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  • February Jobs Report Contained a Surprise

    The February jobs report was an eagerly anticipated one, and it held a surprise. Economists had not expected a repeat of January's originally reported 353,000 new jobs, with most predicting the addition of 200,000 jobs last month. But February delivered 275,000 new jobs, a number the AP... Go to Source Author: Kate Seamons

    Posted at March 9, 2024 | By : | Categories : Quick Facts | 0 Comment
  • US Employers Keep Defying Expectations

    A new report out of the Labor Department on Friday shows that American employers continue to hire at what the AP calls a "stunning" pace: Employers added 353,000 jobs in January, well above expectations of 185,000, reports the Wall Street Journal . It's also higher than the revised figure... Go to Source Author: John Johnson

    Posted at February 3, 2024 | By : | Categories : Quick Facts | 0 Comment
  • New CBO Projections Raise Hopes of a ‘Soft Landing’

    The Congressional Budget Office said Friday it expects inflation to nearly hit the Federal Reserve's 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years. The office's Current View of... Go to Source Author:

    Posted at December 16, 2023 | By : | Categories : Quick Facts | 0 Comment
  • Hiring Remains Stronger Than Expected

    The nation's employers added a solid 199,000 jobs last month and the unemployment rate fell—fresh signs that the economy could achieve an elusive "soft landing," in which inflation would return to the Federal Reserve's 2% target without causing a steep recession. Friday's report from the Labor Department showed... Go to Source Author:

    Posted at December 9, 2023 | By : | Categories : Quick Facts | 0 Comment
  • Tycoon Says 270K Aussies Need to Lose Their Jobs

    One of Australia's richest men has apologized after calling for 270,000 job losses to show workers their place. Gurner Group founder and CEO Tim Gurner, a multimillionaire real-estate tycoon, was speaking at the Australian Financial Review 's property summit on Tuesday when he said workers have become "arrogant" since... Go to Source Author: Arden Dier

    Posted at September 15, 2023 | By : | Categories : Quick Facts | 0 Comment