Ghost jobs haunt job seekers amid America's labor shortage
In the world of Ghostbusters, proton packs may catch ghosts, but what tools do job seekers have to determine whether an advertised opportunity actually exists? Ghost jobs are especially prevalent right now, so you’ll need to stay resourceful. America’s labor shortage According to a report by the U.S. Chamber of Commerce, “Understanding America’s Labor ShortageAccording […]
Harris blames Trump for latest dreadful jobs report nearly a full term after he left office
Vice President Kamala Harris’ campaign has blamed former President Trump for recent negative events. Employment Report — Nearly one term has passed since he left office. “As president, Donald Trump has failed the American people and damaged our economy. Millions of jobsand bringing the economy to the brink of a recession,” Harris campaign spokesman James […]
Stocks sell off on recession fears after weak jobs report
U.S. stocks fell sharply on Friday after a weaker-than-expected jobs report stoked concerns the economy could be slowing more quickly than analysts had expected. The Dow Jones Industrial Average, a benchmark index of 30 major U.S. companies, fell more than 900 points in morning trading on Friday and closed down 750 points, or 1.9 percent, […]
A closely tracked recession signal just got triggered by the July jobs report
Economist Peter Morici criticized the Biden administration’s economic policies, discussing tax cuts on Social Security benefits that former President Trump promoted during his election campaign. Weaker than expected July employment report A reliable recession indicator The policy, closely watched by Wall Street, has rekindled concerns about the health of the U.S. economy and triggered a […]
stocks selloff, dow, S&P, Nasdaq, jobs report
Economist Peter Morici criticized the Biden administration’s economic policies, discussing tax cuts on Social Security benefits that former President Trump promoted during his election campaign. U.S. stocks are on their worst run since 2022 as a series of weak economic reports has fueled investor concern that a recession is on the way. All three major […]
Warren hammers Powell over jobs report: 'Cut rates now'
Sen. Elizabeth Warren (D-Mass.) slammed Federal Reserve Chairman Jerome Powell for keeping interest rates steady earlier this week after Friday’s weaker-than-expected jobs report. “Fed Chairman Powell made a serious error by not lowering interest rates,” Warren said in a post on X. “He has been warned many times that if he waits too long, the […]
Dow plunges over 900 points after weak jobs report sparks recession fears
The Dow Jones Industrial Average plunged more than 800 points and the Nasdaq entered a correction on Friday, on track to fall more than 10% from its July record, as weak jobs data stoked fears of a slowing U.S. economy and pessimistic outlooks for Amazon and Intel dampened sentiment. The Dow Jones Industrial Average fell […]
Report: U.S. Economy Added 114K Jobs In July, Unemployment Increases To 4.3%
(Photo: Olivier Dourilley/AFP via Getty Images) By James Myers, OAN StaffFriday, August 2, 2024 7:56 AM U.S. job growth slowed more than expected in July and the unemployment rate rose to 4.3%, raising concerns that the labor market is stagnating and the economy could tip into recession. advertisement The Labor Department’s Bureau of Labor Statistics […]
US economy added a paltry 114,000 jobs in July, unemployment spikes to 4.3%
U.S. job growth slowed more than expected in July and the unemployment rate rose to 4.3%, raising concerns that the labor market could worsen and tip the economy into recession. In its closely watched jobs report released Friday, the Labor Department’s Bureau of Labor Statistics said nonfarm payrolls rose by just 114,000 last month after […]
U.S. Economy Added Just 114,000 Jobs in July, Unemployment Surges
The Labor Department said Friday that U.S. employers added 114,000 workers in July, helping push the unemployment rate up to 4.3%. Economists had expected 180,000 jobs and an unemployment rate of 4.1%. Disappointing employment growth and a sharp rise in the unemployment rate suggest the economy may be heading toward a recession. The unemployment rate […]