jobs

Betting markets see December’s nonfarm payrolls coming in much higher than Wall Street economists expect, creating a stark divide between traders betting on strong labor data and forecasts predicting a slowdown in hiring. In a note shared Thursday, Goldman Sachs economist Ronnie Walker...

Upwork Inc. (NASDAQ:UPWK) shares are climbing after the company reported its third-quarter results after Wednesday's closing bell. Here's a look at the key figures from the report. The Details: Upwork reported quarterly earnings of 29 cents per share, which beat the analyst consensus estimate of...

A hiring freeze in October lifted market expectations for a Federal Reserve interest rate cuts, providing relief to U.S. stocks after Thursday's decline. The U.S. economy added only 12,000 jobs in October, 211,000 fewer than in September. This marked the lowest monthly pace since December 2020 and...

With Friday’s nonfarm payroll report on the horizon, the labor market is expected to show a modest increase of 140,000 jobs, slightly down from August's 142,000. Wednesday’s ADP National Employment Report for September signaled some resilience. The private sector added 143,000 jobs, up...

The U.S. private sector added 143,000 jobs in September, surpassing expectations of 124,000 jobs and reflecting a rebound in job creation following a five-month slowdown, according to the latest ADP National Employment Report released on Wednesday. Pay growth for both job-stayers and job-changers...

Editor’s Note: This article has been updated to clarify the status of job openings in August. Economic data released Tuesday brought the latest insights for the U.S. manufacturing sector, drawing attention to how the Federal Reserve may respond to these developments. Meanwhile, U.S. job...

Last week’s jobs report sent the stock market into one of the worst weeks for Wall Street since the start of the year. While hiring appears to be weakening, the trend is going in the opposite direction for executive-level positions. That's according to data shared by headhunting firm Korn...

It is usually considered good news when businesses are hiring instead of firing, but they aren’t doing either, according to an analyst. “We’re stuck in the ‘great wait’ economy,” Callie Cox, chief marketing strategist with Ritholtz Wealth Management, wrote on X...

Friday’s lower unemployment figure is a strong indication that the Federal Reserve may cut rates by 0.25% instead of 0.50% when it meets in less than two weeks, economists say. “This is the moment we've all been waiting for and, based on the data, it looks like the Fed won't need to...

Investors anticipate the release of critical labor market data between Wednesday and Friday, heightening their expectations for aggressive rate cuts by the Federal Reserve. Expectations for a 50-basis-point rate cut at the Sept. 18 Federal Open Market Committee (FOMC) meeting slightly increased...

The U.S. Bureau of Labor Statistics (BLS) on Wednesday announced a recent delay in the release of crucial jobs data to a technical issue, raising concerns about the potential impact on the economy and the upcoming presidential election. What Happened: The BLS, a division of the Department of Labor...

An upcoming revision of official jobs data could affect the Fed's September decision on interest rates. New data to be released by the U.S. Bureau of Labor Statistics on Wednesday could have up to 1 million jobs disappearing from official payroll data, analysts say. The release will likely affect a...

Bungie has reassured the Destiny community that its commitment to the franchise remains steadfast, even as the studio undergoes significant changes. Following the recent layoffs that saw 220 employees let go, Bungie emphasized that Destiny is set to embark on another “multi-year journey,...

Upwork Inc (NASDAQ:UPWK) reported financial results for the second quarter after the market close on Wednesday. Here’s a look at the key metrics from the quarter. Q2 Revenue: $193.1 million, versus estimates of $193.04 million Q2 EPS: 17 cents, versus estimates of 23 cents Total revenue...

The rate of job creation in the U.S. private sector fell short of expectations in July, indicating a cooling in labor market conditions. Private employers in the U.S. added 122,000 jobs in the past month, the lowest since January 2024 and down from the upwardly revised 155,000 jobs in June, the ADP...