Unemployment

The U.S. Treasury market rallied sharply on Friday after August labor data showed weaker-than-expected job growth, bolstering bets on Federal Reserve interest rate cuts. The U.S. economy added 142,000 nonfarm payrolls last month, an increase from 89,000 in July but missing the expected increase to...

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...

Wall Street breathed a sigh of relief Friday after the August jobs report signaled economic resilience, calming recession fears that had escalated following weak labor data in July and earlier this week. The U.S. economy added 142,000 nonfarm payrolls in August, up from the previous month's...

Signs of a cooling U.S. labor market eased in the government's Friday August jobs report, tempering recession fears that had intensified in July and earlier this week. In August, the U.S. economy added 142,000 nonfarm payrolls, signaling a sharp improvement from July’s downwardly revised 89,...

The August payroll report from ADP Thursday is tipping odds toward a 0.5% rate cut by the Federal Reserve two weeks from now, according to economists. The report said 99,000 jobs were added in August — down from 140,000 expected — and reflects the fifth straight month of slowing private payroll...

Lower-than-expected private employment growth in August triggered positive reactions Thursday in interest rate-sensitive assets like gold and the Japanese yen, while pushing Treasury yields lower as traders bolster their bets on a 50-basis-point rate cut by the Federal Reserve this month. U.S....

Private sector job growth cooled August compared to the previous month and came in at a substantially slower pace than economists estimated. U.S. private employers added 99,000 jobs in August, a decline from the downwardly revised 111,000 in July, and falling short of the anticipated 140,000. The...

The August jobs report is the week's most anticipated economic release as investors closely watch for signs of a rebound in the U.S. labor market following the recession-like figures seen in July. The Employment Situation report for July revealed a significant slowdown in job creation, with total...

Employment vacancies in the United States dropped sharply in July, hitting the lowest level in over three years and signaling a significant cooling in the labor market. Job openings fell to 7.673 million in July, down from a downwardly revised 7.91 million in June, according to the latest official...

As the cost of living continues to rise in the U.S., an increasing number of Americans are taking on multiple jobs to make ends meet. What Happened: Individuals are finding it necessary to supplement their income with additional work, some spending almost 60 hours every week working, including...

Thursday’s revised gross domestic product figure was a clear indication the U.S. economy is faring pretty well, according to an economist. “The GDP revisions show the U.S. economy was in good shape in mid-2024,” Bill Adams, chief economist for Comerica Bank, said Thursday. “...

The U.S. dollar, oil prices and tech stocks surged Thursday following an upward revision of the second-quarter real gross domestic product growth to 3%, signaling the continued strength of the U.S. economy. More defensive assets like bonds and the Japanese yen fell as expectations for interest rate...

Editor’s note: This story has been updated to correct the consumer spending figure from the second-quarter GDP report and to state that weekly jobless claims saw an improvement, rather than a cooling in labor market conditions. The U.S. economy expanded by a robust 3% in the second quarter,...

Editor’s note: This story has been updated to correct a reference to January 2025 in comments from Comerica Bank’s chief economist. The Federal Reserve has every reason to cut interest rates at its next meeting in September since the U.S. revised its jobs report, according to...

U.S. retail sales soared by 1% month-over-month in July, sharply rebounding from stagnation in June and far outpacing the anticipated 0.3%, according to preliminary estimates released Thursday. At the same time, initial jobless claims fell short of expectations last week, signaling easing concerns...