Unemployment

As the minutes of the Federal Reserve’s June meeting were released on Wednesday, the word “uncertainty” reigned supreme amid the ongoing tariff turmoil and President Donald Trump‘s call to cut rates by 3 percentage points. What Happened: The words “uncertain” and...

Experts have been debating the artificial intelligence-driven impact on employment with contradicting views. While market veteran like Jim Cramer thinks that “AI is still not trusted,” others see trouble brewing in the labor market due to the automation of several human-led jobs. What...

As artificial intelligence (AI) accelerates job displacement, economist Craig Shapiro warns that the Federal Reserve's traditional tool of interest rate cuts is ill-equipped to address the looming labor crisis. What Happened: In an X post and a detailed Substack essay published today, Shapiro...

A growing chorus of economists is sounding the alarm that stagflation — a toxic mix of sluggish growth, rising unemployment, and persistent inflation — is no longer a distant threat but the most probable path for the U.S. economy. Reacting to the May Federal Open Market Committee meeting and Chair...

Financial markets are currently pricing in a significant and rapid cycle of interest rate cuts by the Federal Reserve starting as early as July, according to the CME data. However, this expectation stands in stark contrast with the prevailing short-term rate market data, which suggests a different...

Experts are predicting that President Donald Trump‘s trade policy could lead to significant supply chain disruptions, resulting in increased product prices and potential shortages in the coming weeks. What Happened: Supply chain researchers, shipping insiders, and logistics specialists...

Economist Craig Shapiro has said that the Federal Reserve has been “gaslighting the public,” after the President of the Federal Reserve Bank of Richmond, Tom Barkin said Thursday that inflation is not “de-anchored”. What Happened: Barkin, while speaking to the reporters...

Editor’s note: This story has been updated with additional details. U.S. employment growth lost steam in January, with job growth coming in well below expectations and marking a significant slowdown from the previous month. Nonfarm payrolls rose by 143,000 in January 2025, marking a sharp...

U.S. retail sales edged higher in December, showing that consumers kept spending through the holiday season, but the increase wasn't as strong as economists had hoped. At the same time, an unexpected rise in weekly jobless claims hinted at a cooling labor market. Retail and food services sales rose...

The December jobs report jolted financial markets during early Friday trading. Stronger-than-expected employment growth and a drop in the unemployment rate to 4.1% raised fears the Federal Reserve may hold off on cutting interest rates for most of 2025. December Jobs Report Fuels Fed Hawkishness:...

The labor market ended 2024 on a strong note, adding 256,000 jobs in December, exceeding economist forecasts and showcasing once again the resilience of the U.S. economy. Nonfarm payrolls rose by 256,000 last month, up from the downwardly revised 212,000 in November and sharply surpassing...

Economists expect December’s non-farm payrolls to soften as compared to November in Friday’s official monthly jobs report, to be released by the Bureau of Labor Statistics at 8:30 a.m. ET. What Happened: December’s job report will be “the first clean monthly employment...

Private employers added 122,000 new jobs in December, marking a slowdown from November's 146,000 and falling short of expectations. With hiring contracting in key industries like manufacturing, the labor market appears to be losing steam heading into 2025. In a report published Wednesday, Automatic...

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,...