Federal Reserve Chair Jerome Powell offered an explicit endorsement of interest rate cuts, saying further cooling in the job market would be unwelcome.
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Tag: unemployment
Report: 818K Less Jobs Were Created By Biden Admin., Calling For Concerns About The Economy
U.S. job expansion over the 12 months ending in March was overestimated by a staggering 818,000 on Wednesday, which is a worrisome sign that the economy has continued to slow down.
Read More Report: 818K Less Jobs Were Created By Biden Admin., Calling For Concerns About The Economy
Survey: Over 28% Of Americans Are Now Searching For New Employment, The Highest In A Decade
A new survey has revealed that Americans searching for a new job has hit the highest rate in more than a decade.
Read More Survey: Over 28% Of Americans Are Now Searching For New Employment, The Highest In A Decade
Wall St little unchanged as investors await Fed cues
Markets have been choppy after the S&P 500 and the Nasdaq extended gains to an eighth straight session on Monday.
Read More Wall St little unchanged as investors await Fed cues
Wall St marches ahead as retail sales quell slowdown worries
Wall Street’s main indexes rose about 1% on Thursday as retail sales data for July indicated resilient consumer spending.
Read More Wall St marches ahead as retail sales quell slowdown worries
Report: U.S. Job Market Weakens In June
The economy grew via the addition of 206,000 jobs in June, but unemployment was still above 4% in the same month, according to the Labor Department on Friday.
Read More Report: U.S. Job Market Weakens In June