While the newly released employment report beat forecasts in terms of sheer job creation numbers, and prompted a victory lap by President Joe Biden, some experts say it’s a “mixed bag,” with the unemployment rate rising and prime working age employment falling, and others saying the Federal Reserve is likely to find much of the…
October’s Jobs Report Is a ‘Mixed Bag’
November 4, 2022
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What Friday’s Jobs Report Means for Fed’s Inflation Fight
WASHINGTON—For most Americans, Friday’s September jobs report was welcome news: Businesses kept hiring at a brisk pace, unemployment fell back to a half-century low and average pay rose. Yet for the Federal Reserve, the jobs figures highlight how little progress they’re making in their fight against inflation. With the Fed more likely to keep raising…
Solid Jobs Report: More 0.75% Rate Hikes?; UK Drills for More Oil Amid Energy Crisis | NTD Business
A lower number of jobs added in September than August. Does the new jobs report show signs of a recession coming? We have analysis. President Biden denies a Wall Street Journal report that he wants to ease sanctions on Venezuela in order to purchase oil from the country. What are the potential dangers of doing…
Solid Jobs Report: More 0.75 Percent Rate Hikes?; UK Drills for More Oil Amid Energy Crisis | NTD Business
A lower number of jobs were added in September than in August. Does the new jobs report show signs of a recession coming? We have analysis. President Joe Biden denies a Wall Street Journal report that he wants to ease sanctions on Venezuela in order to purchase oil from the country. What are the potential…
‘Recession and a Pay Cut’: GOP Blasts Slowing Job Growth, Sub-Zero Real Wages Under Biden
The GOP and the Republican National Committee (RNC) have sharply criticized the Biden administration for the drop in American workers’ real wages and the lackluster job creation numbers revealed in Friday’s closely-watched non-farm payrolls report, which showed September’s job growth to be the slowest all year. Labor Department data released on Oct. 7 showed that…
‘Recession and a Pay Cut’: RNC Blasts Slowing Job Growth, Sub-Zero Real Wages Under Biden
The GOP and the Republican National Committee (RNC) have sharply criticized the Biden administration for the drop in American workers’ real wages and the lackluster job creation numbers revealed in Friday’s closely-watched non-farm payrolls report, which showed September’s job growth to be the slowest all year. Labor Department data released on Oct. 7 showed that…
Labor Economist: Job Market Remains Tight; Twitter Laying Off 1/3 of Its Talent Team | NTD Business
Twitter is laying off a third of its recruiting team after saying it was just going to pause hiring. Why is it cutting jobs now? The United States adds more jobs than expected in June despite recession fears. Which sectors did well? And what’s the outlook for the economy? German renters are bracing for a cold…
Musk Has ‘Bad Feeling’ About Economy: Report; US Added 390,000 Jobs in May | NTD Business
Tesla CEO Elon Musk is calling to lay off 10 percent of the company’s workers, saying he has a bad feeling about the economy. The May jobs report is out. The United States added 390,000 jobs, but we’re still not back to pre-pandemic levels. LeBron James is now a billionaire, according to Forbes. We take a…
US Economy Added 390,000 Jobs in May as Employment Still Below Pre-Crisis Level
The U.S. economy added 390,000 jobs in May, topping the market estimate of 328,000. According to data from the Bureau of Labor Statistics (BLS), the unemployment rate remained unchanged at 3.6 percent. Average hourly earnings edged up 0.3 percent month-over-month, while annualized hourly early earnings increased by 5.2 percent. Average weekly hours stayed the same…
US Added 390,000 Jobs in May as Employment Growth Slows to 13 Month Low
The U.S. economy added 390,000 jobs in May, topping the market estimate of 328,000. According to data from the Bureau of Labor Statistics (BLS), the unemployment rate remained unchanged at 3.6 percent. Average hourly earnings edged up 0.3 percent month-over-month, while annualized hourly early earnings increased by 5.2 percent. Average weekly hours stayed the same…
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