Initial U.S. employment reports overstated by 439,000 jobs in 2023
Steve Forbes, chairman of Forbes Media, and Andy Puzder, former CEO of CKE Restaurants, discuss the December jobs report and point out discrepancies in the report. There is something wrong with the previous US employment statistics. A closer look at numbers from the Bureau of Labor Statistics shows that the government quietly eliminated 439,000 jobs […]
Government Hiring Inflated Jobs Report, Increases Inflation Danger
Market decides to ignore employment numbers a dream March interest rate cut We survived the December employment statistics. of The Department of Labor announced that employers added 216,000 jobs. Jobs added in December by 170,000 people, much faster than Wall Street had expected. The unemployment rate remained unchanged at 3.7%, contrary to expectations that it […]
Surprise jobs data gives boost to Biden
Surprisingly strong job growth in December is good news for President Biden, as the prospect of a long-sought “soft landing” at the start of an election year becomes more of a focus. December's employment report was strong, with 216,000 new jobs added to the economy and the unemployment rate remaining low at 3.7%, according to […]
Jobs Surge 216,000 Higher, Raising Inflation Risks
U.S. employers accelerated hiring in December, adding 216,000 workers to their payrolls, the Labor Department announced Friday. The unemployment rate remained unchanged from 3.7% last month. Economists had expected the economy to grow by 170,000 jobs after it was reported that employment would rise by 199,000 in November and 150,000 in October. The November figure […]
US economy adds 216,000 jobs in December, beating expectations
Jamie Cox, managing partner at Harris Financial Group, expects the latest jobs numbers to show signs of “moderation.” Employment growth continued at a healthy pace in December, and the labor market ended 2023 on a solid footing. The Labor Department's monthly payroll report released on Friday showed employers added 216,000 jobs in December, more than […]
US economy adds surprisingly strong 216,000 jobs in December
U.S. employers added a whopping 216,000 jobs in December, a surprisingly large increase that will likely raise questions about when the Federal Reserve will start cutting interest rates this year. . Refinitiv data showed payrolls grew last month by a faster-than-expected 199,000 in November, and well above the 170,000 increase expected by economists. The figures […]
US added 216,000 jobs in December, blowing past expectations
The United States added 216,000 jobs in December and the unemployment rate held steady at 3.7%, marking a year of remarkable economic resilience, according to new data released Friday by the Bureau of Labor Statistics. concluded. The jobs data capped off a surprisingly strong year, largely reversing earlier concerns that interest rate hikes aimed at […]
Expert warns new tech could make ‘obsolete’ wide range of high-skilled jobs
A Nobel Prize-winning economist has sounded the alarm about the future of science, technology, engineering and mathematics (STEM) careers amid rapid developments in artificial intelligence, with many of today's in-demand jobs likely to soon become obsolete. It is claimed that there is. “The need of the hour is to collect data, collate it, develop it, […]
ForexLive Asia-Pacific FX news wrap: Awaiting US jobs and Services PMI data – ForexLive
See the points above for a look at what to look for in the US non-farm payrolls and ISM services PMI data to be released on Friday morning, particularly the range of estimates and why they are important to be aware of. please. Asian currencies traded in a narrow range, with the US dollar showing […]
Here are the jobs that will see major wage growth in 2024
According to PayScale, the 10 jobs that posted the biggest wage increases last year will remain popular well into 2024. For 2023, Customer Service Assistant Manager, Hairdresser, Master Plumber, Auto Body Repairman, Job Coach, and Audio/Visual Technician are some of the roles the company is focusing on most in its recent year-end report Met. Demand […]