How did 50K dockworkers strike at US ports with only 25K jobs?
This week, nearly 50,000 longshoremen went on strike at ports from Maine to Texas. But in a strange quirk resulting from decades of huge concessions to unions, only 25,000 jobs at the ports are affected. There is a huge gap between the number of people showing up to work and the total membership of the […]
Dow Jones Today: Stocks Rise After Strong Jobs Report; S&P 500 Near Unchanged for Week – Investopedia
This week's major indexes are gradually moving into positive territory. 14 minutes ago After an eventful week, late-day gains pushed the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite Index into positive territory this week, but only just. TradingView ExxonMobil hits record high despite third-quarter profit warning 1 hour 29 minutes ago Exxon Mobil […]
Harris to bash Vance over Michigan EV plant jobs at rally
Vice President Harris plans to slam former President Trump and Sen. J.D. Vance (R-Ohio) over auto worker jobs at a campaign rally in Flint, Michigan, on Friday, campaign officials said. That's what it means. She will be joined in Flint by United Auto Workers (UAW) President Sean Fein, who announced in July that the union […]
Larry Summers says jobs report shows Fed’s 50 bp rate cut was ‘a mistake’
Acting Labor Secretary Julie Su will provide details on the September employment report, employment revisions, manufacturing losses and collective bargaining as longshoremen reach a tentative agreement. Former U.S. Treasury Secretary Larry Summers said September's better-than-expected jobs report showed the Fed's half-point rate cut was a “mistake.” This follows a Labor Department report showing that employers […]
American Economy Added 254,000 Jobs in September
U.S. employers added 254,000 workers in September, and the unemployment rate fell to 4.1%, the Labor Department said Friday. Economists had predicted 150,000 jobs and an unemployment rate of 4.2%. This number far exceeded even the most optimistic predictions. Some analysts had expected just 70,000 employees to be added to the payroll. In addition to […]
Dow futures jump 200 points after blockbuster jobs report signals economy on solid ground: Live updates – CNBC
Traders work on the floor of the New York Stock Exchange during afternoon trading on October 3, 2024 in New York City. Michael M. Santiago | Getty Images U.S. stock futures rose on Friday after the all-important jobs report came in much better than economists expected. Futures linked to the Dow Jones Industrial Average Increased […]
US adds 254K jobs in September, blowing past expectations
The United States added 254,000 jobs in September, and the unemployment rate fell to 4.1 percent, according to new Labor Department statistics released Friday. September's employment report exceeded economists' expectations, which had predicted that employment would increase by 140,000 people and the unemployment rate would rise to 4.2%. The September jobs report will be released […]
US economy added 254K jobs last month — blowing past forecasts
Last month's economic growth brought in a whopping 254,000 jobs. That beat previous expectations for a modest rise and dampened Wall Street's hopes for another big rate cut by the Federal Reserve next month. The Labor Department also reported that the unemployment rate fell to 4.1%, down from 4.2% the previous month. According to consensus […]
US economy added 254,000 jobs in September, well above expectations
David Nicholas, CEO of Nicholas Wealth Management, explains how the port strike could affect Barney & Co.'s stock market and the broader economy. U.S. job growth in September exceeded economists' expectations, with little change in the unemployment rate. The Labor Department reported Friday that employers added 254,000 jobs in September, well above the 140,000 increase […]
Bianca Williams stop and search officers given jobs back at Met | Metropolitan police
Two former Metropolitan Police Department police officers who were fired over the raid on British athlete Bianca Williams have been given their jobs back after winning their appeal. Inspectors Jonathan Clapham and Sam Franks smelled cannabis after driving Williams and fellow Olympic sprinter Ricardo dos Santos into their car in Maida Vale, west London, in […]