November Jobs Report

#Jobs — Abbreviated October data shows a loss, while November had a small gain. UE ticks higher.

Gain of +64,000 non-farm payroll jobs, vs. expected gain of 45K
An “abbreviated” October count indicates a loss of -105,000 jobs.
Unemployment up by 0.2 from Sept at 4.6%, highest since Sept 2021
U6 unemployment 8.7%, up by 0.7 from Sept
Labor force participation up 0.1 to 62.5%
Average hourly earnings up by 0.1%; +3.5% Y/Y, smallest gain since May 2021

September jobs revised down by -11K to +108K
August jobs revised down by -22K to -26K

September Jobs Report

#Jobs — Higher than expected, although August went negative and UE ticks up

Gain of +119,000 non-farm payroll jobs, vs. expected gain of 50K
Unemployment up by 0.1 at 4.4%
U6 unemployment 8.0%, down by 0.1
Labor force participation up 0.1 to 62.4%
Average hourly earnings up by 0.2%; +3.8% Y/Y

July jobs revised down by -7K to +72K
August jobs revised down by -26K to -4K

August Jobs Report

#Jobs — Lower than expected

Gain of +22,000 non-farm payroll jobs, vs. expected gain of 75K
Unemployment up by 0.1 at 4.3%
U6 unemployment 8.1%, up by 0.2
Labor force participation up 0.1 to 62.3%
Average hourly earnings up by 0.3%; +3.7% Y/Y

July jobs revised up by +6K to +79K
June jobs revised down by -27K to -13K

July Jobs Report

#Jobs — Lower than expected and hugely lower prior month revisions

Gain of +73,000 non-farm payroll jobs, vs. expected gain of 100K
Unemployment up by 0.1 at 4.2%
U6 unemployment 7.9%, up by 0.2
Labor force participation down 0.1 to 62.2%
Average hourly earnings up by 0.3%; +3.9% Y/Y

May jobs revised down by -125K to +19K
June jobs revised down by -133K to +14K

June Jobs Report

#Jobs — Exceeding expectations again

Gain of +147,000 non-farm payroll jobs, vs. expected gain of 125K
Unemployment down by 0.1 at 4.1%
U6 unemployment 7.7%, down by 0.1
Labor force participation down 0.1 to 62.3%
Average hourly earnings up by 0.2%; +3.7% Y/Y

April jobs revised up by +11K to +158K
May jobs revised up by +5K to +144K

May Jobs Report

#Jobs — Exceeding expectations again

Gain of +139,000 non-farm payroll jobs, vs. expected gain of 125K
Unemployment unchanged at 4.2%
U6 unemployment 7.8%, unchanged
Labor force participation down 0.2 to 62.4%
Average hourly earnings up by 0.4%; +3.9% Y/Y, both more than expected

April jobs revised down by -30K to +147K
March jobs revised down by -60K to +120K

April Jobs Report

#Jobs — Exceeding expectations again

Gain of +177,000 non-farm payroll jobs, vs. expected gain of 133K
Unemployment unchanged at 4.2%, as expected
U6 unemployment 7.8%, down by 0.1%
Labor force participation up 0.1 to 62.6%
Average hourly earnings up by 0.2%; +3.8% Y/Y

February jobs revised down by -15K to +102K
March jobs revised down by -43K to +185K

March Jobs Report

#Jobs — More gains, UE ticks higher

Gain of +228,000 non-farm payroll jobs, vs. expected gain of 140K
Unemployment up 0.1 to 4.2%
U6 unemployment 7.9%, down by 0.1%
Labor force participation up 0.1 to 62.5%
Average hourly earnings up by 0.3%; +3.8% Y/Y

February jobs revised down by -34K to +289K
January jobs revised down by -14K to +111K

February Jobs Report

#Jobs — Slightly less than expected; UE a bit higher

Gain of +151,000 non-farm payroll jobs, vs. expected gain of 170K
Unemployment up 0.1 to 4.1%
U6 unemployment 8.0%, up by 0.5%
Labor force participation down 0.2 to 62.4%
Average hourly earnings up by 0.3%, as expected; +4.0% Y/Y

December jobs revised up by +16K to +323K
January jobs revised down by +18K to +125K

January Jobs Report

#Jobs — Less than expected; wage growth hotter than expected

Gain of +143,000 non-farm payroll jobs, vs. expected gain of 169K
Unemployment down 0.1 to 4.0%
U6 unemployment 7.5%, unchanged
Labor force participation up 0.1 to 62.6%
Average hourly earnings up by 0.5%, vs expected +0.3%; +4.1% Y/Y

December jobs revised up by +51K to +307K
November jobs revised up by +49K to +261K

December Jobs Report

#Jobs — 100K higher than expected; wage growth slowing

Gain of +256,000 non-farm payroll jobs, vs. expected gain of 155K
Unemployment down 0.1 to 4.1%, vs expected unchanged
U6 unemployment 7.5%, lowest since June
Labor force participation unchanged at 62.5%
Average hourly earnings up by 0.3%; +3.9% Y/Y, both below expectations

October jobs revised up by +7K to +43K
November jobs revised down by +15K to +212K

November Jobs Report

#Jobs — Higher than expected, UE rate rising

Gain of +227,000 non-farm payroll jobs, vs. expected gain of 214K
Unemployment up 0.1 to 4.2%, as expected
U6 unemployment 7.8%, up by 0.1
Labor force participation down 0.1 at 62.5%
Average hourly earnings up by 0.4%; +4.0% Y/Y

October jobs revised up by +24K to +36K
September jobs revised up by +32K to +255K

October Jobs Report

#Jobs — Much lower than expected, likely reflecting hurricane effects

Gain of +12,000 non-farm payroll jobs, vs. expected gain of 100K
Unemployment unchanged at 4.1%, vs expected unchanged
U6 unemployment 7.7%, unchanged
Labor force participation down 0.1 at 62.6%
Average hourly earnings up by 0.4%; +4.0% Y/Y

August jobs revised down by -81K to +78K
September jobs revised down by -31K to +223K

September Jobs Report

#Jobs — Wildly beating expectations, including upward revisions to July and August

Gain of +254,000 non-farm payroll jobs, vs. expected gain of 151K
Unemployment down 0.1% to 4.1%, vs expected unchanged
U6 unemployment 7.7%, down by 0.2
Labor force participation unchanged at 62.7%
Average hourly earnings up by 0.4%; +4.0% Y/Y

August jobs revised up by +17K to +159K
July jobs revised up by +55K to +144K

August Jobs Report

#Jobs — Close to expectations, with drop in UE

Gain of +142,000 non-farm payroll jobs, vs. expected gain of 161K
Unemployment down 0.1% to 4.2%, as expected
U6 unemployment 7.9%, up by 0.1
Labor force participation unchanged at 62.7%
Average hourly earnings up by 0.4%; +3.8% Y/Y

June jobs revised down by -61K to +118K
July jobs revised down by -25K to +89K

July Jobs Report

#Jobs — Drop in job gains, below expectations, UE ticks up

Gain of +114,000 non-farm payroll jobs, vs. expected gain of 175K
Unemployment up 0.2% to 4.3%, highest since Oct 2021
U6 unemployment 7.8%, up by 0.4
Labor force participation up 0.1 to 62.7%
Average hourly earnings up by 0.2%; +3.6% Y/Y

May jobs revised down by -2K to +216K
June jobs revised down by -27K to +179K

Economic Calendar 7/29 – 8/2

#FOMC decision on Wesdnesday
#JOBS report on Friday

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June Jobs Report

#Jobs — Gains beat expectations again, but drop in prior months

Gain of +206,000 non-farm payroll jobs, vs. expected gain of 190K
Unemployment up 0.1% to 4.1%, vs expectation of unchanged
U6 unemployment 7.4%, unchanged
Labor force participation up 0.1 to 62.6%
Average hourly earnings up by 0.3%; +3.9% Y/Y

May jobs revised down by -54K to +218K
April jobs revised down by -57K to +108K

May Jobs Report

#Jobs — Gains blow out expectations, UE rises to highest since Jan 2022

Gain of +272,000 non-farm payroll jobs, vs. expected gain of 190K
Unemployment up 0.1% to 4.0%, vs expectation of unchanged
U6 unemployment 7.4%, unchanged
Labor force participation down 0.2 to 62.5%
Average hourly earnings up by 0.4%, more than expected; +4.1% Y/Y

March jobs revised down by -5K to +310K
April jobs revised down by -10K to +165K

Economic Calendar 6/3 – 6/7

JOBS report on Friday, and other data each morning this week.

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#jobs

April Jobs Report

#Jobs — Gains slowed in April, rising less than expected, which is good news for the hope of lower interest rates.

Gain of +175,000 non-farm payroll jobs, vs. expected gain of 240K
Unemployment up 0.1% to 3.9%, vs expectation of unchanged
U6 unemployment 7.4%, up by 0.1%
Labor force participation unchanged at 62.7%
Average hourly earnings up by 0.2%, less than expected; +3.9% Y/Y

February jobs revised down by -34K to +236K
March jobs revised up by +12K to +315K

March Jobs Report

#Jobs — Gains exceed expectations once again.

Gain of +303,000 non-farm payroll jobs, vs. expected gain of 214K
Unemployment down 0.1% to 3.8%, as expected
U6 unemployment 7.3%, unchanged
Labor force participation up 0.2% to 62.7%
Average hourly earnings up by 0.3%, as expected; +4.1% Y/Y as expected

February jobs revised down by -5K to +270K
January jobs revised up by +27K to +256K

February Jobs Report

#Jobs — Gains exceed expectations again, but UE rises.

Gain of +275,000 non-farm payroll jobs, vs. expected gain of 198K
Unemployment up 0.2 to 3.9%, vs expected 3.7%
U6 unemployment 7.3%, up by 0.1
Labor force participation unchanged at 62.5%
Average hourly earnings up by 0.1%; 4.3% increase over the year

December jobs revised down by -43K to +290K
January jobs revised down by -124K to 229K

Economic Calendar 3/4 – 3/8

Jobs report is Friday

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#jobs

January Jobs Report

#Jobs — Big gains obliterate expectations. Earnings also soar; December revised up bigly.

Gain of +353,000 non-farm payroll jobs, vs. expected gain of 185K
Unemployment unchanged at 3.7%
U6 unemployment 7.2%, up by 0.1
Labor force participation unchanged at 62.5%
Average hourly earnings up by 0.6%; 4.5% increase over the year

December jobs revised up by +228K to +333K
November jobs revised up by +9K to 182K

December Jobs Report

#Jobs — Higher than expected.

Gain of +216,000 non-farm payroll jobs, vs. expected gain of 175K
Unemployment unchanged at 3.7%
U6 unemployment 7.1%, up by 0.1
Labor force participation at 62.5%, down by 0.3
Average hourly earnings up by 0.4%; 4.1% increase over the year

October jobs revised down by -45K to +105K
November jobs revised down by -26K to 173K

SPX trades 1/4

#SPX1dte Sold to Open $SPX Jan 5th (next day) 4625/4645-4780/4800 condors for 1.00, deltas -.05 +.05, IV 15.5%

Today’s condor nicely centered and should expire. This new one is for tomorrow… there is the Jobs report in the morning, but I’m getting a nice width here so I’m comfortable.

#jobs

November Jobs Report

#Jobs — A bit more than expected. Wages increased strongly.

Gain of +199,000 non-farm payroll jobs, vs. expected gain of 185K
Unemployment down by 0.2 to 3.7%, vs expected unchanged
U6 unemployment 7.0%, down by 0.2
Labor force participation at 62.8%, up by 0.1
Average hourly earnings up by 0.4%; 4.0% increase over the year

September jobs revised down by -35K to +262K
October jobs unchanged at 150K

October Jobs Report

#Jobs — A bit less than expected and a big drop from September.

Gain of +150,000 non-farm payroll jobs, vs. expected gain of 170K
Unemployment up 0.1 to 3.9%, vs expected unchanged
U6 unemployment 7.2%, up by 0.2
Labor force participation at 62.7%, down by 0.1
Average hourly earnings up by 0.2%; 4.1% increase over the year

September jobs revised down by -39K to +297K
August jobs revised down by -62K to +165K

September Jobs Report

#Jobs — Much higher than expected, countering the Fed’s belief that job market is softening. Plus large upward revisions of previous months.

Gain of +336,000 non-farm payroll jobs, vs. expected gain of 170K
Unemployment up 0.1 to 3.8%, vs expected 3.7%
U6 unemployment 7.0%, down by 0.1
Labor force participation at 62.8%, unchanged
Average hourly earnings up by 0.2%; 4.2% increase over the year, each 0.1 weaker than expected

July jobs revised up by +79K to +236K
August jobs revised up by +40K to +227K

August Jobs Report

#Jobs — Higher than expected, but downward revisions of past months and UE ticks up.

Gain of +187,000 non-farm payroll jobs, vs. expected gain of 170K
Unemployment up 0.2 to 3.7%, highest since Feb 2022
U6 unemployment 7.1%, up by 0.4
Labor force participation at 62.8%, up to pre-Covid levels
Average hourly earnings up by 0.2%; 4.3% increase over the year, each 0 .1 weaker than expected

July jobs revised down by -30K to +157K
June jobs revised down by -80K to +105K

July Jobs Report

#Jobs — Lower than expected, but steady growth continues.

Gain of +187,000 non-farm payroll jobs, vs. expected gain of 200K
Unemployment down by 0.1 to 3.5%, vs expected no change
U6 unemployment 6.7%, down by 0.2
Labor force participation at 62.6% for 5th straight month
Average hourly earnings up by 0.4%; 4.4% increase over the year, stronger than expected

May jobs revised down by -25K to +281K
June jobs revised down by -24K to +185K

June Jobs Report

#Jobs — Lower than expected.

Gain of +209,000 non-farm payroll jobs, vs. expected gain of 230K
Unemployment down by 0.1 to 3.6%, as expected
U6 unemployment 6.9%, up by 0.2
Labor force participation 62.6%, unchanged
Average hourly earnings up by 0.4%; 4.4% increase over the year, stronger than expected

May jobs revised down by -33K to +306K
April jobs revised down by -77K to +211K

May Jobs Report

#Jobs — Higher than expected again. And a gain of +94K in prior month revisions.

Gain of +339,000 non-farm payroll jobs, vs. expected gain of 190K
Unemployment up by 0.3 to 3.7%, higher than expected gain to 3.5%
U6 unemployment 6.7%, up by 0.1
Labor force participation 62.6%, unchanged
Average hourly earnings up by 0.3%; 4.3% increase over the year, 0.1 less than expected.

March jobs revised up by +53K to +217K
April jobs revised up by +41K to +294K

April Jobs Report

#Jobs — Higher than expected, record low UE, lost -149K on prior month revisions.

Gain of +253,000 non-farm payroll jobs, vs. expected gain of 180K
Unemployment down by 0.1 to 3.4%, tied for lowest since 1969, vs. expected gain to 3.6%
U6 unemployment 6.6%, down by 0.1
Labor force participation 62.6%, same as last month
Average hourly earnings up by 0.5%; 4.4% increase over the year; both 0.2% than expected..

March jobs revised down by -71K to +165K
February jobs revised down by -78K to +248K

SPX 1-dte

#SPX1dte Sold to Open $SPX May 5th 3965/3985-4140/4160 condors for 1.30, deltas -.06 +.06

Width and premium have returned to this trade in recent days.

Expiring: May 4th 3990/4010-4160/4180 condors, sold yesterday for 1.15

#jobs

March Jobs Report

#Jobs — Down from February, meeting expectations.

Gain of +236,000 non-farm payroll jobs, vs. expected gain of 238K
Unemployment down by 0.1 to 3.5%, vs. expected hold at 3.6%
U6 unemployment 6.7%, down by 0.1
Labor force participation 62.6%, up by 0.1
Average hourly earnings up by 0.3%; 4.2% increase over the year, lowest since June 2021.

February jobs revised down up +15K to +326K
January jobs revised down by -32K to +472K

Short week profit

#SPX1dte Expiring: $SPX April 6th 4015/4035-4135/4155 condors, sold yesterday for 1.05

Week’s profit is +4.30.

No trade for Monday, going to stay clear of long weekend and tomorrow’s #Jobs report.

My $PACW 15/10 bull credit spread expires 4/21 and so far, no good. Sold for 3.70, now running about 4.30. I need another pop up towards 14 to get out, or a two-week slow drift up would be ok too.

SPX 1-dte

#SPX1dte Sold to Open $SPX April 6th 4015/4035-4135/4155 condors for 1.05, SPX at 4090, deltas -.06 +.06

Expiring: April 5th 4025/4045-4150/4170 condors, sold yesterday for 1.15.

Don’t forget, market is closed Friday, but #Jobs numbers will still be released at 8:30am ET.

February Jobs report

#Jobs — Down from January, but exceeding expectations again. Wage growth lower than expected, which may be taken as good news about inflation

Gain of +311,000 non-farm payroll jobs, vs. expected gain of 225K
Unemployment rose 3.6%, vs. expected 3.4%
U6 unemployment 6.8%, up by 0.2
Labor force participation 62.5%, up by 0.1
Average hourly earnings up by 0.2%; 4.6% increase over the year. Both are 0.2 lower than expected.

January jobs revised down by -14K to +504K
December jobs revised down by -21K to +239K

No trade before Jobs report

#SPX1dte Capping off a bad week with no overnight trade. I will consider a same-day trade after #Jobs report in the morning.

August Jobs report

#Jobs — Meeting expectations this time, less than July but still strong. Participation moved up, also pushing UE up.

Gain of +315,000 non-farm payroll jobs, vs. expected gain of 318K
Unemployment at 3.7%, up by 0.2
U6 unemployment 7.0%, up by 0.3
Labor force participation 62.4%, up by 0.3
Average hourly earnings up by 0.3%; 5.2% increase over the year

July jobs revised down by -2K to +526K
June jobs revised down by -105K to +293K

July Jobs report

#Jobs — Doubling expectations and defying recession fears; earnings up strongly

Gain of +528,000 non-farm payroll jobs, vs. expected gain of 268K
Unemployment at 3.5%, down by 0.1
U6 unemployment 6.7%, unchanged
Labor force participation 62.1%, down by 0.1
Average hourly earnings up strongly by 0.5%; 5.2% increase over the year

May jobs revised up by +2K to +386K
June jobs revised up by +26K to +398K

June Jobs report

#Jobs — Above expectations

Gain of +372,000 non-farm payroll jobs, vs. expected gain of 250K
Unemployment unchanged at 3.6%, as expected
U6 unemployment 6.7%, down by 0.4
Labor force participation 62.2%, down by 0.1
Average hourly earnings up 0.3%; 5.1% increase over the year

May jobs revised down to +384K
April jobs revised down to +368K

April Jobs report

#Jobs — Slightly above expectations; other stats a bit weak

Gain of +428,000 non-farm payroll jobs, vs. expected gain of 400K
Unemployment unchanged at 3.6% (vs expected drop of 0.1)
U6 unemployment rose to 7.0%, up by 0.1
Labor force participation 62.2%, down by 0.2
Average hourly earnings up 0.3%, below expected 0.4%; 5.5% increase over the year

February jobs revised down by -36K to +714K
March jobs revised down by -3K to +428K

March Jobs report

#Jobs — Slightly below expectations, but all stats are strong

Gain of +431,000 non-farm payroll jobs, vs. expected gain of 490K
Unemployment drops to 3.6%, down by 0.2 (vs expected drop of 0.1)
U6 unemployment fell to 6.9%, down by 0.3
Labor force participation 62.4%, up by 0.1
Average hourly earnings up 0.4%, and up 5.6% over 12 months.

February jobs revised up by +72K to +750K
January jobs revised up by +23K to +504K

February Jobs report

#Jobs — Above expectations again

Gain of +678,000 non-farm payroll jobs, vs. expected gain of 444K
Unemployment drops to 3.8%, down by 0.1 (vs. estimate of unchanged)
U6 unemployment at 7.2%, up by 0.1
Labor force participation 62.3%, up by 0.1
Wage growth sluggish at only 0.03%. increase, vs. 0.5% estimate.

December jobs revised up by +78K to +588K
January jobs revised up by +14K to +481K

January Jobs report

#JobsAbove expectations for a change; wage growth strong, labor participation up, Nov & Dec jobs revised upward by ridiculous amounts.

Gain of +467,000 non-farm payroll jobs, vs. expected gain of 150K
Unemployment at 4.0%, up by 0.1 (vs. 3.9 estimate)
U6 unemployment at 7.1%, down by 0.2
Labor force participation 62.2%, up by 0.3
Average hourly earnings up 0.7%, vs. 05 estimate

December jobs revised up by +311K to +510K
November jobs revised up by +398K to +647K

December Jobs Report

#Jobs — Below expectations again; both measures of UE down again; upward revisions of past months again.

Gain of +199,000 non-farm payroll jobs, vs. expected gain of 422K.
Unemployment at 3.9%, down by 0.3 (vs. 4.1 estimate)
U6 unemployment at 7.3%, down by 0.5
Labor force participation 61.9%, up by 0.1
Average hourly earnings up 0.6%

October jobs revised up by +102K to +648K
November jobs revised up by +39K to +249K

November Jobs Report

#Jobs — Below expectations, but both measures of UE down sharply.

Gain of +210,000 non-farm payroll jobs, vs. expected gain of 573K.
Unemployment at 4.2%, down by 0.4
U6 unemployment at 7.8%, down by 0.5
Labor force participation 61.8%, up by 0.2
Average hourly earnings up 4.8% year over year

October jobs revised up by +15K to +546K
September jobs revised up by +57K to +379K

October Jobs Report

#Jobs — After two months below, October was ABOVE expectations. Additionally, 235K were added in prior-month revisions.

Gain of +531,000 non-farm payroll jobs, vs. expected gain of 450K.
Unemployment at 4.6%, down by 0.2
U6 unemployment at 8.3%, down by 0.2
Labor force participation 61.6%, unchanged
Average hourly earnings up 0.4%, or 4.9% year over year

September jobs revised up by +118K to +312K
August jobs revised up by +117K to +483K

September Jobs Report

#Jobs — Second month in a row below expectations, lowest increase of the year

Gain of +194,000 non-farm payroll jobs, vs. expected gain of 500K.
Unemployment at 4.8%, down by 0.4
U6 unemployment at 8.5%, down by 0.3
Labor force participation 61.6%, down by 0.1%
Average hourly earnings up 0.6% vs expected .4%

August jobs revised up by +131K to +366K
July jobs revised up by +38K to +1.091M

August Jobs Report

#Jobs — August dips, way below expectations

Gain of +235,000 non-farm payroll jobs, vs. expected gain of 720K.
Unemployment at 5.2%, down by 0.3
U6 unemployment at 8.9%, down by 0.3
Labor force participation 61.7%, unchanged
Wages up 4.3% year over year

July jobs revised up by +110K to +1.053M
June jobs revised up by +24K to +962K

July Jobs report

#Jobs — July was another strong month, beating expectations

Gain of +943,000 non-farm payroll jobs, vs. expected gain of 845K.
Unemployment at 5.4%, down by 0.5
U6 unemployment at 9.2%, down by 0.6
Labor force participation 61.7%, up by 0.1
Wages up 0.4% for the month

June jobs revised up by +88K to +938K
May jobs revised up by +31K to +614K

June Jobs Report

#Jobs — June was a strong month, beating expectations

Gain of +850,000 non-farm payroll jobs, vs. expected gain of 706K.
Unemployment at 5.9%, up by 0.1
U6 unemployment at 9.8%, down by 0.4
Labor force participation 61.6%, unchanged
Wages up 0.3% for the month, 3.6% year over year

May jobs revised up by +24K to +583K
April revised up by +12K to +278K

May Jobs Report

#Jobs — Again lower than expectations, but a strong improvement on April’s disappointment. Restaurants added almost 1 in every 3 of the new jobs. Still 7.6 million jobs lower than before pandemic.

Gain of +559,000 non-farm payroll jobs, vs. expected gain of 671K.
Unemployment at 5.8%, down by 0.3
U6 unemployment at 10.2%, down by 0.2
Labor force participation 61.6%, down by 0.1
Average Hourly Earnings up 0.5%

March revised up by +15K to +785K
April jobs revised up by +12K to +266K

April Jobs Report

#Jobs — Way way below expectations; much lower than March’s blowout

Gain of +266,000 non-farm payroll jobs, vs. expected gain of 1M
Unemployment at 6.1%, up by 0.1
U6 unemployment at 10.4%, down by 0.3
Labor force participation 61.7%, up by 0.2

March revised down by -146K to +770K
Feb jobs revised up by +68K to +536K

March Jobs Report

#Jobs — Obliterating expectations, plus more added to Jan & Feb.

Gain of +916,000 non-farm payroll jobs, vs. expected gain of 645K
Unemployment at 6.0%, down by 0.2
U6 unemployment at 10.7%, down by 0.4
Labor force participation 61.5%, up by 0.1

Feb jobs revised up by +89K to +468K
Jan jobs revised up by +67K to +233K

February Jobs Report

#Jobs — Strongly exceeding expectations.

Gain of +379,000 non-farm payroll jobs, vs. expected gain of 210K
Unemployment at 6.2%, down by 0.1
U6 unemployment at 11.1%, unchanged
Labor force participation 61.4%, unchanged

Jan jobs revised up by +117K to +166K
Dec jobs revised down by -79K to -306K

January Jobs Report

#Jobs — Hiring resumes.

Gain of +49,000 non-farm payroll jobs, vs. expected gain of 50K
Unemployment at 6.3%, down by 0.4
U6 unemployment at 11.1%, down by 0.6
Labor force participation 61.4%, down by 0.1

Dec jobs revised down by -87K to -227K
Nov jobs revised down by -72K to +264K

December Jobs Report

#Jobs — LOSS of jobs, first time in 8 months.

Loss of -140,000 non-farm payroll jobs, vs. expected gain of 50K
Unemployment at 6.7%, unchanged
U6 unemployment at 11.7%, down by 0.3%
Labor force participation 61.5%, unchanged
Avg hourly earnings +0.8%

Nov jobs revised up by +91K to +245K
Oct jobs revised up by +44K to +654K

SPX trades

#SPX7dteLong Sold to close $SPX Jan 8th 3700/3720 call spreads for 19.70. Condors bought on Monday for 17.60. Put spreads remain as a hedge for tomorrow.

Skipping #SPX1dte for tomorrow as premium is low and #Jobs report is in the morning.

November Jobs Report

#Jobs — pace of job growth slows; gains lower than expected

Gain of +245,000 non-farm payroll jobs, vs. expected 440K gain
Unemployment at 6.7%, down by 0.2%, as expected
U6 unemployment at 12.0%, down by 0.1%
Labor force participation 61.5%, down by 0.2
Avg hourly earnings +0.3% vs +0.1% expected

Oct jobs revised down by -28K to +610K
Sept jobs revised up by +39K to +711K

SPX 7-dte

#SPX7dteLong Sold to close $SPX Dec 4th 3620/3640 call spreads for 17.75. Iron condors bought Monday for 16.45. Will look to sell put spread if we go lower. Also happy to be safely in profit before #Jobs report in the morning.

Bought to Open $SPX Dec 9th 3645/3665-3675/3695 iron condors for 15.85, with SPX at 3669.

October Jobs Report

#Jobs — higher than expected

“October’s growth brings the total payroll gains since May to around 12 million, though that still leaves unfilled about 10 million positions lost in March and April.” -CNBC

Gain of +638,000 non-farm payroll jobs, vs. expected 530K gain
Unemployment at 6.9%, down by 1.0%, vs. expected 7.7%
U6 unemployment at 12.1%, down by 0.7%
Labor force participation 61.7%, up by 0.3

Sept jobs revised up by +11K to +672K
August jobs revised up by +4K to +1.493M

Econ Calendar for week of 11/2/20

#Jobs report is Friday at 8:30am ET

Screen Shot 2020-10-30 at 10.36.00 AM
Screen Shot 2020-10-30 at 10.36.00 AM

Link to calendar: https://research.investors.com/economic-calendar/

September Jobs Report

#Jobs — below expectations

Gain of +661,000 non-farm payroll jobs, vs. expected 800K gain
Unemployment at 7.9%, down by 0.5%, vs. expected 8.2%
U6 unemployment at 12.8%, down by 1.4%
Labor force participation 61.4%, down by 0.3
Average hourly earnings up 0.1%, less than .04 increase in August

August jobs revised up by +118K to +1.49M
July jobs revised up by +27K to +1.76M

Econ calendar for week of 9/28/20

#JOBS report is Friday morning

Screen Shot 2020-09-25 at 1.03.10 PM
Screen Shot 2020-09-25 at 1.03.10 PM

Link to calendar: https://research.investors.com/economic-calendar/

August Jobs Report

#Jobs — increase meets expectation, while UE rate falls more than expected

Gain of +1,371,000 non-farm payroll jobs, vs. expected 1.32M gain
Unemployment at 8.4%, down by 1.8%, vs. expected 9.8%
U6 unemployment at 14.3%, down by 2.3%
Labor force participation 61.7%, up by 0.3
Average hourly earnings up 0.4%, up by 0.2

July jobs revised down by -29K to +1.734M
June jobs revised down by -10K to +4.781M

No trade

#SPX1dte With today’s volatility and the #Jobs Report in the morning, I’m skipping the overnight $SPX trade today.

Econ Calendar for week of 8/31/2020

#Jobs report on Friday.

Presentation2
Presentation2

Link to calendar: https://research.investors.com/economic-calendar/

July Jobs Reports

#Jobs — an increase that sightly beats expectations.

Gain of +1,763,000 non-farm payroll jobs, vs. expected 1.48M gain
Unemployment at 10.2%, down by 0.9%, vs. expected 10.6%
U6 unemployment at 16.5%, down by 1.5%
Labor force participation 61.4%, down by 0.1%
Average hourly earnings up 0.2%.

June jobs revised down by -9K
May jobs revised upward by +26K

SPX 1-dte

#SPX1dte Since we have another #Jobs report tomorrow I’m going with a #RiskReversal for the upside.

Sold to Open $SPX Aug 7th 3290/3270 put spreads
Bought to Open Aug 7th 3390/3405 call spreads
Total credit: .20

IV: 16.27%, short put ∆ -.10, long call ∆ +.05

Econ Calendar for week of 8/3/20

#Jobs report is Friday

Screen Shot 2020-07-31 at 1.06.07 PM
Screen Shot 2020-07-31 at 1.06.07 PM

Link to calendar: https://research.investors.com/economic-calendar/

June Jobs Report

#Jobs — an increase beats expectations again.

Gain of +4,800,000 non-farm payroll jobs, vs. expected 2.9M gain
Unemployment at 11.1%, down by 2.2%, vs. expected 12.4%
U6 unemployment at 18.0%, down by 3.2%
Labor force participation 61.5%, up by 0.7%
Average hourly earnings down 1.2% from May, up 5% from last June.
May jobs revised upward by +190K