Higher-than-Expected Increase In Unemployment Claims Raises Alarm For Job Market
The most recent report from the Department of Labor revealed a larger-than-anticipated uptick in unemployment claims for the…
Global Economy Balances On Recovery Tightrope, Outlook Report Shows: ‘This Is Hard’
The global economy, as depicted in the June 2023's OECD Economic Outlook, is exhibiting signs of improvement — albeit with a fragile upturn and substantial downside risks.
US Services Activity Expands For Fifth Month, But Shows Softening Demand
The ISM Services PMI declined from 51.9 in April 2023 to 50.3 in May, well below market expectations of 52.2, but still indicating the fifth consecutive month of expansion in the service sector.
Hot & Cold: Who’s Hiring The Most/Least Right Now – What Was Their Market Performance?
The latest U.S. labor market report showed a remarkable rise in nonfarm payrolls in May, with a surprising gain of 339,000, marking the strongest pace of employment growth since January 2023.
Which Stocks Are Responding To The Strong Jobs Report? 10 Top Movers
The U.S. labor market is sizzling, surpassing all forecasts in May and posting its strongest performance in recent…
US Labor Market On Fire: May Jobs Data Reveals Employment Boom, Steady Wage Growth, Putting The Fed On The Fence
The U.S. labor market is hot and continues to show tight conditions, posing a difficult dilemma for the Federal Reserve regarding whether to raise interest rates further or hit the pause button.
Booming ADP Employment, Stable Unemployment Claims Set Stage For Friday’s Key May Jobs Report
The American labor market continues to demonstrate its strength, with the ADP reporting Thursday a notable and better-than-expected surge in private employment in May.
Concurrently, the Department of Labor signaled a lower-than-anticipated rise in unemployment claims last week, further reinforcing healthy conditions in the job market.
IMF Anticipates ‘Persistent Inflation Problem’ For US, Interest Rates To Stay At 5.5% Until 2024
The International Monetary Fund says the U.S. economy won't escape the challenge of persistent inflation if the job market does not soften and monetary policy does not stay tight for an extended period of time. On Friday, the U.S.
Manufacturing Crashes Further While Services Boom: What You Need To Know About Latest US PMI Data
The latest Purchasing Managers' Index (PMI) survey from S&P Global showed Tuesday that business activity in the United States reached its highest level in 13 months in May, rising to 54.5 and indicating expansion, although the gap between manufacturing and services continues to widen.
Powell Says Credit Crunch Could Mitigate Need For Higher Rate, Bernanke Emphasizes ‘It’s Different Than 2008’
Current Fed Chair Jerome Powell and former Fed Chair Ben Bernanke both appeared at the Thomas Laubach Research Conference on Friday, offering monetary policy remarks.