The economy survived the government shutdown — but all is not well
The economy survived the government shutdown but all is not well Source link
Read more The economy survived the government shutdown — but all is not wellTag: unemployment figures
A Strong Jobs Report Makes Big Rate Cuts Unlikely in 2024
Federal Reserve The Economy By Randall W. Forsyth Updated Dec 09, 2023, 12:13 pm EST / Original Dec 08, 2023, 6:30 pm EST Share Reprints There’s good news…
Read more A Strong Jobs Report Makes Big Rate Cuts Unlikely in 2024
The Sahm rule: What to know about the recession indicator that has Wall Street talking
That was close. After the U.S. unemployment rate climbed to 3.9% in October, stoking fears that the labor market might finally be starting to crack under the weight…
Read more The Sahm rule: What to know about the recession indicator that has Wall Street talking
U.S. stocks end higher after blockbuster September jobs report as S&P 500 snaps 4-week losing streak
U.S. stocks closed higher Friday, with the S&P 500 eking out a modest weekly gain, as investors assessed a monthly jobs report that showed both a blockbuster surge…
Read more U.S. stocks end higher after blockbuster September jobs report as S&P 500 snaps 4-week losing streak
UK Economy Shrank More Sharply Than Expected in July
By Joshua Kirby The U.K. economy contracted more than expected in July, suggesting activity is cooling in the face of monetary tightening by the Bank of England. Gross…
Read more UK Economy Shrank More Sharply Than Expected in July
Fed rate hikes can end now that U.S. job gains are the size of an economy like Australia’s, says BlackRock
The Federal Reserve can probably end its inflation fight now that the U.S. labor market is cooling after generating a historic 26 million jobs in roughly the past…
Read more Fed rate hikes can end now that U.S. job gains are the size of an economy like Australia’s, says BlackRock
Unemployment surge to 3.8% may be a summer-jobs mirage
The U.S. unemployment rate jumped to an 18-month high of 3.8% in August. Does that mean the economy is tottering and layoffs are rising from near record lows?…
Read more Unemployment surge to 3.8% may be a summer-jobs mirage
What recession? The labor market is sizzling in these states.
Not so long ago, many economists and very smart people were predicting that an economic recession would take place in the summer of 2023. In reality, the unemployment…
Read more What recession? The labor market is sizzling in these states.UK Jobless Rate Rose in Three Months to June, But Wages Kept Increasing Too
The U.K.’s jobless rate climbed a little more than expected in the three months to June, but didn’t prevent a further uptick in pay growth. The unemployment rate…
Read more UK Jobless Rate Rose in Three Months to June, But Wages Kept Increasing Too
‘The Fed will take comfort from moderating job growth’ — economists react to July’s employment report
The July jobs report on Friday showed the U.S. economy gained 187,000 jobs last month, with the unemployment rate dipping to 3.5% from 3.6%. Economists polled by The…
Read more ‘The Fed will take comfort from moderating job growth’ — economists react to July’s employment report
U.S. adds 187,000 jobs in July and points to hiring slowdown. Wages still high
The numbers: The U.S. added a more modest 187,000 new jobs in July, perhaps a sign the economy is cooling enough to drive inflation lower and even stave…
Read more U.S. adds 187,000 jobs in July and points to hiring slowdown. Wages still high
U.S. economy grows at slowest pace in 5 months. Inflation ‘sticky,’ S&P says
The numbers: The U.S. economy grew at the slowest pace in five months in July, a pair of S&P surveys showed, and pointed to weaker conditions later in…
Read more U.S. economy grows at slowest pace in 5 months. Inflation ‘sticky,’ S&P says
‘This is the best possible jobs report’ — economists react to June employment data
The June jobs report on Friday showed the U.S. economy gained 209,000 jobs last month, with the unemployment rate dipping to 3.6% from 3.7%. Economists polled by The…
Read more ‘This is the best possible jobs report’ — economists react to June employment data
Part-time work surged in June as hours cut back, U.S. jobs report says
One worrying sign emerged from June’s job markets report — there was a big pickup in the ranks of those working part-time involuntarily. According to the Labor Department,…
Read more Part-time work surged in June as hours cut back, U.S. jobs report saysEurozone Unemployment Held at Record Low in May
By Ed Frankl The eurozone’s unemployment rate held steady at a record low in May, a reflection of a persistently tight labor market and a signal that European…
Read more Eurozone Unemployment Held at Record Low in MayUK Jobless Rate Fell in Three Months to April
By Joshua Kirby The U.K.’s jobless rate fell in the three months to April, reversing previous months’ rises, while pay growth continued to edge up. The unemployment rate…
Read more UK Jobless Rate Fell in Three Months to April
U.S. jobless claims leap to nearly two-year high of 261,000
The numbers: The number of people who applied for U.S. unemployment benefits in early June jumped to a nearly two-year high of 261,000, but most of the increase…
Read more U.S. jobless claims leap to nearly two-year high of 261,000
Jobs report shows a big 339,000 gain in May. The U.S. economy is still strong.
The numbers: The U.S. added a muscular 339,000 new jobs in May, underscoring the resilience of the economy in the face of rising borrowing costs. Employment gains in…
Read more Jobs report shows a big 339,000 gain in May. The U.S. economy is still strong.
Dow gains 450 points as U.S. stocks recover after 4 days of losses
U.S. stocks recovered some ground on Friday, after four days of losses, as shares of regional banks rebounded and the main indexes received a boost from a strong…
Read more Dow gains 450 points as U.S. stocks recover after 4 days of losses
Jobs report shows strong 253,000 increase in April. U.S. labor market not cooling much
The numbers: The U.S. created a stronger-than-expected 253,000 new jobs in April and wages rose sharply, indicating there’s still lot of demand for labor even as the economy…
Read more Jobs report shows strong 253,000 increase in April. U.S. labor market not cooling much