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US Consumers Will Remain Resilient in 2024, Goldman Sachs Chief Executive Claims

Goldman Sachs chief economist Jan Hatzius is adamant that U.S. consumers will remain resilient in 2024 regardless of the stressors that they may encounter over the coming year. Hatzius expects incomes to continue growing, boosted by a rise in job creation and rising yields...

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...

Job Growth Expected to Shrink as October Jobs Report Looms

The Labor Department is set to release its October Jobs Report at 8:30 a.m. on Friday. With the Federal Reserve implementing its most aggressive monetary tightening campaign in decades, analysts expect the Jobs Report to show a minor curb in job growth over the...

Strong Employment Growth Expected Ahead of Jobs Report

Steady growth in employment is expected to be reported in the latest U.S. monthly jobs report. The Labor Department is set to release the report at 08:30 EST on Friday morning. While the labor market in August is expected to have remained tight in the...

U.S. Labor Market Delivers a Surprise With Massive Job Gains

The Bureau of Labor Statistics released its labor market report for July on Friday that delivered some surprising numbers. The biggest shock was 528,000 jobs gained, which was more than double compared to the 250,000 experts predicted. The massive job gains have brought down the...