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Labor Data

All articles tagged with #labor data

Stocks Slip as Iran Peace Update Keeps Oil and Markets in Limbo
markets25 days ago

Stocks Slip as Iran Peace Update Keeps Oil and Markets in Limbo

US stocks pulled back from record highs as investors awaited Iran’s response to a US peace proposal, with the Nasdaq down about 0.1%, the S&P 500 down roughly 0.3%, and the Dow around 0.5% lower; Brent crude hovered around the mid-90s and WTI near $90 as a potential resolution looms, while gold rose as inflation fears eased. The session also featured earnings news (Datadog beat and raised guidance; Whirlpool warned of weak demand) and labor data (initial jobless claims at 200,000) shaping near-term sentiment.

via Yahoo Finance UK|
#earnings#iran-us-deal#labor-data
Upcoming Jobs Report Could Influence Fed Rate Cut Expectations
markets9 months ago

Upcoming Jobs Report Could Influence Fed Rate Cut Expectations

Investors are largely expecting a September interest rate cut by the Federal Reserve, with market reactions to the upcoming August jobs report contingent on whether the data shows softness or strength. A modest jobs increase is already priced in, and only significant surprises—either very weak or very strong—could alter the current rate cut expectations or impact stock and bond markets.

via MarketWatch|
#fed-expectations#interest-rate-cut#jobs-report
Trump dismisses Labor Statistics Chief Amid Jobs Data Controversy
politics10 months ago

Trump dismisses Labor Statistics Chief Amid Jobs Data Controversy

President Donald Trump dismissed the US Commissioner of Labor Statistics, Erika McEntarfer, shortly after a disappointing jobs report showing only 73,000 new jobs and revisions indicating weaker economic growth, accusing her of tampering with data without evidence. The move sparked criticism from economists, labor unions, and Democrats, who emphasized the importance of independent and accurate economic data.

via DW|
#bureau-of-labor-statistics#jobs-report#labor-data
"Nvidia Gains as S&P 500 and Nasdaq Near Record Highs"
stock-market2 years ago

"Nvidia Gains as S&P 500 and Nasdaq Near Record Highs"

US stocks remained mostly unchanged on Thursday after a tech-driven rally, with Nvidia continuing to rise while other major tech stocks like Apple and Meta saw slight declines. Investors are closely watching labor data and the upcoming jobs report, which could influence Federal Reserve interest rate decisions. Treasury yields edged up, and the European Central Bank cut interest rates for the first time since 2019.

via Yahoo Finance|
#interest-rates#labor-data#nasdaq
U.S. Labor Market Rebalances, Job Openings Hit Two-Year Low
economy2 years ago

U.S. Labor Market Rebalances, Job Openings Hit Two-Year Low

Economists suggest that the US economy is moving closer to a "soft landing" as labor data shows a decline in job openings, indicating a decrease in employer demand for workers. A soft landing would mean that the Federal Reserve has successfully controlled inflation without causing a recession. The Fed has been raising interest rates to cool the economy and labor market, aiming for a balanced state that is neither too hot nor too cold. Despite the weakening labor market, other indicators such as quits, hires, and layoffs remain steady, suggesting employers' desire to retain workers. While the labor market is still favorable, workers have lost some leverage compared to previous years.

via CNBC|
#economy#federal-reserve#inflation
February job openings dip below 10 million, but job market remains strong.
business3 years ago

February job openings dip below 10 million, but job market remains strong.

The US job market is gradually cooling but remains advantageous for workers, with job openings falling to 9.9 million in February, the lowest level since May 2021, according to the Bureau of Labor Statistics. However, the number of open jobs is still significantly above its pre-pandemic level. Despite the historical strength of the job market, workers looking for a new job may be wise to proceed with a bit more caution, labor experts said.

via CNBC|
#business#job-market#job-seekers