More than half a million jobs added in the U.S. last month, beating estimates. How could this affect the Federal Reserve’s decision on interest rates? Gas stoves have joined the culture wars: Two senators from different parties team up to write The Gas Stove Protection and Freedom Act. They want to ban a government ban on gas stoves. Twitter, now sharing…
LIVE NOW: NTD Business (Feb. 3): Bipartisan Bill Introduced to Keep Gas Stoves; Twitter to Share Ad Revenue With Creators
NTD Business (Feb. 3): Bipartisan Bill Introduced to Keep Gas Stoves; Twitter to Share Ad Revenue With Creators
More than half a million jobs were added in the United States last month, beating estimates. How could this affect the Federal Reserve’s decision on interest rates? Gas stoves have joined the culture wars: Two senators from different parties are teaming up to write The Gas Stove Protection and Freedom Act. They want to ban…
NTD Business (Jan. 6): US Added 223,000 Jobs in December; New Auto Sales Lowest in a Decade
The new jobs report released Friday shows the U.S. economy added 223,000 jobs. An economist tells us this report is exactly what the Fed wants to see. New auto sales are at their lowest in a decade. Why? And how does the future look for car prices? Over 200 million Twitter users have had their private…
December Jobs Prints Well, but …
January 6, 2023
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Business & MarketsBusiness ColumnistsFederal Open Market Committee (FOMC)jobs reportOpinionViewpoints
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Commentary The December jobs report showed that the economy added 223,000 new jobs, somewhat better than the consensus estimate of 203,000 jobs. This morning’s print is 33,000 fewer jobs than were created in November 2022 and 384,000 fewer jobs than were created in the COVID recovery period of December 2021. Net revisions for October and November resulted in 28,000 fewer jobs in the last three…
NTD Business (Dec. 2): US Economy Added 263K Jobs in Nov.; Tesla Unveils New Heavy-Duty Semi Trucks
President Biden signs a bill to avoid a nationwide rail strike. It means train commuters and products will stay on track next week. New jobs report released today; 263,000 jobs added, beating expectations. Does a strong labor market mean upwards inflationary pressure? We have analysis. Electric carmaker Tesla unveils its new heavy-duty semi trucks. Elon…
NTD Business (Dec. 2): US Economy Added 263,000 Jobs in Nov.; Tesla Unveils New Heavy-Duty Semi Trucks
President Joe Biden signs a bill to avoid a nationwide rail strike. It means train commuters and products will stay on track next week. The new jobs report was released; 263,000 jobs were added, beating expectations. Does a strong labor market mean upwards inflationary pressure? We have analysis. Electric carmaker Tesla unveils its new heavy-duty…
Forecast-Beating Jobs Report Boosts Investor Bets on Bigger Fed Rate Hikes
Friday’s stronger-than-expected jobs report bolstered investor bets that the Federal Reserve would tighten monetary settings more aggressively to quash inflation by delivering a bigger rate hike at its next meeting and taking rates higher overall before hitting pause. Government data released on Dec. 2 showed that the U.S. economy added 263,000 new jobs in November,…
ADP Jobs Report Below Expectations, as Employers Added 127,000 Positions in November
December 1, 2022
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ADP National Employment ReportBusiness & Marketseconomyinflationjobs reportrecessionU.S. unemployment rateUS
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Private sector employment grew in the United States at a slower pace than expected in November, according to the recent ADP National Employment Report. In total, the private sector added 127,000 jobs this month, up 7.6 percent year over year, according to an ADP press release on Nov. 30. This is the smallest job creation number since…
NTD Business (Nov. 4): Can Musk Save Twitter? Card Holders to Pay $5B More in Interest w/ Rate Hikes
Elon Musk is on a mission to save Twitter. The unprofitable company has lost money in 10 of the past 12 years. What stands in his way? It seems like the U.S. labor market is not getting the memo from the Federal Reserve. The new jobs report still shows a robust jobs market. The Fed’s latest…
Essential and Nonessential Workers: Reshuffled!
November 4, 2022
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AnalysisBusiness & MarketsBusiness ColumnistsElon Muskessential workersjobs reportnonessential workersOpinionTwitterU.S. economy
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Commentary It’s finally happening: Elon is bringing economic rationality to Twitter, the company he just took over under very high pressure to amp up cash flow in the midst of a stagflationary environment. It’s no easy task but it certainly begins with cost cutting. First on the chopping block: the labor pool itself. Half the…
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