employment

A recent poll conducted by job board Indeed.com found that political differences could lead nearly 40% of Gen Z and Millennial workers to quit their jobs. This trend is particularly noticeable in the current climate of the U.S. presidential elections. What Happened: The poll involved over 1,...

U.S. retail sales soared by 1% month-over-month in July, sharply rebounding from stagnation in June and far outpacing the anticipated 0.3%, according to preliminary estimates released Thursday. At the same time, initial jobless claims fell short of expectations last week, signaling easing concerns...

Tech stocks experienced a significant rebound at the opening of Thursday's session, driven by a sharper-than-expected decline in weekly jobless claims, which eased fears of imminent recession-like conditions in the U.S. The Nasdaq 100 index, tracked through the Invesco QQQ Trust (NASDAQ:QQQ),...

The 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...

Major United States indexes saw substantial losses on Friday after the Bureau of Labor Statistics released an especially weak jobs report. Meanwhile, a few economists speculated that the unemployment surge could be partly attributed to July’s Hurricane Beryl. July Jobs Report: Nonfarm...

Editor’s note: This story has been updated to correct a sentence to reflect that nonfarm payrolls totaled 114,000 in July, a slowdown of 65,000 from the previous month. The pace of job creation slowed in July, signaling cooling labor market conditions and strengthening the case for imminent...

Weekly jobless claims rose in the week ending July 27 to a 2024 high. Is this a signal for the state of the labor market or simply noise? The Data: The U.S. Department of Labor released its weekly jobless claims report on Thursday, returning numbers worse than expected. The figure for seasonally-...

Federal Reserve Chair Jerome Powell finally communicated Wednesday that a rate cut could arrive at the September meeting if inflation and the labor market perform as expected. The Fed opted to hold the interest rate steady at 5.25-5.5% for the eighth straight meeting in July, as widely predicted....

The rate of job creation in the U.S. private sector fell short of expectations in July, indicating a cooling in labor market conditions. Private employers in the U.S. added 122,000 jobs in the past month, the lowest since January 2024 and down from the upwardly revised 155,000 jobs in June, the ADP...

The number of job openings held steady at 8.2 million on the last business day of June, surpassing the estimated 8 million and aligning with upwardly revised May 2024 figures. This data released Tuesday kicks off a week filled with significant labor market indicators. On Wednesday, ADP will...

Stocks and ETFs gained modestly on Friday morning after the U.S. jobs report for June, which showed that both the unemployment rate, at 4.1%, and the number of unemployed people. at 6.8 million, changed little. Unemployment has risen from the 3.6% unemployment registered in June 2023, when 6...

The official June labor market report for the United States indicates mixed conditions, showing robust employment growth but a slowdown in wage increases, which may support expectations for upcoming interest rate cuts. In June, the U.S. economy added 206,000 new jobs, a reduction from the...

The pace of job creation in the U.S. private sector fell short of expectations in June, suggesting a slight easing in labor market conditions. Private employers in the U.S. added 150,000 jobs last month, a decrease from upwardly the revised 157,000 jobs in May and below the forecasted 161,000 jobs...

In 2024, the U.S. tech industry has witnessed a wave of significant layoffs, with Tesla Inc. (NASDAQ:TSLA) leading the charge with its strategic downsizing. According to CNBC, citing internal data, the electric vehicle (EV) automaker reduced its workforce by at least 14% this year. This reduction...

Economic data released Thursday morning revealed slightly higher-than-expected weekly unemployment claims, sharp contractions in housing starts and building permits, and a drop in a business outlook survey within the Philadelphia Federal Reserve District. Thursday’s Economic Releases: Key...