June jobs report adds to signs that economy may be cooling
The rise in the unemployment rate in June and a sharp downward revision to job gains for April and May are the latest signs that the economy may be slowing under the Federal Reserve’s high interest rates. Figures released Friday by the Labor Department showed the unemployment rate rose to 4.1% in June from 4% […]
Labor market keeps cooling as applications for unemployment benefits rise
While new claims for unemployment benefits rose last week, the number of unemployed people rose further toward the end of June to a 2-1/2-year high, reflecting a gradual cooling in the labor market. Weakening labor market momentum and fading inflationary pressures are likely to lead the Federal Reserve to begin cutting interest rates later this […]
Dow Jones Today: Stock Futures Higher as PCE Shows Inflation Cooling – Investopedia
Stocks rose in early trading on Friday after a Federal Reserve-backed inflation gauge showed price pressures easing in May, strengthening Wall Street’s expectations for at least one interest rate cut later this year. The Nasdaq Composite rose 0.5%, the S&P 500 rose 0.4% and the Dow Jones Industrial Average added 0.2%. The personal consumption expenditures […]
Home prices break another record in April, but the market is cooling: Case-Shiller
Home prices continue to rise, but not as rapidly as before. (iStock) Home prices rose again in April, hitting new highs that are likely to keep homebuyers holding off even as mortgage rates start to ease, according to the latest S&P CoreLogic Case-Shiller National Home Price Index. report. Home prices rose 6.3% year-over-year in April, […]
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April job openings fall to 8.1M as signs of cooling economy emerge
U.S. job openings fell to the lowest level since 2021 in April. But they remained at historically high levels despite rising interest rates and signs of a slowing economy. The Labor Department reported Tuesday that employers posted 8.1 million job openings in April, down from a revised 8.4 million in March. The March figure was […]
NYC swimmers seen cooling off inside public pool weeks before they are open for summer
Summer may not have started in New York yet, but people are already enjoying the pool. A New York Post photographer captured two young people having a great time splashing around in a public pool in Queens, even though city pools aren’t set to open for another three weeks. New Yorkers aren’t supposed to be […]
Yen Rebounds as Cooling US CPI Weighs on Dollar, Treasury Yields – Yahoo Finance
(Bloomberg) — The yen rose 1% overnight on Thursday, as traders bet the Federal Reserve will ease monetary policy this year on signs of easing U.S. inflation pressures. The gains expanded in Asian trading. Most Read Articles on Bloomberg Japan’s currency rose to the May 7 level of 154.32 yen to the dollar at around […]
April jobs report expected to show a ‘cooling’ labor market
Lisa Erickson, senior vice president at U.S. Bank Wealth Management, analyzes stock trends, the job market and potential “signs of further deterioration.” April’s jobs report is expected to show that the U.S. labor market cooled last month, but that employment remains strong despite high interest rates and chronic inflation. Department of Labor April salary reportThe […]
Home prices hit new high in December but show signs of cooling: Case-Shiller
Home prices across the country hit a new record in December. (iStock) Home prices hit record highs in December, despite high borrowing costs and housing remaining out of reach for many Americans, according to the latest S&P CoreLogic Case-Shiller Index did report. House prices are currently 5.5% higher than this time last year. The 10-city […]