Unemployment

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...

Tech stocks experienced a significant rebound at the opening of Thursday's session, driven by a sharper-than-expected decline in weekly jobless claims, which eased fears of imminent recession-like conditions in the U.S. The Nasdaq 100 index, tracked through the Invesco QQQ Trust (NASDAQ:QQQ),...

Jason Furman, former Chairman of the White House Council of Economic Advisers during Barack Obama‘s tenure, dismissed fears of an imminent U.S. recession but urges the Federal Reserve to act decisively if unemployment rises. What Happened: On Thursday, Furman spoke during CNBC’s “...

New jobless claims fell last week in the U.S., showing a faster-than-expected decline and quelling fears of a U.S. ongoing economic slowdown. Continuing unemployment claims ticked higher than economists had predicted, signaling some persistence of a cooling trend in the U.S. labor market. Initial...

The weak July jobs report released on Aug. 2 sent the markets into a sell-off. The SPDR S&P 500 ETF Trust (NYSE:SPY) erased over 5% in a now-rare pullback before regaining ground on Tuesday and Wednesday. While recent unemployment data points to a recession, many experts say this go-around is...

Major United States indexes saw substantial losses on Friday after the Bureau of Labor Statistics released an especially weak jobs report. Meanwhile, a few economists speculated that the unemployment surge could be partly attributed to July’s Hurricane Beryl. July Jobs Report: Nonfarm...

Editor’s note: This story has been updated to correct a sentence to reflect that nonfarm payrolls totaled 114,000 in July, a slowdown of 65,000 from the previous month. The pace of job creation slowed in July, signaling cooling labor market conditions and strengthening the case for imminent...