Dec 05 2024 38 mins
ADP released the number of private sector jobs added in November. How many are there, and how does that compare with the estimates? The U.S. Labor Department announced the weekly initial jobless claims; what do they tell us about the job market? Also reported were the number of people unemployed for 15 weeks or longer, good or bad news? The Commerce Department reported the November trade deficit numbers. Is it expanding or contracting? A meat plant is closing, the company; which company, in which State, and how many people will be affected? Oil reacts to OPEC+'s decision to delay oil production output increases until the end of the 1st quarter in 2025, estimates of an ample supply in 2025, the continuing shaky Israel-Hezbollah ceasefire, and President-elect Trump's envoy traveling to Qatar and Israel to kick-start a Gaza ceasefire and hostage release deal.