Unemployment

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,...

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...