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The granddaddy of monthly economic reports is the federal reading on the employment situation. To call this a single report is deceptive. It actually has a bunch of moving parts that, on their own or as a group, can move stock and bond markets.
It's easy to think of the report in four parts. The first is non-farm payrolls, which tracks the month-over-month change in the number of jobs in the U.S. that don't involve milking cows or picking lettuce. Then comes the unemployment rate, which is the percentage of unemployed people as it relates to the total workforce.
The third component is the average hourly earnings change, which tracks how much more or less money U.S. workers are making. Finally, there's the average work week, which counts the number of hours non-farmers work.
Like most data reports, the unemployment one has its flaws. For one thing, it tracks non-farm payrolls, which means that a lot of folks who work off the land -- or, more to the point, are not currently working off the land -- are excluded. Also, if you¿re a consultant or small-business owner (a big part of the current economy), you¿re not counted. On the flip side, you can be double-counted if you hold down two jobs. That's one of the reasons why it's common to see non-farm payrolls drop (suggesting higher unemployment) but the unemployment rate shrinking (suggesting higher employment).
The impact of the Employment Situation report often depends on the mood of the markets. Take the wage component. If stock and bond traders are worried about inflation, an unexpected rise in hourly earnings suggests wage inflation and, ergo, can scare people. But, that same spike could be welcome if traders are more worried about a slowdown in consumer spending. Higher earnings mean more spending power.
Look for the employment report on the first Friday of every month at 8:30 a.m. EST.
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Friday, May 09, 2008
Reminder: ICx Technologies Schedules First Quarter Earnings Conference Call for May 13, 2008
Comtex
ARLINGTON, Va., May 09, 2008 (BUSINESS WIRE) ----ICx Technologies (Nasdaq: ICXT), a developer of advanced sensor technologies for homeland security, force protection and commercial applications, announce today plans to release its first quarter financial results on Tuesday, May 13, 2008 following the close of the market.
In connection with the earnings release, ICx will host a conference call and Webcast for investors and analysts to discuss its results for the first quarter on Tuesday, May 13, 2008, at 4:30 pm (ET).
Participants should call 888-868-9083 (United States/Canada) or 973-935-8512 (International) and request the ICx Technologies call or utilize the confirmation code 44557520. A telephonic replay will be available for anyone unable to participate in the live call. To access the replay, call 800-642-1687 (United States/Canada) or 706-645-9291 (International) and enter confirmation code 44557520. The recording will be available from 6:00 pm (ET) on Tuesday, May 13, 2008 through Tuesday, May 20, 2008 at 11:59 p.m. (ET). A live broadcast of the earnings conference call will also be available via the Internet at http://www.ICXT.com in the 'Events & Presentations' section under 'Investor Relations'. The webcast will be archived on the site for 60 days.
About ICx Technologies, Inc.
ICx Technologies is a leader in the development and integration of advanced sensor technologies for homeland security, force protection and commercial applications. Our proprietary sensors detect and identify chemical, biological, radiological, nuclear and explosive threats, and deliver superior awareness and actionable intelligence for wide-area surveillance, intrusion detection and facility security. By leveraging our unparalleled technical expertise, ICx pioneers the integration of these advanced sensors into effective security and commercial solutions.
SOURCE: ICx Technologies
ICx Technologies Media: Vicki Contavespi, 570-209-7660 vicki.contavespi@icxt.com or Investor Relations: David Burke / Jeffrey Goldberger 212-896-1258 / 212-896-1249 dburke@kcsa.com / jgoldberger@kcsa.com
Copyright Business Wire 2008
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