Economic optimism rises as U.S. job market adds 206,000 jobs
The unemployment rate rose slightly, but employment increased by more than 200,000. (iStock) The U.S. job market is gradually stabilizing, as evidenced by the addition of 206,000 jobs in June. According to the Bureau of Labor StatisticsIndustries driving this growth include government, healthcare, social assistance and construction. Despite the increase in employment, the unemployment rate […]
Powell: Job market has 'cooled considerably'
Federal Reserve Chairman Jerome Powell said Tuesday that the job market has “cooled significantly” over the past two years. “The latest labor market data send a pretty clear signal that labor market conditions are much weaker than they were two years ago,” Powell said at a Senate Banking Committee hearing. “This is no longer an […]
Chief Morgan Stanley strategist predicts 10% market correction is ‘highly likely’ before presidential vote
Morgan Stanley executives have warned Wall Street investors that the stock market will see a big drop ahead of the November presidential election. Mike Stanley, chief U.S. equity strategist at Morgan Stanley, pointed to uncertainty surrounding the presidential election, corporate earnings and Federal Reserve policy. “I think it’s very likely we’ll see a 10% correction […]