Jobs Data

The Federal Reserve on Wednesday conceded its two-year error in inflation forecasting. This followed data issued by the Bureau of Labor Statistics showing the lowest inflation since March 2021, prompting the Fed to issue a "hawkish pause" on interest rates. “Fed forecasts have been wrong on...

The U.S. labor market is hot and continues to show tight conditions, posing a difficult dilemma for the Federal Reserve regarding whether to raise interest rates further or hit the pause button. Nonfarm payrolls increased by 339,000 in May, far exceeding economists' expectations of 190,000 and...

U.S. markets closed in the red on Tuesday and are expected to witness significant volatility this week as the Federal Reserve is scheduled to announce its monetary policy on Wednesday. Apart from this, employment figures from the Labor Department, as well as Apple Inc (NASDAQ:AAPL) earnings, will...

Recent economic data has prompted investors to hedge against the rising likelihood of a recession.  In February 2023, there were 9.9 million job openings, which was the lowest level since May 2021 and below market estimates of 10.4 million, suggesting that the labor market may have begun to...

Last week's economic data supported the recent declining trend in inflation, giving the Federal Reserve room to go slow on rate hikes. A dovish Fed stance is seen as necessary to help the economy navigate through the credit crunch caused by the banking crisis. Weekly jobless claims data...

U.S. stocks are priming for a negative start on Thursday after the recovery attempt in Wednesday’s session culminated in a mixed close. Traders may wait and watch Friday's job data before plotting their next moves. Cues From Wednesday’s Trading: On Wednesday, the major indices...

Nobel laureate and noted economist Paul Krugman argued that the economy is probably still running hot but what matters are market expectations about future Federal Reserve policy. The Labor Department’s monthly Job Openings and Labor Turnover Survey (JOLTS) report, released on Wednesday,...

Prominent market commentator Jim Cramer said without a "well-deserved" crash in cryptocurrency and a sign of higher unemployment acknowledged by the Federal Reserve Chair Jerome Powell, the current consumer price inflation reading has to be seen as a one-off number. Cramer’s...

Heading into a new trading week, here is a quick roundup of the top five stories from the technology, corporate and cryptocurrency sectors that investors would not want to miss out on from the weekend. 1. Elon Musk Urges Tesla Workers To Reduce Delivery Costs: Tesla Inc. (NASDAQ: TSLA) CEO Elon...

That hissing noise you hear is the air being let out of the market’s tires after an epically disappointing August jobs report. The Delta variant seems to be sinking its teeth into the economy, taking a massive bite into the jobs picture.  Job gains of 235,000 in August reported today by...

With the COVID-19 pandemic, an increase in automation, both in the service and manufacturing sector, may put workers in jeopardy across the U.S. By allowing automation in facilities, services may improve productivity and cost jobs, the New York Times reports.  Last year many sectors...

We begin the second week of June with traders focused on economic data, inflation, central bank activity, and comments from Treasury Secretary Janet Yellen over the weekend. Let’s take a market minute to get ahead of what’s to come this week. The jobs report Friday disappointed many,...

It’s an old adage that investors don’t like uncertainty. When California declares a state of emergency and the coronavirus spreads in other states, that definitely makes things feel uncertain and helps explain Thursday’s market plunge. It was another ugly, ugly day that stripped...

Private sector employment rose in August, taking its biggest jump in three months and increasing broadly across several sectors, according to the ADP National Employment Report based on private payroll data released Thursday. Non-farm private sector employment increased by 195,000 jobs from July to...

A month ago, the June Fed meeting looked like it might be a turning point. After several years of rate increases, it appeared that many investors expected Fed Chairman Jerome Powell and company to loosen the screws a bit as the economy slowed. That was then, this is now. As we head into June,...