U.S. Jobs Report Expected to Provide Fed With Rate Hike Relief
Government data due to be released next week is expected to show a decline in U.S. employment, thereby providing the Federal Reserve with the leeway it needs to be able to ease up its interest rate hikes in an effort to slow down inflation.
According...
GDP, Jobs Data Subside Recession Fears
Investor fears regarding a potential near-term U.S. recession have subsided after revisions to economic data for the first quarter of the year showed that the economy grew faster than expected.
U.S. GDP growth was 1.3% in the first quarter of 2023, meaning that U.S. economic...
U.S. Employers Becoming More Willing to Higher Older Workers, Survey Finds
A survey from the Transamerica Institute workplace revealed that employers are becoming more open to considering older candidates when hiring for open positions. Over three in five employers were found to seriously consider job applicants aged 50 and above when hiring in 2022.
Furthermore, the...
U.S. Job Openings Slump to Lowest Level Since April 2021
Job openings in the U.S. fell to their lowest level since April 2021, the latest Job Openings and Labor Turnover Survey, or JOLTS report revealed on Tuesday. 9.6 million job openings existed at the end of March, down from 9.9 million in February. In...
Labor Market Remains Strong as Jobless Claims Fall
The U.S. labor market remains strong despite weaknesses in other areas of the economy, this week's latest jobless claims report indicated. This comes after the national unemployment rate came in at 3.5%; marginally higher than January's half-century low of 3.4%.
Data from the Department of...
Stocks Fall Following Strong Jobs Report
U.S. stocks fell on Monday after Friday's jobs report from the Labor Department showed continued strength in the labor market. The tech-heavy Nasdaq Composite fell by 0.9%, while the S&P 500 and the Dow Jones Industrial Average declined by 0.6% and 0.3% respectively.
Last week,...