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% […]
One third of all jobs created in June were in government
Former John Deere employee Chris Laursen responds to The Bottom Line about job cuts that will come with the move of production to Mexico. The June jobs report revealed stronger-than-expected job growth, with 206,000 new jobs added, but a third of those were in the government sector. Government employment increased by 70,000, well above last […]
June jobs report, Federal Reserve
John Lynch, CIO of Comerica Wealth Management, explains why he encourages investors “not to get out yet” of the market rally. U.S. employers added 206,000 jobs in June, beating expectations and slightly below the revised 218,000 gain in May, signaling continued strength in the labor market. The unemployment rate rose slightly to 4.1% from 4%. […]
US economy adds 206K jobs in June
New Labor Department data released Friday showed the U.S. economy added 206,000 jobs in June, and the unemployment rate rose slightly to 4.1%. The latest jobs report is broadly in line with expectations that the economy will add 190,000 jobs and keep the unemployment rate at 4%. This follows a shocking report in May that […]
US added surprisingly strong 206K jobs last month, unemployment rose to 4.1%
The U.S. labor market added more jobs than expected last month, but the unemployment rate rose more than expected, providing mixed results for investors who were hoping for news that would prompt the Federal Reserve to cut interest rates to tame inflation once and for all. Nonfarm payrolls increased by 206,000 in June, and the […]
Dems Play Up New Hoax With Trump’s ‘Black Jobs’ Debate Line
Democrats are twisting Donald Trump’s words in order to put on a show of moral outrage. What else is new? The latest grand stand comes from Trump’s comments on “black jobs” during last week’s debate, which are reportedly stirring Democratic anger. “The fact is that his [Joe Biden’s] big kill on the black people is […]
Private companies added just150,000 jobs in June, less than expected
Construction is booming in states such as Arizona, California, Florida and Texas. U.S. companies started hiring more slowly than expected in June, according to the ADP national employment report released Wednesday morning, signaling that the labor market continues to cool on the back of rising interest rates. The company will create 150,000 jobs Last month’s […]
Futures rise as focus shifts to jobs data – Yahoo Finance
Ankika Biswas and Lisa Pauline Matakal (Reuters) – U.S. stock index futures rose on Monday ahead of the release of the manufacturing Purchasing Managers’ Index (PMI) and also focused on labor market data later in the week for an indication of the direction of Federal Reserve monetary policy. AI chip company Nvidia fell 1.0% in […]
Patagonia tells remote employees to relocate or lose their jobs
See what’s clicking on FoxBusiness.com Patagonia has asked its 90 remote workers to choose between relocating closer to one of the outdoor clothing company’s seven locations or quitting the company. Business Insider It was reported earlier this week The company’s 90 customer service employees were asked to pack their bags and find new housing within […]
15,000 or hundreds of millions of jobs … say what?
This is one of the hardest articles I’ve ever had to write, mainly because Joe Biden’s Thursday night debate performance was so completely incoherent that the only thing I took away from watching it live was that he is completely unfit to hold the office of the President. But because the economy is the most […]