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Surprise Surge: May Job Openings Reach 8.14M, Beating Forecast
Tuesday, July 2, 2024 - 12:01pm | 419The number of job openings for May came in higher than expected, according to data from the U.S. Bureau of Labor Statistics. There were 8.14 million job openings in May, according to the Job Openings and Labor Turnover Survey (JOLTS) released on Tuesday. That beat market expectations of 7.9 million...
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Thanksgiving's Inflation Rate Is Way Higher Than What Government Says: These Statistics Contradict Biden's Claims
Thursday, November 23, 2023 - 12:10pm | 850As President Joe Biden celebrated his 81st birthday this week by pardoning National Thanksgiving Turkeys and cracking jokes about his age, the White House put forth a rosy picture of the nation’s grocery inflation, claiming it to be at its lowest level in more than two years. However, a...
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Friday's Jobs Number Could All But Guarantee The Federal Reserve Takes Its Foot Off The Gas On Inflation
Thursday, May 4, 2023 - 2:32pm | 661Key jobs data is due Friday, and recent numbers suggest the labor market remains tight. Here's a look at what you need to know ahead of Friday's print. Friday's Jobs Report: The Bureau of Labor Statistics is set to release the April nonfarm payrolls ...
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Jobs Report To Come In Strong On Friday: Here's Why The Stock Market Won't Like It
Thursday, January 5, 2023 - 4:28pm | 717A new jobs report will be released on Friday morning by the U.S. Bureau of Labor Statistics and investors are eagerly waiting to see the results. The state of the job market is closely tied to Fed’s decisions on raising interest rates: the strongest available policy for the agency to...
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The Federal Reserve's Preferred Inflation Data Just Cooled And Risk Assets Are Flying: What's The Fed's Next Move?
Thursday, December 1, 2022 - 10:08am | 625The SPDR S&P 500 (NYSE: SPY) is on the rise Thursday morning after the Bureau of Economic Analysis reported a 6% increase in the personal consumption expenditures price index in October. What Happened: The headline PCE came in at 6% for October, down from...
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October Inflation Number Is Incoming Thursday: How The Market Could React
Monday, November 7, 2022 - 4:43pm | 540With decades-high inflation becoming the new normal for 2022, investors are watching what the Fed's preferred inflation measure will show when October data is reported later this week. On Thursday, The Bureau of Labor Statistics will release the Consumer Price Index report for the month...
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August Inflation Runs Hot, Melting Stocks As Bears Reemerge: What Investors Need To Know
Tuesday, September 13, 2022 - 8:42am | 503The SPDR S&P 500 (NYSE: SPY) is moving lower Tuesday morning after the Labor Department reported an 8.3% year-over-year increase in the consumer price index for August, another sign that inflation may have peaked in June. What Happened: According to data from the U.S. Bureau of...
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Prices Too High? This Is Where Americans Are Turning For Relief
Wednesday, August 17, 2022 - 2:19pm | 774With inflation in the U.S. reaching historic highs, many consumers are looking for strategies to curb its impact on their monthly balances. While inflation decelerated in July to 8.5%, June’s yearly inflation rate marked the highest in more than four decades. June’s peak...
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US Producer Prices Fall For First Time In 2 Years: What Investors Need To Know
Thursday, August 11, 2022 - 10:48am | 433U.S. producer prices fell last month for the first time since early 2020 on the back of lower energy costs. What Happened: The producer price index fell 0.5% in July, the U.S. Bureau of Labor Statistics reported Thursday. Average economist estimates were calling for an...
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Unemployment Rate Reaches Lowest Level Of Pandemic: What You Need To Know
Friday, August 6, 2021 - 10:02am | 405Employment rose by almost 950,000 jobs in July and the unemployment rate dropped by 0.5%, according to Friday's Bureau of Labor Statistics report. That leaves the unemployment rate at 5.4%, the lowest it's been since the pandemic began in America in March 2020. The leisure and...
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Employment Follow: A Strong Month For The Logistics Sector
Friday, September 4, 2020 - 4:02pm | 771The employment report released Friday morning reflects a trucking and logistics sector whose employment levels are starting to reflect the hefty activity evidenced in other data points. After minor job growth in July compared to June, the number of trucking jobs in the U.S. rose by 10,000 in...
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Breaking News: Trucking Jobs Rose By 8,100 In June
Thursday, July 2, 2020 - 10:09am | 279(Correcting earlier rate of change). Trucking jobs in the U.S. rose by 8,100 jobs in June but there were 18,000 jobs less in the sector than they were in June 2019, according to the monthly employment report of the Bureau of Labor Statistics (BLS). Truck transportation jobs in June totaled 1,440...
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U.S. Policy Responses To Labor Market Distress
Monday, May 11, 2020 - 3:12pm | 1720The unemployment data tells the story of the economic damage in the United States better than any other data, and the numbers are overwhelming. In the monthly employment reports, over 20 million jobs were reported as lost in April 2020, and the unemployment rate was reported as a dismal 14.7%. This...
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Why 25 Million Americans Didn't Make The Leap To Self-Employment
Thursday, January 30, 2020 - 11:52am | 721The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. According to a Bureau of Labor Statistics report in 2016, the last year in which the agency collected data, there are over 15 million self...
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Labor Availability Job One Of DC Site Selection
Friday, February 8, 2019 - 12:30pm | 1279Soaring warehouse employment since 2012 (Image: SONAR) In 2013, Tim Mark, head of warehouse operations at WaytekWire, an electric parts distributor in Minneapolis, had a problem that today has become all too commonplace – finding a reliable labor pool to handle orders from his company...