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We already knew the economic crisis of the coronavirus pandemic was moving much faster thanour economic datacould keep up with. But themost recent jobs report, which was released today, underscores just how little we know about the current state of the job market at any given moment. In a ...
Aside from the jobs report due this morning, August data on consumer borrowing and credit-card balances will be released later today. Fed Governor Christopher Waller participates in a moderated discussion about the payments system at a Brookings Institution event. NFP The Biden administration has real...
Article: Today's Payroll Jobs Report - The 5.1 percent reported unemployment rate is inconsistent with the collapse of the labor force participation rate and stands at 5.1 percent only because it includes not a single one of the millions of discouraged w
"Today’s Fed speak hinted at a rate cut this year amid trade tensions. A weaker-than-expected jobs report would increase those odds," said Dan North, the chief economist at Euler Hermes North America. Already, Fed Chair Jerome Powell hinted that policymakers at the U.S. central bank are...
Today's ugly jobs report adds to the fears that the U.S. economy is heading towards another recession. These fears had eased a bit in recent days as a host of economic readings showed signs of positive economic momentum. The continued resilience in the w
people last year, is rising 6% after its belt-tightening strategies also helped it report better-than-expected earnings and provide an operating income outlook that surpassed estimates. The stock moves are set to add a combined $272 billion to their market values if they hold through today’s ...
“Today’s report speaks to the bumpy road ahead for the Fed’s journey back to 2% inflation,” said Andrew Patterson, senior international economist at Vanguard. “The decision of when to first cut policy rates remains one for the second half of the year in our view.” ...
It bears noting that the ADP report is not always a very good predictor of the official job statistic as released. But even if that 200,000 figure comes to pass, and even if it does portend a trend, a full recovery in labor markets would appear to be a way’s off. ...
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