U.S. job openings unexpectedly rose last month, but the strong labor market numbers could lead the Federal Reserve to raise interest rates again in June. It is beginning to appear that the banking-sector crisis caused by the collapse of Silicon Valley Bank in March had little effect on employers’ strong demand for workers. Fed Chairman Jerome…
Large Number of Job Openings May Lead to Rate Hike
June 1, 2023
admin
Business & Marketseconomic policieseconomyFederal ReserveinflationJOLTSMarketspersonal financePolicies & ImpactsrecessionU.S. labor marketUS
0 Comment
NTD Business (April 7): JPMorgan Discrimination Probe up for Vote; IRS Pledges More Audits of Wealthy
April 7, 2023
admin
Apple IncEpochTVIRS auditsjobs reportJPMorganLive VideosMark HamrickNTD BusinessSamsungSecurities and Exchange Commission (SEC)U.S. labor marketVideo
0 Comment
Is the U.S. labor market starting to cool? The U.S. economy added 236,000 jobs in March—lower than February numbers. An economic analyst tells us that moderation is the theme of the day. The IRS releases details on how it plans to use $80 billion in new funding for improved operations. It is pledging more audits…
One-Third of Countries Will Fall Into Recession in 2023, Rest Will ‘Feel Like Recession’: IMF
January 2, 2023
admin
Business & Marketseconomic recessioneconomyglobal economic crisisIMF - International Monetary FundinflationInternationalKristalina GeorgievarecessionU.S. labor marketUSWorld
0 Comment
Kristalina Georgieva, managing director of the International Monetary Fund (IMF), recently predicted that many nations would go into recession next year, with the United States potentially able to avoid it. The IMF is expecting 2023 to be a “tough year” for the world economy, even “tougher than the year we leave behind,” Georgieva said on…
Biggest Wage Hikes in 16 Years Expected Next Year Amid Inflation
November 18, 2022
admin
Business & Marketseconomyhigh inflationinflationreal wagessalary hiketight labor marketU.S. labor marketUSUS Newswage increase
0 Comment
Employees in the United States are expected to see a 16-year high salary hike next year as companies react to a tight labor market and inflation, according to a recent report by workplace consultant Willis Towers Watson (WTW). Pay budgets at companies have risen by 4.2 percent in 2022, stated a WTW press release on Nov. 17….
Labor Markets Likely to Stay Tight Despite Recession: Study
November 17, 2022
admin
Business & Marketseconomyhiring freezejob cutspopulation growthrecessionU.S. labor marketUSwage cuts
0 Comment
Even if an economic downturn were to materialize, labor markets will likely remain tight and companies will find it harder to hire and retain employees, according to a new joint report by Indeed and Glassdoor. “The economies of many countries could slow or even fall into recession as central banks work to lower inflation. But…
NTD Business (Nov. 2): Economist: US No Longer Has a Middle Class; Fed Signals More Rate Hikes Ahead
The Fed continues its fight against inflation—raising interest rates 75 basis points today. We talk with an American business to find out if the rate hikes are working. One of America’s big problems: a shrinking middle class. One top economist says America doesn’t even have a middle class anymore. A top Republican pushing back against President Biden….
Stocks Heading to New Lows as Inflation ‘Ain’t Over’: Bank of America
September 17, 2022
admin
american stock marketBank of AmericaBusiness & Marketseconomyhigh inflationinflationMarketsS&P 500 indexstocksU.S. labor marketUS
0 Comment
Despite falling for much of the year, the U.S. stock market might decline even further rather than recover due to elevated inflation rates, according to a note by a Bank of America (BofA) strategist. Warning that the “inflation shock ain’t over,” strategist Michael Hartnett highlighted that past bear markets show the average peak-to-trough declines of…
New York Fed Reports Fewer Americans Are Changing Jobs, a Sign That the Labor Market Is Cooling
Fewer Americans were changing jobs in July compared to the same time in 2021, a sign that the U.S. labor market is cooling, according to the Federal Reserve Bank of New York’s July 2022 SCE Labor Market Survey released on Aug. 22. The rate of employees quitting their jobs to work for a different employer fell…
US Jobless Claims Jump To Their Highest Level In 9 Months
August 11, 2022
admin
Business & Marketseconomic policieseconomyinflationpersonal financerecessionU.S. labor marketUnemployment ClaimsUS
0 Comment
Initial jobless claims in the United States rose for a second week to the highest level since Nov. 26, 2021, indicating a contraction in the labor market, according to the U.S. Labor Department on Aug. 11. Applications for unemployment claims climbed by 14,000 to 262,000 from 248,000 in the week ended Aug. 6, after being…
Majority of C-Suite Execs Thinking of Quitting, 40 Percent Overwhelmed at Work: Deloitte Survey
A majority of C-suite executives are considering leaving their jobs, according to a Deloitte survey of 2,100 employees and C-level executives from the United States, Canada, the UK, and Australia. Almost 70 percent of executives admitted that they are seriously thinking of quitting their jobs for a better opportunity that supports their well-being, according to…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`