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Stockreport

Mohamed El-Erian says 'Goldilocks' U.S. jobs report will please Fed, markets [Financial Post (Toronto, Ontario, Canada)]

Apple Inc. (AAPL)  More Company Research Source: Financial Post
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
A cooling of the labour market should provide welcome relief for the Federal Reserve as it looks to ease the United States economy into a soft landing, Mohamed El-Erian said after the release of April U.S. jobs data. “A Goldilocks report that will please the Fed and please the markets,” El-Erian, the president of Queens' College, Cambridge, and a Bloomberg Opinion columnist, told Bloomberg Television on Friday. Article content Article content The data showed that employers dialed back the pace of job creation in April, with a reading of non-farm payrolls climbing 175,000 last month versus the 240,000 forecast by economists. The unemployment rate rose to 3.9 per cent, while a snapshot of monthly wage growth slipped to 0.2 per cent from March. “I'm not particularly surprised on the miss on job creation, because we have been running at very high levels for the year,” El-Erian said. “I'm a little surprised on the wage, the 0.2 per cent, that is the one that surprises me. That's [Read more]

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Stockreport

Mohamed El-Erian says 'Goldilocks' U.S. jobs report will please Fed, markets [Financial Post (Toronto, Ontario, Canada)]

Apple Inc.  (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
A cooling of the labour market should provide welcome relief for the Federal Reserve as it looks to ease the United States economy into a soft landing, Mohamed El-Erian said after the release of April U.S. jobs data. “A Goldilocks report that will please the Fed and please the markets,” El-Erian, the president of Queens' College, Cambridge, and a Bloomberg Opinion columnist, told Bloomberg Television on Friday. Article content Article content The data showed that employers dialed back the pace of job creation in April, with a reading of non-farm payrolls climbing 175,000 last month versus the 240,000 forecast by economists. The unemployment rate rose to 3.9 per cent, while a snapshot of monthly wage growth slipped to 0.2 per cent from March. “I'm not particularly surprised on the miss on job creation, because we have been running at very high levels for the year,” El-Erian said. “I'm a little surprised on the wage, the 0.2 per cent, that is the one that surprises me. That's [Read more]

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AAPL
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Price Change %
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Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
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SINCE EVENT
Multi-day stock performance from the time of the news release
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VWAP
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MAX UP
High:
Low:
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Low:
%
POST NEWS RANGE
%
PRICE CHANGE

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%

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%

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TICKS

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