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June Jobs Report Preview: Cooling Labor Market Trends May Further Bolster Rate Cut Hopes
Wednesday, July 3, 2024 - 11:56am | 956The U.S. labor market doesn’t appear as tight and hot as a couple of months ago, with the June’s Employment Situation report likely to show an overall cooling trend from a very strong performance in May. Slated for release Friday at 8:30 a.m. ET, the official jobs report from the...
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'A Clear Downturn Is Coming': Economists Predict Job Market Shift As Unemployment Rises, Wages Decelerate
Friday, March 8, 2024 - 12:29pm | 755The headline job increase of 275,000 in February was overshadowed by sharp downward revisions to the previous months’ data, a rise in unemployment and a slowing in wage growth, according to many economists. The unemployment rate climbed to 3.9% in February, compared with 3.7% in January....
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Health Care Workers Underpin US Jobs Growth In February
Friday, March 8, 2024 - 11:19am | 506The health care industry contributed more than a quarter of the 275,000 jobs created in the U.S. in February, as the industry continues to seek hospital and ambulatory care staff. Data from the Bureau of Labor Statistics, published on Friday, showed that of the 275,000 increase in payrolls in...
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January's 'Wow' Jobs Report: 9 Economists On What's Next For Fed Rate Cuts, Stock Market
Friday, February 2, 2024 - 12:40pm | 1214U.S. January jobs report defies expectations with strong growth in payrolls and wages, raising concerns over inflation and Fed's policy decisions. The January jobs report delivered a stunning testament to the enduring strength of the U.S. labor market, surpassing even the most optimistic forecasts...
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US Economy Adds 353,000 Payrolls In January: Monster Job Growth Well Above Expectations, Destroys Fed Rate Cut Bets
Friday, February 2, 2024 - 9:40am | 403The U.S. labor market showed surprising strength in January, adding far more jobs than economists anticipated and revealing a significant increase in wage growth. The jobs report, published Friday by the Bureau of Labor Statistics, includes the following data: Non-farm payrolls increased by 353,...
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December Jobs Report: Do Economists See Cooling Signals Or Steady Growth?
Friday, January 5, 2024 - 5:13pm | 698The Bureau of Labor Statistics’ December jobs report released Friday generated varied reactions from economists and financial analysts. With non-farm payrolls (NFPs) growing by 216,000 and surpassing expectations, wage growth advancing more than expected and unemployment holding steady at 3....
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December Jobs Report Topples Expectations: Robust Payroll, Wage Growth Jeopardize Fed's March Interest Rate Cut
Friday, January 5, 2024 - 9:40am | 423The pace of job growth in December surpassed economist predictions, suggesting that the strength of the U.S. labor market was more significant than originally anticipated, further bolstering the market’s belief that the economy could successfully achieve a soft landing. According to the...
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UAW's Return To Work Pushes US Jobs Growth Higher, But Dark Clouds Hover Over Retail Sector
Friday, December 8, 2023 - 12:29pm | 711Thursday’s headline number in jobs growth — 199,000 in November, beating expectations of around 180,000 — appeared to take the shine off hopes for a raft of interest rate cuts next year. But the big number may have been flattered by thousands of workers returning to the labor force following...
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US Labor Market Softening: October Nonfarm Payrolls Decline to 150,000, Below Wall Street Estimates
Friday, November 3, 2023 - 8:34am | 191The pace of job gains weakened more than anticipated in October, indicating a shift after the robust hiring momentum observed during summer months. U.S. employers added only 150,000 new non-farm payrolls last month, marking a significant slowdown from a downwardly revised figure of 297,000 in...
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5 ETFs To Monitor When September Jobs Data Is Revealed On Friday
Thursday, October 5, 2023 - 6:02pm | 792The Bureau of Labor Statistics will release the highly-anticipated September jobs report on Friday at 8:30 a.m. ET. Among the data investors will scrutinize are the non-farm payrolls (NFPs), which serve as an indicator of the rate of new job creation during the month. This data point, along with...
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August Job Creation Tops Forecasts, But Unemployment Ticks Higher, Wage Growth Slows
Friday, September 1, 2023 - 8:36am | 586The August jobs report released by the Bureau of Labor Statistics on Friday indicated a mixed picture for the U.S. labor market, as job creation exceeded expectations, but simultaneously, the unemployment rate inched upward and wage growth moderated more than expected. Non-Farm Payrolls Exceed...
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8 Economic Indicators To Watch This Week For Clues On Fed's Next Move
Monday, August 28, 2023 - 3:06pm | 840If investors hoped that the recent Jackson Hole symposium would clarify the Fed’s direction on interest rates, it appears to have only added more ambiguity to the market. Fed Chair Jerome Powell‘s speech carried both hawkish and dovish undertones. He asserted the Fed’s...
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US Job Market Revision: 306,000 Payrolls Overcounted, Spotlight On California
Wednesday, August 23, 2023 - 10:59am | 368The Bureau of Labor Statistics has cast a sobering light on the state of the U.S. job market through its preliminary benchmark revisions to total nonfarm employment for the year leading up to March 2023. A downward revision of 306,000 payrolls has partially tempered the perception of unflagging...
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Strong Non-Farm Payrolls Ahead? Expect Aggressive Fed Rate Hikes, Macro Wiz Says
Wednesday, May 31, 2023 - 12:56pm | 525Investors are eagerly anticipating the release of the non-farm payrolls, unemployment rate and salary growth figures this Friday, which are expected to be the key economic readings of the week. Rate-sensitive assets are expected to exhibit heightened volatility in response to any...