in a note Wednesday. \"This may have differentiated effects on the household and establishment sides of the report — whether they are employed, but 'not at work due to weather' in the household survey, or if they missed paychecks then that would also be reflected in the establishment survey.\"Other reports on the U.S. labor market have come in mixed recently.ADP reported Wednesday that private payrolls increased by just 117,000in February, sharply missing estimates for a rise of 205,000 payrolls. But elsewhere,weekly jobless claims trended lower in Februaryversus January, suggesting a moderation in the number of newly unemployed.Plus, the Conference Board's labor differential— measuring the percentage of those saying jobs are \"plentiful\" subtracted by those claiming jobs are \"hard to get\" — turned positive for the first time since November in February.","news_type":1},"isVote":1,"tweetType":1,"viewCount":748,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}