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Daily Scoop 9-1

Daily Scoop 9-1

👋 Your Wednesday Scoops - $10K giveaway & a week off work

September 01, 2021

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Today's Scoop:Stalled

Big Picture

Hiring momentum slowed in August.
Manufacturers gained a little more confidence in the economy.
Corporations are getting creative on new policies to encourage employee vaccinations.

The Market

⬆️

+0.03%

S&P 500: 4,524.09

1Mo:

+3%

| 1Yr:

+26%

| 5Yr:

+108%

Investors lacked enthusiasm today, with markets barely budging for the first day of September. According to ADP's private payrolls report, only 374,000 people went back to work in August instead of the 600,000 expected. We'll get the official labor report from the Labor Dept. on Friday. According to ISM's survey, manufacturers are still struggling to find workers but gained confidence in August.

Company Scoops ❤🌎💰

(Click to dig in & vote your reaction, see how others feel)

Nike

shuts down for a week

Wells Fargo

is still sketchy

Tyson's

offering $10K to the vaccinated

Morgan Stanley's

boosting pay

Google

delays the return

🤓 Inside Scoop...

There are three main reports people watch to understand trends in the labor market. The U.S. Bureau of Labor Statistics puts out the "big" monthly report that highlights the unemployment rate and jobs growth. There's also a private-sector survey from ADP and the weekly initial unemployment claims (a proxy for layoffs) report from the Labor Department.