Why US job market has defied rising interest rates & expectations
Last year’s spike in inflation, to the highest level in four decades, was painful enough for American households. Yet the cure — much higher interest rates, to cool spending and…
job market
US job openings dip to 9.6M, lowest since 2021
U.S. job openings tumbled in March to the lowest level in two years, an early sign the Federal Reserve’s aggressive interest-rate hike campaign is beginning to cool the labor market.…
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Jan. US job openings dip, but still high at 10.8M
U.S. job openings fell less than expected in January and data for the prior month was revised higher, pointing to persistently tight labor market conditions that likely will keep the…
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Job market still hot, Dec. openings rise to 11 million
U.S. job openings unexpectedly rose in December, showing demand for labor remains strong despite higher interest rates and mounting fears of a recession, potentially keeping the Federal Reserve on its…
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Wall Street: Stocks Swing after US Strong Jobs report
Wall Street: Stocks Swing after US Strong Jobs report Newslooks- NEW YORK (AP) Stocks are swinging between small gains and losses as Wall Street works out what to make of…
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A robust June Jobs Report clouds outlook for US Economy
A robust June Jobs Report clouds outlook for US Economy Newslooks- WASHINGTON (AP) A strong hiring report for June has assuaged fears that the U.S. economy might be on the…
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US jobless claims rise but remain near a half-century low
Last year, US employers added a record 6.7 million jobs, and they’ve added an average of 560,000 more each month so far in 2022. Jobless claims rose by 18,000 to…
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Inflation reaches 40-year high, food and gas prices spiking
Core inflation increased 5.4% over the year from February to February. Americans are feeling the pain even worse due to a surge in demand as more people are becoming employed…
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This is why the Fed is moving fast on tightening credit
Federal Reserve Chair Jerome Powell announced the Fed will be raising interest rates sooner than expected, three times next year. This is because inflation is persisting unlike previous expectations which…
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Americans quit jobs in record numbers for second month
People continue to quit their jobs in record numbers, in large part due to finding better jobs as employers are desperate to find employees. Before the pandemic, about 3.6 million…
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With inflation sky high, the Fed dials back on stimulus aid
Federal Reserve Chair Jerome Powell announced that its $120 billion in monthly bond purchases will be reduced to combat inflation, which is at its highest in three decades. After that…
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