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Unexpectedly Strong Jobs Report Sends Shockwaves Through Wall Street, Triggering Market Sell-Off
Saturday, January 11, 2025 - 5:00pm | 619Wall Street’s positive outlook for 2025 has been disrupted by a robust jobs report. The unexpected data has triggered a market sell-off and sparked concerns of a challenging year ahead. What Happened: Traders have interpreted the rising strength of the U.S. labor market negatively. The fear...
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Obama-Era Economic Advisor Dismisses Recession Fears But Urges Federal Reserve To 'Act In A Very Strong And Decisive Way' If Unemployment Rises
Thursday, August 8, 2024 - 10:07am | 558Jason Furman, former Chairman of the White House Council of Economic Advisers during Barack Obama‘s tenure, dismissed fears of an imminent U.S. recession but urges the Federal Reserve to act decisively if unemployment rises. What Happened: On Thursday, Furman spoke during CNBC’s “...
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Soft US Jobs Data Could Trigger Stock Selloff, BofA Strategist Warns
Friday, May 3, 2024 - 8:13am | 608In the wake of recent economic data, Bank of America strategist Michael Hartnett has warned that a disappointing jobs report could indicate stagflation, thereby increasing the risk of a stock market selloff. What Happened: Hartnett suggested that the current U.S. economic data points towards a...
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August Job Creation Tops Forecasts, But Unemployment Ticks Higher, Wage Growth Slows
Friday, September 1, 2023 - 8:36am | 586The August jobs report released by the Bureau of Labor Statistics on Friday indicated a mixed picture for the U.S. labor market, as job creation exceeded expectations, but simultaneously, the unemployment rate inched upward and wage growth moderated more than expected. Non-Farm Payrolls Exceed...
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5 Top Economists React To July's Job Data: Insights On Labor Market Slowdown And Its Impact On Fed Policy
Friday, August 4, 2023 - 1:02pm | 734The July performance of the U.S. labor market has caught the attention of economists as they evaluate its implications for the Federal Reserve’s future actions. Non-farm payrolls showed a gain of 187,000 jobs in July, falling short of the expected 200,000, while June’s figure was...
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Hot On The Market: 5 ETFs In The Spotlight As Key Jobs Data Unfolds This Week
Tuesday, August 1, 2023 - 4:27pm | 756The July labor market report takes center stage this week. Investors and markets brace for significant economic releases that will influence future Federal Reserve rate decisions. Tuesday provided a glimpse at a decrease in the number of job vacancies throughout June. Wednesday’s ADP...
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Labor Market Stays Tight: April Jobs Report Reveals Growth In Nonfarm Payrolls, Wages
Friday, May 5, 2023 - 8:45am | 464The April U.S. jobs report showed a 253,000 rise in nonfarm payrolls, up from a downwardly revised 165,000 the previous month and far above the market consensus estimate of 180,000, the Bureau of Labor Statistics reported Friday. The unemployment rate ticked down from 3.5% to 3.4%,...
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Job Market Finishes Strong, Capping An Impressive Year Of Hiring
Friday, January 4, 2019 - 2:36pm | 1142The U.S economy added over 300,000 jobs in December, marking the best monthly performance since February and capping the strongest year of hiring since 2015. The strength in job growth in December did not translate to the transportation and logistics sector, however, which was weighed down by job...
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September Jobs Report: Party Like It's 1969?
Friday, October 5, 2018 - 3:37pm | 757Every month, the Department of Labor releases data pertaining to the unemployment rate, wage rates and the overall status of the economy. Despite poor headline numbers, TD Ameritrade chief market strategist JJ Kinahan said the economy is showing innate strength. “What [the report] does...