August jobs report breakdown: Which industries hired the most workers?
Kenny Polcari, chief market strategist at SlateStone Wealth, appeared on “Varney & Co.” to react to August's unemployment rate. Increased employment GDP rose slightly in August but fell short of economists' expectations as job losses in manufacturing, retail and other sectors partly offset gains in other sectors. In its monthly employment report released on Friday, […]
Wall Street hits session low, yields fluctuate as market digests mixed August jobs report – Seeking Alpha
U.S. stocks came under downward pressure on Friday and Treasury yields were slightly more volatile after mixed August jobs data sparked a debate over the size of interest rate cuts the Federal Reserve plans to make later this month. Futures initially pared losses before the open after the nonfarm payrolls data was released. Meanwhile, Treasury […]
U.S. Added 142,000 Jobs in August, Earlier Months Revised Down, Manufacturing Jobs Crash
U.S. job growth in August was much weaker than expected and the previous month's job gains were also revised downward, suggesting the labor market is even weaker than it appears. The Labor Department said Friday that the economy added 142,000 jobs. Economists had expected payrolls to rise to 160,000 that month. The employment forecast for […]
US economy added 142,000 jobs in August, missing expectations
Strategas Chairman and CEO Jason Treynort discusses the revised CPI, real wage and employment data, and the Harris tax increase plan. U.S. job growth accelerated in August but fell short of economists' expectations and the unemployment rate remained little changed. The Labor Department said on Friday that payrolls rose by 142,000 in August, well above […]
US jobs report for August weaker than expected
The U.S. labor market weakened last month, with payrolls rising by just 142,000 in August, well below the 161,000 that analysts had expected. Stock market futures fell sharply before the open on Friday after the Labor Department also cut its forecast for July payrolls, now showing an 89,000 increase compared to an earlier estimate of […]
US adds 142K jobs in August, with Fed poised to cut rates
The U.S. added 142,000 jobs in August, and the unemployment rate fell to 4.2%, according to data released Friday by the Labor Department. The new report is in line with economists' forecasts of 161,000 jobs and an unemployment rate of 4.2 percent, and will be closely watched as the Federal Reserve prepares to cut interest […]
US futures point lower ahead of crucial August jobs report – Investing.com
Investing.com — U.S. stock futures were trading below flat on Friday as investors awaited a long-awaited labor market report that could influence the Federal Reserve's next monetary policy decision. By 6:21 a.m. ET (10:21 a.m. GMT), the contract was down 130 points, or 0.3 percent, down 34 points, or 0.6 percent, and down 207 points, […]
Harris team blows past $360 million in August fundraising haul, more than doubling Trump
Vice President Kamala Harris' political team has again surpassed $300 million in fundraising, more than double what former President Donald Trump raised in August. The Harris campaign raised $361 million last month, and the campaign, joint committees and the Democratic National Committee had $404 million in cash through August, the campaign said. By comparison, the […]
Harris campaign announces $361M fundraising haul in August
Vice President Harris' campaign raised $361 million in August and said Friday it has $404 million in cash in the final two months before Election Day. According to Harris' campaign, her campaign has raised more than $615 million since she launched her campaign in July after President Biden dropped out of the race. The campaign […]
August Layoffs Reached Record Highs, New Hires Hit Historic Lows
According to a report by job-placement firm Challenger, Gray & Christmas, monthly layoffs in the U.S. hit a 15-year high in August, while hiring so far this year is the lowest in 20 years. Last month, employers announced 75,891 layoffs, a staggering 193% increase from July. data A report from the recruitment service published on […]