Getty Images Key takeaways Thursday’s jobs report and unemployment report found that November’s numbers performed slightly better than expected Meanwhile, last week’s jobless claims rose roughly in li...
Tag: Unemployment
Unemployment Claims Highest Since February As Reports Of Major Layoffs Grow
Topline The number of Americans receiving unemployment payments rose to the highest level in ten months last week, signaling that the growing reports of widespread layoffs hitting a rash of technology...
BofA is selling U.S. equities rally on worries that unemployment will be ‘shocking’ in 2023
Strategists at BofA Global Research said it is time to sell the U.S. stock market rally ahead of a potential surge in the unemployment rate next year. “Bears (like us) worry unemployment in 2023 will...
BofA Says Sell Equities Rally Ahead of 2023 Unemployment Shock
(Bloomberg) — Stock investors’ optimism around a cooling labor market and a Federal Reserve pivot is overdone, according to Bank of America Corp. strategists, who recommend selling the rally ahe...
Is the IRS still processing 2020 unemployment tax refund? Yes. For many, the wait continues
Bob Dyer and likely millions of other taxpayers are still waiting for tax year 2020 refunds from the IRS. Earlier this summer, I wrote a column about Dyer, who retired as the Akron, Ohio, Beacon Journ...
Fed’s Collins expresses hope that inflation can be tamed without hitting jobs
Susan Collins, Boston Federal Reserve Source: Federal Reserve Bank of Boston Boston Federal Reserve President Susan Collins expressed confidence Friday that policymakers can tame inflation without doi...
Fed’s Waller says market has overreacted to consumer inflation data: ‘We’ve got a long, long way to go’
Federal Reserve Gov. Christopher Waller said Sunday that financial markets seem to have overreacted to the softer-than-expected October consumer price inflation data last week. “It was just one data p...
Crypto Prices Jump After US Labor Report Shows Increase in Both Jobs and Unemployment Rate
A fact-finding agency says digital asset markets spiked higher late this week following news that the US job market is showing potential signs of recovery after a consensus beat in non-farm employment...
Rise in Unemployment May Cause Pace of Interest Hikes to Slow
Employment in the United States rose by 261,000 in Oct, according to the latest data from the U.S. Bureau of Labor Statistics. This figure came in higher than estimates of 200,000-205,000, indicating...
US Unemployment Rate Rises To 3.7%
On Friday, the US Labor Department announced that the unemployment rate in the country rose to 3.7%, which is still close to 50 year low. The Federal Reserve recently increased interest rates once mor...
U.S. Unemployment Is No Longer Improving, Here’s Why That Matters
Today saw another reasonable jobs report, but unemployment could be edging up (Photo by Justin … [+] Sullivan/Getty Images) Getty Images Most definitions of U.S. unemployment moved up in October...
Labor Market Added 261,000 Jobs In October As Unemployment Climbed To 3.7%
Topline Though the unemployment rate ticked up to 3.7%, the labor market last month added a much stronger-than-expected 261,000 jobs—signaling that the labor market, which has remained one of the econ...
Payrolls surged by 261,000 in October, better than expected
Job growth was stronger than expected in October despite Federal Reserve interest rate increases aimed at slowing what is still a strong labor market. Nonfarm payrolls grew by 261,000 for the month wh...
The Fed’s Repo And Reserve Payouts Have Populists In A Bind
WASHINGTON, DC – SEPTEMBER 28: Chairman Sherrod Brown (D-OH) questions Treasury Secretary Janet … [+] Yellen and Federal Reserve Chairman Powell during a Senate Banking, Housing and Urban ...
Fed Expects High Rates to Continue, Increased Unemployment a Reality
Bitcoin’s price remained steady following the release of minutes from the Federal Reserve’s Sep. meeting, showing that the agency is unlikely to consider short-term easing of the Federal Funds Rate. T...
S&P 500 And Nasdaq Post New 2-Year Lows After Fed Signals Higher Unemployment May Be Necessary To Tame Inflation
Topline Major indexes fell for a sixth straight day and closed at their lowest level in more than two years on Wednesday, after the Federal Reserve doubled down on its aggressive interest rate hiking ...
Crypto Market Fumbles Post U.S Unemployment Data Release
7 hours ago | 2 mins read Bitcoin News Pre-market trading saw declines of more than 1% for the S&P 500. Non-farm payrolls in the United States for September came in higher than forecast. When the ...
A Better-Than-Expected Jobs Report Causes Markets To Plummet: Here’s Why
Topline Stocks tumbled Friday as investors reacted to data revealing a stronger-than-expected labor market, demonstrating the head-scratching but fundamental economic concept that many see lower unemp...
Unemployment back to 3.5%; New nonfarm payroll jobs at 17-month low
One thing is absolutely certain – the Fed will not be taking its foot off the gas. Jerome Powell will opt for an unprecedented fourth 75 bps hike during the November meeting. At the heart of the matte...
Jobs report September 2022:
Job growth fell just short of expectations in September and the unemployment rate declined despite efforts by the Federal Reserve to slow the economy, the Labor Department reported Friday. Nonfarm pay...
Unemployment Rate Fell To 3.5% In September As Labor Market Added 263,000 Jobs
Topline The unemployment rate unexpectedly fell last month as the economy added another 263,000 jobs—signaling the labor market, which has remained one of the economy’s strongest pillars during the pa...
Labor Market ‘Cracks’ Beginning To Appear As Job Cuts Surge And Unemployment Claims Unexpectedly Rise
Topline Job cuts surged in September, and unemployment claims broke a streak of improvements last week in the latest signs that the red-hot labor market may finally be cooling as a result of the Feder...
Taxes, Inequality And Unemployment Will Weigh On China After Party Congress
Russian President Vladimir Putin, left, speaks to China President Xi Jinping during the Shanghai … [+] Cooperation Organization summit last Friday. (Sergei Bobylev, Sputnik, Kremlin Pool Photo v...
Layoffs loom on the horizon, some economists say
From rising inflation to a red-hot job market and the negative gross domestic product in between, economists are divided on the health of the U.S. economy. “There has been a lot of talk recently...
Why Hispanic workers could face an outsized hit in a U.S. recession
Huntstock | Disabilityimages | Getty Images Turbulent times may be ahead for Hispanic workers, a new report from Wells Fargo found. The firm expects Latino workers to take an outsized hit if a mild re...
Stock Market Rally ‘Is Over’ As Unemployment Starts Rising And Fears Intensify
Topline Despite new data signaling the Federal Reserve’s efforts to ease rising prices may be working, investors are becoming increasingly uncertain that inflation will fall enough to avoid a re...
‘From Bambi to Godzilla.’ Strategist David Rosenberg skewers the Federal Reserve as he sees a 30% hit to home prices and the S&P 500 returning to an early 2020 low
The last time David Rosenberg shared his outlook for the U.S. stock market and the economy with MarketWatch, in late May, it was depressing enough. Rosenberg is the widely followed president and chief...