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 […]
Surge of foreign-born workers remake American jobs market
AFPI Chief Economist Michael Vogtunder will share his views on the U.S. economy at Kudlow's speech. The surge in legal and illegal immigration under the Biden-Harris administration is dramatically changing the overall composition of the U.S. job market. The large increase in immigrant workers has helped ease the labor shortage, but it has also pushed […]
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, […]
ForexLive Asia-Pacific FX news wrap: Awaiting the US jobs (NFP) report – ForexLive
High Risk Warning: Foreign exchange trading involves a high degree of risk and may not be suitable for all investors. Leverage increases risk and loss. Before trading foreign exchange, you should carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some or all of your initial investment. Do not invest […]
Get Ready for the Most Important Jobs Report In Years
How much will the labor market weaken? we, The most important jobs report in years. The Bureau of Labor Statistics said on Friday Employer-household twin survey The government prefers to call this the “employment situation,” but we tend to call it the “jobs report.” Surveys of employers are not helpful, “Establishment Survey” or “payroll survey,” […]
US Steel warns jobs could be lost if sale falls through
U.S. Steel warned Wednesday that it may cut jobs and move its headquarters out of Pittsburgh if a planned sale to Japanese steelmaker Nippon Steel Corp. falls through. Nippon Steel announced in December that it would buy U.S. Steel, sparking outrage from lawmakers of all political parties who said the deal could undermine national security […]
US Steel will cut jobs, close plants, move HQ from Pittsburgh if Nippon sale fails, CEO warns
U.S. Steel warned Wednesday that thousands of union jobs would be at risk if its merger with Nippon Steel Corp. fails, and suggested it could close several steel mills and move its headquarters out of the politically sensitive state of Pennsylvania. The announcement comes as Nippon Steel's plans to buy a U.S. steelmaker face growing […]