Unemployment

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%...

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...

Editor’s note: This story has been updated with additional details. Signs of a healthy labor market emerged from the official September jobs report, as the U.S. economy added 254,000 nonfarm payroll jobs last month, reflecting a strong improvement over August's upwardly revised figure of 159...

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...

Stocks slid Monday after Federal Reserve Chairman Jerome Powell said that future interest rate cuts would depend on economic data during his appearance at the National Association of Business Economics. While Powell noted inflation is moving closer to the Fed’s 2% target and highlighted...

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...

Price pressures faced by U.S. producers eased in August, marking the slowest year-over-year increase since February in data released Thursday. The headline Producer Price Index (PPI) showed sharper-than-anticipated deceleration, while core inflation remained stable. The report mirrored the...

In the context of inflation, was the Federal Reserve late to tighten monetary policy and hike interest rates? Most would agree the answer is yes. But the Fed doesn’t have just one mandate of promoting price stability. It has a dual mandate of promoting both price stability...

In August, the Biden administration reported a drop in the unemployment rate to 4.2%, indicating that the labor market remains resilient despite weaker-than-expected employment growth. This has tempered expectations for a major Federal Reserve rate cut this month. However, rising public skepticism...