WRAPUP 2-U.S. labor market stabilizing as layoffs abate [Reuters]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: Reuters
U.S. labor market stabilizing as layoffs abate WASHINGTON (Reuters) - U.S. private payrolls fell less than expected in May, suggesting layoffs were abating as businesses reopen, though the overall economy’s recovery from the COVID-19 pandemic will be slow. Signs are growing that the economic slump is nearing a bottom, with other data on Wednesday showing activity in the vast services sector pushing off an 11-year low in May. Getting the economy back to pre-COVID-19 levels could take years unless businesses boost spending after cutting back for four straight quarters. Factory orders suffered a record drop in April. “The road ahead is fraught with significant downside risks,” said Oren Klachkin, lead U.S. economist at Oxford Economics in New York. “Severe demand destruction, supply chain disruptions, tighter financial conditions, and concerns of a second wave of coronavirus contagion minimize chances of a strong rebound.” The ADP National Employment Report showed private employers laid
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JPM
Earnings
- 4/12/24 - Beat
JPM
Sec Filings
- 4/23/24 - Form 424B2
- 4/23/24 - Form 424B2
- 4/23/24 - Form FWP
- JPM's page on the SEC website