Author Archive
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New Jobs Report Suggests Rate Hike Is a Safe Bet
America's employers pulled back on hiring but still delivered another month of solid gains in June, adding 209,000 jobs in a sign that the economy's resilience is confounding the Federal Reserve's drive to slow growth and inflation, per the AP . The latest evidence of economic strength makes it all... Go to Source Author:
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Strong Jobs Numbers Put Dow in a Sour Mood
US job openings slipped in May but remained at levels high enough to illustrate that the American labor market remains resilient in the face of sharply higher interest rates. Employers posted 9.8 million job vacancies, down from 10.3 million in April, the Labor Department said Thursday. But layoffs... Go to Source Author:
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In China, 35 Is an Age to Be Feared
Forty might be the dreaded age at which you're over the hill, but take comfort: In China, 35 is apparently the age to fear. The New York Times reports on the "Curse of 35," which it calls a "widespread belief" that Chinese workers lose their appeal after 35. Age discrimination... Go to Source Author: Kate Seamons
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Jobs Report Comes in Way Stronger Than Expected
The new jobs report is out, and it shows that American employers continue to hire workers at a pace that defies expectations, reports the Wall Street Journal . More: New hires: Employers added 339,000 jobs in May, well above predictions of 190,000. Economists keep expecting to see a sharp... Go to Source Author: John Johnson
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Unemployment Hasn’t Been This Low Since 1969
America’s employers added a robust 253,000 jobs in April, evidence of a labor market that still shows surprising strength despite rising interest rates, chronically high inflation, and a banking crisis that could weaken the economy. The unemployment rate ticked down to 3.4%, matching a 54-year low from 1969,... Go to Source Author:
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New Jobs Numbers May Keep Pressure on Fed
America’s employers added a substantial 311,000 jobs in February, fewer than January’s huge gain but enough to keep pressure on the Federal Reserve to raise interest rates aggressively to fight inflation, per the AP . The number was above expectations of 208,000. Rate: The unemployment rate rose to 3.... Go to Source Author:
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Latest Jobs Report Pleases the Markets
Hiring cooled off a bit in December from the previous month, though the numbers reflect a still-strong labor market. Another part of Friday's unemployment report—on wage gains—has the stock market in a pretty good mood: Hires: Employers added 223,000 jobs in December, slightly above expectations of 200,... Go to Source Author: John Johnson
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Latest Jobs Report Pleases the Markets
Hiring cooled off a bit in December from the previous month, though the numbers reflect a still-strong labor market. Another part of Friday's unemployment report—on wage gains—has the stock market in a pretty good mood: Hires: Employers added 223,000 jobs in December, slightly above expectations of 200,... Go to Source Author: John Johnson
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Hiring Is Again Stronger Than Expected
The latest jobs report came in stronger than expected, which may not be great news for investors hoping the Fed eases up on rate increases. As the AP puts it, "the economy remains a picture of solid job growth and painful inflation." The details: New jobs: Employers added 261,000... Go to Source Author: John Johnson
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263K Jobs Added Last Month, Plus a Surprise Dip
America's employers slowed their hiring in September but still added a solid 263,000 jobs—a dose of encouraging news that may mean the Federal Reserve's drive to cool the job market and ease inflation is starting to make progress. Friday's government report showed that last month's job growth was... Go to Source Author:
