A much hotter-than-expected jobs market saw 253,000 jobs created in April – much higher than the expected 180,000 economists were predicting heading into this morning’s report from the Bureau of Labor Statistics. As a result, the unemployment rate has dipped to 3.4 percent, down from 3.5 percent in March. More from the Wall Street Journal: Employers…
Topline Despite major employers continuing to cut jobs, the Labor Department’s jobs report on Friday showed an unexpected rebound in employment—coming in well above economist projections as the Federal Reserve gauges whether the economy is cooling enough to officially end its aggressive rate-hiking campaign. Federal Reserve Chairman Jerome Powell testifies during a Senate committee hearing…
Topline While layoffs are impacting some of the nation’s largest employers, the Labor Department’s February job report shows these industries added a substantial amount of new jobs in February—including leisure and hospitality, which added 105,000 jobs, nearly one-third of added jobs. The US Department of Labor Building in Washington, DC. AFP via Getty Images Key…
It’s good news for those looking for work and employers looking for employees. Today’s jobs report from the Bureau of Labor Statistics showed better-than-expected job creation for the month of February. Nonfarm payrolls far surpassed expectations, rising by 311,000 in February. The Dow Jones estimate prior to Friday’s numbers was around 225,000. On the flip…
US employers posted 10.8 million job openings in January, indicating the American job market continues to run too hot for the inflation fighters at the Federal Reserve. Job openings fell from 11.2 million in December but remained high by historical standards, the Labor Department reported Wednesday. Employers also hired more workers in January. But layoffs rose. For…
Markets have seen new themes in 2023. getty As we turned the calendars to March last week, it seems an opportune time to look at what has changed in the stock and bond markets in 2023 so far. The first change was that markets priced in peak future inflation in March 2022, and those expectations…
Migrant workers are reportedly securing more job opportunities with better pay and conditions as US employers scramble to keep their businesses humming despite historically tight labor conditions. Many business owners are “paying a premium for migrant workers” due to a shortage of available workers who are US citizens, the Wall Street Journal reported. The report…
() — Ahead of President Joe Biden’s 2023 State of the Union speech, political editor Chris Stirewalt says it would be the best possible platform to launch a re-election campaign. Being in the room watching a State of the Union address is “amazing,” Stirewalt says. “There’s applause and there’s the roadblock coverage, and everybody’s watching,”…
Boeing plans to make staffing cuts in the aerospace company’s finance and human resources departments in 2023, with a loss of around 2,000 jobs, the company said. “We expect about 2,000 reductions primarily in Finance and HR through a combination of attrition and layoffs,” Boeing said in a statement Monday. “While no one has been…
Getty Images Key takeaways The February Jobs Report showed that the U.S. economy added more jobs than projected in the previous month, with payrolls growing by 517,000 compared to an expected 185,000 Wage growth was also strong, with increases of 4.4% year-over-year Many investors fear that this job report will cause the Fed to continue…
Topline The Labor Department’s January jobs report showed the U.S. added 517,000 jobs last month as the unemployment rate reached a five-decade low—signaling the economy, and job market in particular, remains strong despite growing layoffs among technology firms that splurged on labor during the pandemic. NEW YORK, NEW YORK – A person walks by a…
The January Jobs Report dropped Friday morning with surprisingly strong numbers. 517,000 jobs were added in January, a sharp increase from the 260,000 added in December (revised up from the original 223,000 reported). The unemployment rate dropped to 3.4 percent. BREAKING: America’s employers added a robust 517,000 jobs in January, a surprisingly strong gain in…
4Q 2022 GDP Report Has Troubling Details For Future Growth Expectations getty Earnings season moved into the heart of the schedule last week, with 89 S&P 500 companies reporting. Despite the overall earnings picture deteriorating, the S&P 500 rose by almost 2.5% for the week. The better-than-expected fourth-quarter GDP growth did lift hopes that the…
A distraught businessperson wore a face mask while sitting in a hallway and waiting for job … [+] interview. getty Most journalists will go crazy saying December’s jobs report is terrific. Indeed, 223,000 jobs were added and prime-aged women (ages 35-44) are going back at work. But the unemployment rate for workers older than age…