Employment/Unemployment Figures

25Dec

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Business

The Fed Won't Try to Boost Biden

The central bank has only once changed its policy to help elect a presidential candidate: Nixon in 1972.

The Fed Can’t Put Off Preparing for Rate Cuts

9Dec

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World

The Fed Can’t Put Off Preparing for Rate Cuts

As the economy slows down toward its speed limit, it might be time to start thinking about easing up on the brake. That doesn’t mean the driver has to inform the passengers.Friday’s employment report showed that the economy added a seasonally adjusted 199,000 jobs last month, a move up driven in part by the end of the auto strikes, from October’s gain of 150,000 jobs. The unemployment rate slipped to 3.7% from 3.9%, and would have fallen even more if not for the entry of more people into the labor pool. Average hourly earnings were up 4% from a year earlier which, coming alongside cooling inflation, shows that workers’ buying power increased.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

9Dec

By adminNo Comments

Money

The Fed Can’t Put Off Preparing for Rate Cuts

As the economy slows down toward its speed limit, it might be time to start thinking about easing up on the brake. That doesn’t mean the driver has to inform the passengers.Friday’s employment report showed that the economy added a seasonally adjusted 199,000 jobs last month, a move up driven in part by the end of the auto strikes, from October’s gain of 150,000 jobs. The unemployment rate slipped to 3.7% from 3.9%, and would have fallen even more if not for the entry of more people into the labor pool. Average hourly earnings were up 4% from a year earlier which, coming alongside cooling inflation, shows that workers’ buying power increased.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

The S&P 500 closed 0.4% higher and posted its sixth straight weekly gain, and the Nasdaq and Dow also each rose 0.4%.All three indexes closed at highs for the year.

9Dec

By adminNo Comments

World

The S&P 500 closed 0.4% higher and posted its sixth straight weekly gain, and the Nasdaq and Dow also each rose 0.4%.All three indexes closed at highs for the year.

The S&P 500 closed 0.4% higher and posted its sixth straight weekly gain, and the Nasdaq and Dow also each rose 0.4%. All three indexes closed at highs for the year.

S&P 500 Posts Sixth Straight Weekly Gain

8Dec

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Money

S&P 500 Posts Sixth Straight Weekly Gain

The stock index closed higher to post another weekly gain as investors digested slightly hotter-than-expected jobs data and earnings from companies including Lululemon.

Economy’s Soft Landing Comes Into View as Job Growth Slowly Descends

8Dec

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World

Economy’s Soft Landing Comes Into View as Job Growth Slowly Descends

A gradual cooling of the still-solid labor market extended into November, renewing optimism the economy is still on a glide path for a soft landing.Employers added a seasonally adjusted 199,000 jobs last month, the Labor Department reported Friday, slower than earlier in the year but consistent with gains before the pandemic. When excluding the effects of autoworker strikes in recent months, November’s job gain was roughly 169,000, slightly cooler than 180,000 in October. Most recent hiring occurred in two big sectors: healthcare and the government.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Australian Job Ads Dropped Sharply in November

4Dec

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World

Australian Job Ads Dropped Sharply in November

SYDNEY—Further signs of an easing in conditions across Australia’s labor market emerged in November, with the ANZ-Indeed measure of job ads slumping sharply over the month.According to the ANZ-Indeed Australian job ads survey, employment ads fell 4.6% in November following a downwardly revised fall of 3.4%in October.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Australia’s Unemployment Rate Continues Steady Rise

16Nov

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World

Australia’s Unemployment Rate Continues Steady Rise

SYDNEY—Australia’s unemployment rate continued to rise in October, potentially ruling out a further hike in interest rates in December.The jobless rate climbed to 3.7% in October from 3.6% in September, despite employment jumping by 55,000 over the month, the Australian Bureau of Statistics said Thursday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Unemployment Was the One Economic Problem Europe Didn’t Have. No Longer.

14Nov

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World

Unemployment Was the One Economic Problem Europe Didn’t Have. No Longer.

FRANKFURT—Europe’s labor markets are starting to crack. After a year of near-zero economic growth, job creation is slowing and surveys suggest that more businesses in the region are preparing to lay off workers, threatening to further damp growth and drain public coffers. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

UK Wage Growth Cools, Spelling Good News for BOE’s Inflation Battle

14Nov

By adminNo Comments

World

UK Wage Growth Cools, Spelling Good News for BOE’s Inflation Battle

Updated Nov. 14, 2023 3:04 am ETThe U.K.’s jobless rate stayed steady in the three months to September though average wage growth eased a little, a boost for the Bank of England’s efforts to bring down still-high price inflation.The unemployment rate stood at 4.2% in the three-month period, unchanged from the previous three months, according to data from the Office for National Statistics published Tuesday. This was in line with the rate expected by economists, according to a poll by The Wall Street Journal.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8