by Calculated Risk on 7/27/2014 08:36:00 PM

A quick note on employment ... Party like it's 1999?

Here is a table of the annual change in total nonfarm and private sector payrolls jobs since 1999.  The last three years have been near the best since 1999 (2005 was the best year for total nonfarm, and 2011 the best for private jobs).

It is possible that 2014 will be the best year since 1999 for both total nonfarm and private sector employment.

Change in Payroll Jobs per Year (000s)
	Total, Nonfarm	Private
1999	3,177	2,716
2000	1,946	1,682
2001	-1,735	-2,286
2002	-508	-741
2003	105	147
2004	2,033	1,886
2005	2,506	2,320
2006	2,085	1,876
2007	1,140	852
2008	-3,576	-3,756
2009	-5,087	-5,013
2010	1,058	1,277
2011	2,083	2,400
2012	2,236	2,294
2013	2,331	2,365
20141	2,770	2,662
1 2014 is current pace annualized (through June).

Monday:
• At 10:00 AM ET, the Pending Home Sales Index for June. The consensus is for a 0.3% increase in the index.

• At 10:30 AM, the Dallas Fed Manufacturing Survey for July. This is the last of the regional Fed manufacturing surveys for July.

• During the day, the 2014 Social Security Trustees Report

Weekend:
• FOMC Preview: More Tapering

• Schedule for Week of July 27th

From CNBC: Pre-Market Data and Bloomberg futures: the S&P futures are down 4 and DOW futures are down 29 (fair value).

Oil prices were mixed over the last week with WTI futures at $101.75 per barrel and Brent at $108.20 per barrel.

Below is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are around $3.52 per gallon (down more than a dime from a year ago).  If you click on "show crude oil prices", the graph displays oil prices for WTI, not Brent; gasoline prices in most of the U.S. are impacted more by Brent prices.

Orange County Historical Gas Price Charts Provided by GasBuddy.com