The Federal Reserve cut interest rates by 50 basis points Sept. 18.
Tag: Mike Fratantoni
142,000 Jobs Added in August, Unemployment Rate Stagnant
The U.S. Bureau of Labor Statistics released jobs data from August, finding that total nonfarm payroll enrollment increased by 142,000. The unemployment rate changed little at 4.2%.
MBA Chart of the Week: Monthly Payroll Growth and Unemployment Rate
The job market definitively slowed in July. Nonfarm payroll growth at 114,000 was well below the 12-month average of 215,000, while the unemployment rate moved up to its highest level since October 2021 at 4.3%, as shown in this week’s chart.
Unemployment Rises to 4.3% in July
Total nonfarm payroll increased by 114,000 in July, per the U.S. Bureau of Labor Statistics. However, the unemployment rate rose to 4.3%.
Fed Holds Rates Steady Again
The Federal Reserve again held rates steady July 31, noting that there has been “some further progress toward the Committee’s 2% inflation objective” over the past few months.
U.S. Economy Grew 2.8% in Q2; MBA Economist Weighs In
The real gross domestic product increased at an annual rate of 2.8% in the second quarter of 2024, per the “advance” estimate released by the U.S. Bureau of Economic Analysis.
U.S. Economy Adds 206,000 to Payroll in June
Total nonfarm payroll employment was up by 206,000 in June, and the unemployment rate was at 4.1%, per the U.S. Bureau of Labor Statistics.
Fed Holds Rates Steady
The Federal Reserve held rates steady Wednesday and now projects only one rate cut in 2024.
Fed Holds Rates Unchanged May 1
The Federal Reserve held rates steady at its meeting ended May 1, as data regarding the strength of the economy and stubbornly high inflation have resulted in a shift in the timing of any rate cuts.
Fratantoni to Share Market Outlook at MBA Secondary & Capital Markets Conference & Expo May 20
Arm yourself with the information you need to achieve your business and performance goals. Make plans to be in New York City at MBA’s Secondary & Capital Markets Conference & Expo May 19 – 22.