The breakdown of the June jobs report suggests growth has become increasingly uneven as the labor market shows signs of weakening. According to the Labor Department, U.S. nonfarm payrolls rose by 206,000 in June, but job gains were small. 82,400 jobs were created in health care and social assistance, while the state added 70,000 jobs….
People buy drinks at a store on a muggy afternoon in Brooklyn, New York, on the first day of summer, June 21, 2024. Spencer Platt | Getty Images The Commerce Department could have some pretty good inflation news when it releases a key economic report on Friday. The personal consumption expenditure price index, a measure…
Job growth was surprisingly strong in May, pushing back lingering fears of a broader economic slowdown and likely slowing the Federal Reserve’s rate-cutting schedule. The U.S. economy added 272,000 jobs this month, well above the Dow Jones consensus estimate of 190,000. That’s also higher than the average monthly increase of 232,000 over the past 12…
House Republicans are pushing legislation to crack down on non-citizen voting. This is part of an attempt to sow doubt about the election results and target immigrants who they say have no business voting in elections in the United States. They plan to push through a bill on Wednesday that would reverse a Washington, D.C….
People shop in the grocery department of a retail store in Rosemead, California, January 19, 2024. Frederic J. Brown | AFP | Getty Images Inflation trends may have become a little less bleak in April, although they are still likely to make the Federal Reserve uneasy enough to continue pausing interest rates. The consumer price…
Trump’s historic criminal trial is entering its fourth week. Source link 2024-05-05 23:23:26 www.cnbc.com
A job seeker takes a flyer at a job fair at Brunswick Community College in Bolivia, North Carolina, April 11, 2024. Allison Joyce | Bloomberg | Getty Images Hiring is likely to continue quickly in April as investors look for gaps in the labor market that could influence the Federal Reserve. According to the Dow…
Federal Reserve Chairman Jerome Powell prepares to testify before the Senate Banking, Housing and Urban Affairs Committee on March 7, 2024. Kent Nishimura | Getty Images News | Getty Images With stubborn inflation raising concerns about the future direction of monetary policy, the Federal Reserve is caught in a holding pattern that will likely be…
The Senate on Tuesday moved to approve a $95.3 billion foreign aid package for Ukraine, Israel and Taiwan that had been stalled for months. The bill, a version of which passed the Senate in February with bipartisan support, cleared a key procedural hurdle Tuesday by a vote of 80-19, reflecting broad bipartisan support. To get…
The U.S. labor market once again surprised economists with its strength, adding more than 300,000 jobs in March, with some key sectors continuing to boost growth. Health care and social assistance were the sectors with the most employment gains – a common theme in recent years – with the creation of 81,300 jobs. Government and…
