Stocks Rise Following Upbeat Jobs Report
U.S. stocks advanced on Friday morning following the release of February's better-than-expected jobs report. Futures on the S&P 500 edged higher by 0.1%, while those tied to the Nasdaq Composite were up 0.4%. Contracts on the Dow Jones Industrial Average remained relatively unchanged.
Bond yields...
Job Cuts Reach Highest Level Since 2009
Over 180,000 job layoffs were reported in the U.S. over January and February; the highest level in 2009. The report, released on Thursday by employment firm Challenger, Gray & Christmas Inc., showed that over a third of all job cuts came from the tech...
U.S. Layoffs Surge in January Following Tech Companies’ Jobs Cuts
Job cuts in the United States surged to a more than two-year high in January after a wave of tech companies implemented mass layoffs, a report from employment firm Challenger, Gray & Christmas Inc. on Thursday showed. Tech companies alone accounted for 41,829 layoffs...
Stock Futures Fall Ahead of Wave of Economic Data
U.S. stock futures edged lower on Monday ahead of a week filled with the release of a slew of economic data, including the earnings report, jobs report, and the upcoming Federal Reserve meeting.
Futures listed on the S&P 500 Index lost 1% while those on...
U.S. Futures Rise Following Positive Jobs Outlook
U.S. stock futures were higher on Friday following the release of the Labor Department's jobs report for December. The final jobs report of 2022 showed an addition of 223,000 jobs, bringing the nation's unemployment rate down to 3.5%, thereby beating analysts' forecasts of a...
Payrolls Rise By 223,000 in Final 2022 Jobs Report
The U.S. labor market remained strong as 2022 came to an end according to the monthly jobs report for December that was released by the Labor Department on Friday.
223,000 non-farm payrolls were added in December, thereby outpacing the 202,000 payroll rise projected by Wall...