The US Federal Reserve on Thursday slashed interest rates by 25 basis points amid cooling inflation and a weakening labor market, marking the second rate cut in this easing cycle. "Since earlier in the year, labor market con...
U.S. job seekers are split on whether the labor market will heat up or cool down in 2025, with 33% predicting a decline in jobs in their desired fields, 29% foreseeing an increase, and 38% reporting the same number of opportunities, according to a Jan. 8 report from Express Employment...
June 20, 2024By PAUL WISEMAN, AP Writer WASHINGTON (AP) — The number of Americans applying for unemployment benefits slipped last week as the U.S. labor market remained resilient. The Labor Department reported Thursday that jobless claims fell by 5,000 to 238,000 from a 10-month high of...
By PAUL WISEMAN Updated 10:17 PM GMT+8, May 1, 2024 Share WASHINGTON (AP) — U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher ...
Investors are hoping for clearer signs that the job market is loosening so the Federal Reserve can start to cut interest rates. “Developments show that the U.S. labor market isn’t losing steam, ultimately suggesting that economic activity will need a heavier hand to slow it down,” said ...
The tight labor market has made it difficult to hire. “Hotels and other small businesses are the backbone of local economies, and AAHOA Members – the vast majority of whom are first- and second-generation immigrants – are resilient. However, staffing shortages, rising interest rates, and ...
Applications for US Jobless Benefits Fall Again as Labor Market Powers On More Nam Y. Huh A "Help Wanted" sign is displayed at a restaurant in Buffalo Grove, Ill., Thursday, Jan. 18, 2024. On Thursday, Feb. 22, 2024, the Labor Department reports on the number...
The Chief Investment Office’s most up-to-date views on the investment implications of the 2024 presidential and congressional races.
economy, but investors should continue to monitor the labor market and other economic data in the coming months. The U.S. economy added 228,000 jobs in March, but the U.S. unemployment rate ticked higher to 4.2%. U.S. GDP growth dropped from 3.1% in the third quarter of 2024 to ...
However, since nominal wage growth continues to ease, she said: “Fed take note: this is not an overheating labor market.” 10:30 p.m. 11:57:28, March 8, 2024 Here's what Wall Street has to say about the jobs report Pedestrians walk along Wall Street near the New York Stock ...