Potential home buyers leave a home for sale during an open house in a Clarksburg, Maryland neighborhood on September 3, 2023. Roberto Schmidt | AFP | Getty Images It’s no secret that the housing market looks very different than it did a few years ago. While rising mortgage rates and home prices have weakened consumer…
The job market has held surprisingly strong over the past year, but as fewer jobs go unfilled and more people remain on unemployment insurance rolls, Federal Reserve officials have begun looking for cracks. Central bankers recently began saying clearly that they could cut interest rates if the labor market unexpectedly weakens, a slight change in…
The monthly jobs report on Friday is expected to show that employers added 190,000 jobs in June, according to a Bloomberg survey of economists. That would be a decline from the 272,000 jobs created in May. The economy remains solid overall, unemployment is still low, the stock market is hovering at new highs and wage…
Job seekers attend the JobNewsUSA.com South Florida Job Fair taking place on June 26, 2024 at the Amerant Bank Arena in Sunrise, Florida. Joe Raedle | Getty Images With increasing signs that the labor market is at least slowing, if not worse, the June nonfarm payrolls report takes on added significance. So far in 2024,…
GP: American flag and Chinese flag Matt Anderson Photography | moment | Getty Images A recent survey of Chinese companies in the US found that despite growing concerns about US-China relations and the overall business environment, the majority remain optimistic about the market in the long term. The annual survey by the China General Chamber…
Real estate prices have held up better than expected given the high interest rates. But that doesn’t mean the real estate market is healthy. When the Federal Reserve began raising interest rates in 2022, most economists assumed that the housing market would be the first to suffer the consequences: Higher borrowing costs would make buying…
Traders work on the floor of the New York Stock Exchange during afternoon trading on June 3, 2024 in New York City. Michael M. Santiago | Getty Images The surprising pace of job growth and wage increases in May reinforced the belief that the Federal Reserve will remain on hold this summer and possibly beyond….
The American labor market could shift into lower gear this spring, a turnaround that economists have been anticipating for months following a strong recovery from the pandemic shock. As the Labor Department reported on Friday, employers added 175,000 jobs in April, falling short of forecasts. The unemployment rate rose to 3.9 percent. A slower expansion,…
People walk through the newly opened Grand Central Madison station in Manhattan on February 27, 2023 in New York City. Spencer Platt | Getty Images The strong labor market has been bolstered post-pandemic by the strength of America’s immigrant workforce. And as Americans increasingly leave the workforce and birth rates remain low, economists and the…
The Federal Reserve spent much of 2022 and 2023 focusing narrowly on inflation while policymakers set interest rates: prices rose far too quickly, making them the central bank’s top priority. But now that inflation has cooled, officials are again more clearly incorporating the labor market into their decisions. A possible challenge? It is very difficult…
