labor market

The November jobs report revealed a stronger-than-expected rebound in hiring, recovering from October’s weather-related disruptions. Wage growth also slightly outpaced forecasts. Nonfarm payrolls surged by 227,000 in November, a significant jump from October’s upwardly revised 36,000....

Federal Reserve Chair Jerome Powell firmly dismissed speculation Thursday over his potential resignation or removal upon Donald Trump‘s return to the White House, stating the president cannot legally fire the central banker. At the press conference following the Federal Reserve’s...

The U.S. economy experienced almost no job growth in October as the pace of employment creation slowed to its lowest level since December 2020, according to the official jobs report released Friday. This downturn likely reflects the impact of hurricane disruptions, strikes in manufacturing and...

Traders are eagerly awaiting October’s official jobs data, set for release on Friday at 8:30 a.m. ET — widely viewed as the week’s most crucial economic event. The Employment Situation report is expected to provide valuable insights into the resilience of the U.S. labor market,...

The U.S. economy grew at an annualized rate of 2.8% in the third quarter, according to official advance estimates released Wednesday. This marks a slowdown from the 3% growth recorded in the second quarter and fell short of the anticipated 3%. The Atlanta Fed's GDPNow model forecasted a 3.3%...

During an interview, Interim CEO of Chipotle Mexican Grill (NYSE:CMG), Scott Boatwright, shared insights into the company’s third-quarter performance and future strategies. What Happened: On Tuesday, before Chipotle’s third-quarter earnings call, Boatwright discussed a range of...

The U.S. labor market continues to exhibit signs of strength, with initial jobless claims falling sharply for the week ending Oct. 19. The number of individuals filing for unemployment benefits dropped more than expected, signaling a robust job market as Americans approach a presidential election...

Retail sales in September exceeded expectations, highlighting strong consumer spending and reinforcing positive signals for broader economic growth as the third quarter wrapped up. Simultaneously, the latest labor market data saw a decline in jobless claims rose during the week ending Oct. 12....

A hotter-than-expected September Consumer Price Index inflation report, combined with a surprising spike in weekly jobless claims, weighed on major stock indices in early New York trading Thursday, while sparking diverging performances among sectors. Technology and consumer discretionary stocks led...

Editor’s note: This story has been updated with additional details. The U.S. inflation rate extended its decline in September for the sixth consecutive month, though the pace was slower than economists had anticipated, and core inflation saw an unexpected rise. At the same time, the latest...

A hotter-than-expected jobs report spurred a premarket rally on Wall Street Friday, showcasing the U.S. economy’s resilience and easing concerns over an economic slowdown. The strong labor data also led traders to rethink the Federal Reserve’s aggressive rate cuts, resulting in a jump...

Data on the U.S. labor market could signal how aggressive the Federal Reserve will be when deciding if they should cut interest rates in November, after already announcing a rate cut of 50 basis points in September. The Bureau of Labor Statistics is set to release the official September jobs report...

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...

Ed Yardeni, the president of Yardeni Research, highlighted a significant issue in the labor market: a skills mismatch. This could have far-reaching implications for the economy, particularly in the context of the Federal Reserve’s current focus on unemployment. What Happened: Yardeni pointed...

The U.S. economy expanded by 3% in the second quarter, according to the third estimate released Thursday, up from the 1.4% growth seen in the first quarter and representing an no change from the government’s second estimate. This outcome continues to reflect the strength of the U.S. economy...