Tag: labor market
AI Begins to Slow U.S. Job Market as Economy Stalls
The latest Federal Reserve Beige Book, released on Wednesday, shows that the U.S. economy remained largely unchanged even as consumer spending continued to ease...
U.S. Weekly Jobless Claims Decline as Labor Market Holds Firm
New applications for U.S. unemployment benefits fell last week, signaling that layoffs remain low even as the labor market continues to struggle with creating...
U.S. Consumer Confidence Takes a Sharp Hit in November
U.S. consumer confidence fell in November as many households grew more concerned about job security and their overall financial situation. The recently ended government...
U.S. Job Growth Strengthens in September Even as Unemployment Rises to...
U.S. job growth picked up in September, but the unemployment rate rose to 4.4%, the highest level in four years. Meanwhile, the economy lost...
U.S. Payrolls Smash Expectations, Sending the Dollar Higher
The latest Nonfarm Payrolls report shows a sharp rise in U.S. job creation, far exceeding market expectations. Employment in non-agricultural sectors increased by 119,000...
Weak Job Market Sets Stage for December Fed Rate Cut
Fed Expected to Cut Rates Again in December as Job Market Weakens
The U.S. Federal Reserve is expected to lower its key interest rate by...
Morgan Stanley: Fed December Rate Cut Now Likely
Morgan Stanley: December Fed Rate Cut Now “More Likely Than Not” Amid Mixed Labor Data
A series of private-sector economic reports released this week have...
U.S. Job Market Shaken as October Layoffs Reach 20-Year Record
U.S. Layoffs Surge to 20-Year High in October as Companies Tighten Costs and Embrace AI
U.S. employers announced more than 150,000 job cuts in October,...
Dip-Buying in Tech Sparks S&P 500 Recovery After Selloff
S&P 500 Rises as Tech Rebounds and Labor Market Shows Strength
The S&P 500 moved higher on Wednesday, rebounding from the previous session’s tech-led selloff,...
Fed Hawks Warn: Inflation Too High for More Rate Cuts
Fed Hawks Push Back on Rate Cuts, Cite High Inflation and Strong Jobs Market
Two regional Federal Reserve officials voiced sharp opposition on Friday to...
