Jobs report is a boom for migrants, slump for Americans
Kenny Polcari, chief market strategist at SlateStone Wealth, appeared on “Varney & Co.” to react to August's unemployment rate. A new jobs report for August shows that employment numbers for U.S.-born and foreign-born workers are on very different trajectories. According to data released by the Bureau of Labor Statistics, a division of the Department of […]
Stocks sink after jobs miss, Trump-Harris tax plans, home retailer closing all stores
Former U.S. International Trade Commission Chairman Peter Morici talks about labor immigration and former President Trump's corporate tax rate plans. U.S. employment grew in August, but not as much as economists expected. Stocks fell throughout the week, as investors got off to a rocky start to September ahead of the Federal Reserve meeting later this […]
Millions of Americans lost jobs last month while the ‘foreign born’ saw massive gains
The U.S. Bureau of Labor Statistics states: August employment report At least two worrying trends emerged Friday that continue to show signs of slowing. The country still appears to be seeing fewer full-time jobs and more part-time jobs, which typically don't come with the benefits that many families rely on. But hundreds of thousands of […]
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, […]
Manufacturing Jobs Continue To Dwindle Despite Biden Admin Allocating Hundreds Of Billions In Subsidies
The U.S. economy lost a large number of manufacturing jobs in August, despite the Biden administration's attempts to jump-start manufacturing with hundreds of billions of dollars in subsidies. US manufacturing jobs Fell According to data from the Bureau of Labor Statistics (BLS), manufacturing employment increased by 24,000 in August, down 14,000 from a year ago. […]
Bitcoin Hits Lowest Price in a Month Following Weak US Jobs Report – Decrypt
Bitcoin Price Bitcoin plummeted to below $54,000 per coin on Friday after the U.S. jobs report showed payroll numbers were weaker than expected. Bitcoin, the largest digital asset by market cap, is currently trading at $53,829, its lowest price since Aug. 5, according to CoinGecko. It has fallen about 5% in the past 24 hours […]
Dow tumbles over 300 points after weak jobs report spooks investors
Wall Street's main stock indexes fell on Friday after a key jobs report did little to dispel uncertainty over the size of an expected interest rate cut when the Federal Reserve meets later this month. In recent trading, the Dow Jones Industrial Average fell 352 points, or 0.9%, to 40,409. The S&P 500 was down […]
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 […]