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Tag Archives: labor department

July 11 Morning Report: GovCon Index Posts Gain as June Jobs Report Exceeds Expectations

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Executive Mosaic’s GovCon Index closed Friday with a 1.579-percent gain to 80.813 and ended the week up 1.342 percent. Lockheed Martin (NYSE: LMT), Raytheon (NYSE: RTN), Huntington Ingalls Industries (NYSE: HII), Honeywell International (NYSE: HON) and Vectrus (NYSE: VEC) reached 52-week highs in Friday intraday trade. Friday’s performance comes as the Labor Department reports that non-farm …

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July 8 Market Close: GovCon Index Breaks 80 on June Labor Data Beat, 5 Stocks Hit 52-Week Highs

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Executive Mosaic’s GovCon Index broke the 80-point barrier Friday for the first time in a month as the S&P 500 composite index briefly traded above a new record close in afternoon activity after the June jobs report soared past economists’ expectations. The GovCon Index closed up 1.579 percent to 80.813 and …

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Labor Dept Taps Booz Allen For $74M Shared Service Transition Support Task Order

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The Labor Department plans to award a $74.2 million task order to Booz Allen Hamilton (NYSE: BAH) through the General Services Administration’s IT schedule to support DoL’s transition efforts to a shared service provider for financial management services, Federal News Radio reported Tuesday. Jason Miller writes that a DoL will contract directly with Booz Allen to help …

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June 6 Morning Report: GovCon Index Posts Narrow Friday Gain on May Jobs Data

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The GovCon Index closed Friday with a narrow gain of 0.091 points to 79.018 for its third consecutive week in positive territory as the Labor Department reported May jobs data below expectations. According to CNBC, analysts have also indicated that the Federal Reserve could implement a 54-percent increase in the interest rate as …

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May 4 Market Close: GovCon Index Down as Job Estimates Weigh on US Markets

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The GovCon Index slid for a second consecutive session Wednesday by 0.498 points to 75.867 as U.S. financial markets entered sell-off mode on new data that showed a slowdown in hiring for the month of April. Harris Corp. (NYSE: HRS) extended its stretch of declines into a second straight day after the communications …

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Former ICF SVP Dave Cogar Joins DRT Strategies as President; Susan Kidd Comments

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Virginia-based management consulting company DRT Strategies has appointed Dave Cogar as its new president. Cogar joined the company in February and has brought more than 25 years of experience as a P&L executive in line with CEO Susan Kidd’s goals to recruit and position senior leaders to support the company’s growth strategy, DRT said …

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March 3 Market Close: GovCon Index Extends Climb Ahead of Jobs Report

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The GovCon Index held steady in positive territory throughout the trading session Thursday to close at a gain of 0.487 points to 73.711 as U.S. markets anticipated Friday’s jobs report from the Labor Department. Investors also looked at data that showed weekly jobless claims at 278,000 and factory orders climbed 1.6 percent in January …

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February 8 Morning Report: GovCon Index Returns to Correction; Jobs Report Boosts US Dollar

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The GovCon Index closed Friday with a loss of 1.349 percent to 70.204 to go back to correction. The Index also posted a 2.15-percent weekly decline on continued U.S. market volatility and mixed earnings reports from some listed government services companies. Bloomberg reported that the U.S. dollar strengthened after a report from the …

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February 5 Market Close: GovCon Index Tumbles 1%, S&P Down 2% on Tech Losses & Jobs Data

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The GovCon Index tumbled back into a correction Friday at a decline of 1.349 percent to 70.204 as U.S. investors reacted to the latest jobs report with a view toward whether the Federal Reserve would raise interest rates again this year. For the week, the Index posted a decline of …

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February 4 Market Close: GovCon Index Narrowly Exits Correction on CACI Guidance Lift, Cubic & Maximus 1Q Misses Weigh

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The GovCon Index held in positive territory in choppy trade Thursday with a nominal gain of 0.109 points to 71.005 held up large jumps in the share prices of government services contractor CACI International (NYSE: CACI), satellite provider Intelsat (NYSE: I) and armored truck maker Navistar International (NYSE: NAV). With …

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