Two jobs reports released yesterday showed the labor market remaining stubbornly robust. First, the U.S. Labor Department'sJob Openings and Labor Turnover Survey, or JOLTS. While it indicated that job openings fell in December, the absolute number's still ...
In addition, data this week showed job openings for July falling to their lowest level since January 2021. But the most influential release of the week is likely to be today’s August employment report. The prior month’s disappointing jobs release sparked fears that the Fed had waited too ...
Private payrolls increased at a faster-than-expected pace in April, indicating there are still plenty of tail winds for the U.S. labor market, according to ADP. A separate report indicated that job openings continue on the decline, falling to their lowest level since early 2021. The payrolls...
Economists are projecting job gains of 203,000, while wages are expected to rise 0.3% for the month and 4.8% on an annual basis. The ADP National Employment report on Wednesday showed that private employment increased by 242,000 jobs last month. Other data showed that U.S. job openings fe...
there are steelmaker jobs,” Daniel Mitchell, anindependentlibertarian economist, told PolitiFact. And higher input costs are also likely to be passed on to consumers, economists said. Meanwhile, U.S. producers can expect to face retaliatory tariffs, which can also raise prices for U.S. ...
Economists say quit rates are a key factor in the health of employment prospects since quitting shows that workers feel safe making a job switch within their sector or outside it entirely. The current quit rate is consistent with pre-pandemic levels after peaking at 3% in both Nov. 2021 and...
The U.S. economy is projected to have added 115,000 jobs in October, according to an LSEG poll of economists. That would be a much slower pace of job growth than in September, when 254,000 jobs were added, well above the LSEG forecast of 140,000 jobs. ...
Why it matters: Economists have long used consumer sentiment as a leading indicator for the economy, because when consumers feel better, they spend more, and vice versa. But over the last few years, there has been a split between headline economic data such as GDP growth, jobs, and income...
Some economists fear, though, that the Fed is tightening credit so aggressively that it will eventually tip the economy into recession. Job openings remain high and the pace of layoffs low, indicating that most busine...
Investor concerns about the economy increased in recent days as manufacturing data and a report on job openings came in weaker than expected. On Thursday, the monthly ADP employment report showed thatprivate payrollsgrew less than economists had expected in August, while weekly jobless clams numbers...