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As Trump Flames Powell For Holding Back On Rate Cuts, Economists Divided On Fed's Approach
Monday, June 9, 2025 - 5:50am | 756After a steady May jobs report that was released Friday, economists are at a crossroads about their view on the monetary policy. While some believe that the Federal Reserve should hold onto its “wait and see” stance, others affirm that the central bank can start cutting interest rates....
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Businesses Looking Past Tariff Issues? April Job Openings Beat Expectations: 'Should Give A Lift To The Market'
Wednesday, June 4, 2025 - 6:32am | 630April’s better-than-expected job openings data hinted that businesses were looking past the tariff-induced tension. However, the Bureau of Labor Statistics (BLS) called it "little changed" as analysts assessed its impact on the stock market. What Happened: Job openings rose to 7.391 million...
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Labor Department Glitch Delays Jobs Data, Ignites Conspiracy Theories
Wednesday, August 28, 2024 - 3:32pm | 472The U.S. Bureau of Labor Statistics (BLS) on Wednesday announced a recent delay in the release of crucial jobs data to a technical issue, raising concerns about the potential impact on the economy and the upcoming presidential election. What Happened: The BLS, a division of the Department of Labor...
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Jobs Data Could Be Off By 1 Million When Labor Department Revises Figures: What It Means For The Fed
Tuesday, August 20, 2024 - 5:28pm | 844An upcoming revision of official jobs data could affect the Fed's September decision on interest rates. New data to be released by the U.S. Bureau of Labor Statistics on Wednesday could have up to 1 million jobs disappearing from official payroll data, analysts say. The release will likely affect a...
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Eggs Are The Villain In July Inflation Data: Grocery Prices Edge Higher As Other Sectors Cool
Thursday, August 15, 2024 - 3:43pm | 937For those shopping for groceries, a modest 0.1% increase in the food-at-home index might seem manageable, but specific items are pricier than others. For example, data shows consumers faced a sharp 5.5% increase in egg prices, contributing to a 0.7% rise in the broader meats, poultry, fish and eggs...
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Unemployment Flashes Recession Warning Signs: Why Some Experts Say This Time Is Different
Wednesday, August 7, 2024 - 12:08pm | 650The weak July jobs report released on Aug. 2 sent the markets into a sell-off. The SPDR S&P 500 ETF Trust (NYSE:SPY) erased over 5% in a now-rare pullback before regaining ground on Tuesday and Wednesday. While recent unemployment data points to a recession, many experts say this go-around is...
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U.S. Government Efficiency Is At Its Highest In 60 Years By This Jobs Measure - But There's A Catch
Friday, July 5, 2024 - 1:10pm | 604Friday’s June jobs report sent mixed signals about the U.S. economy. While thousands of jobs were added last month, many were government jobs. The Data: The Bureau of Labor Statistics released jobs data for June on Friday. There were 206,000 nonfarm jobs created last month, 136,000 of them in...
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Fed Gov. Cook Calls For Lower Interest Rates 'At Some Point'
Tuesday, June 25, 2024 - 6:32pm | 543Federal Reserve Gov. Lisa Cook is recommending the Fed lower its interest rate, but she has not said when she thinks that should happen. The Fed has kept its federal funds rate at 5.25% to 5.50% since meeting earlier this month as part of its goal to bring the inflation rate down to 2%. It is...
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Health Care Workers Underpin US Jobs Growth In February
Friday, March 8, 2024 - 11:19am | 506The health care industry contributed more than a quarter of the 275,000 jobs created in the U.S. in February, as the industry continues to seek hospital and ambulatory care staff. Data from the Bureau of Labor Statistics, published on Friday, showed that of the 275,000 increase in payrolls in...
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If You Have This In-Demand Skill, You Could Be Making Up To $200K A Year Without A College Education
Wednesday, January 17, 2024 - 1:19pm | 490As technology rapidly advances, demand for cybersecurity continues to boom. If you have skills related to the digital security space, you could easily be making more than $100,000 per year. What To Know: According to a CNBC report, cybercrime jumped 300% since the start of the Covid-19 pandemic. As...
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December Jobs Report: Do Economists See Cooling Signals Or Steady Growth?
Friday, January 5, 2024 - 5:13pm | 698The Bureau of Labor Statistics’ December jobs report released Friday generated varied reactions from economists and financial analysts. With non-farm payrolls (NFPs) growing by 216,000 and surpassing expectations, wage growth advancing more than expected and unemployment holding steady at 3....
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Economists Weigh In On August Jobs Report, If The Fed Will Raise Rates In September
Friday, September 1, 2023 - 11:13am | 592The August jobs report released by the Bureau of Labor Statistics on Friday showed job creation outperformed expectations, but the unemployment rate edged up and wage growth moderated more than anticipated. Here's what you need to know about the report, what economists think about the data and...
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Job Market Cools, Unemployment Ticks Lower: US Adds 236K Jobs In March, Missing Economist Expectations
Friday, April 7, 2023 - 8:44am | 353The U.S. added 236,000 jobs last month, below average economist estimates of 240,000 jobs. What Happened: New data from the Bureau of Labor Statistics showed the U.S. unemployment rate is at 3.5%, below economist estimates of 3.6%. The labor participation rate continued to rise to 62.6%,...
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High Interest Rate Casualties Getting New Lease On Life After Cooler CPI Print
Thursday, November 10, 2022 - 3:12pm | 489Companies with high exposure to rising federal interest rates, which makes borrowing more expensive and causes consumers to wait until rates come down, received welcoming news on Thursday. The U.S. Bureau of Labor Statistics (BLS) reported a 7.7% year-over-year increase in the consumer...
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US Inflation Data Expected To Show 8% Increase In August: What It Means For Interest Rates
Monday, September 12, 2022 - 3:17pm | 550This week's U.S. inflation data could set the stage for a third straight 0.75% rate hike from the Federal Reserve. What To Know: The U.S. Bureau of Labor Statistics is set to release Consumer Price Index (CPI) data from August at 8:30 a.m. ET Tuesday, and the data is...