The first two of four major employment reports this week offered a mixed bag of data, reflecting the current volatility in the U.S. jobs market.
Tag: Sarah House
Inflation Takes Step Back
Inflation—a highly regarded component of Federal Reserve policy—declined in December and slowed on an annual basis, the Bureau of Labor Statistics reported Thursday.
2022 Jobs Finish on Strong Note
Although nonfarm payroll employment slowed toward the end of the year, it finished on a strong, steady pace, the Bureau of Labor Statistics reported Friday.
Fed Slows Pace of Rate Hikes, But Hints at More
In its final policy meeting of an eventful year, the Federal Open Market Committee on Wednesday raised the federal funds rate for the seventh straight meeting, but by 50 basis points instead of 75 basis points, as it had for the past four times.
Fed Slows Pace of Rate Hikes, But Hints at More
In its final policy meeting of an eventful year, the Federal Open Market Committee on Wednesday raised the federal funds rate for the seventh straight meeting, but by 50 basis points instead of 75 basis points, as it had for the past four times.
November CPI Posts Welcome ‘Modest’ Increase
It’s not often that “modest” has economic significance, but when it refers to inflation as of late, then “modest” is perhaps a welcome description.
Employment Holds Steady, Slowing Slightly
November employment numbers slowed slightly from October, the Bureau of Labor Statistics reported Friday.
October Construction Spending Down; ISM Index Contracts for 1st Time Since 2020
Construction spending dipped in October, the Commerce Department reported Thursday, with slight increase in public construction offset by a decline in private construction. Separately, the Institute for Supply Management, Phoenix, reported its Manufacturing Report on Business fell for the first time in two and a half years.
Jobs Reports: ‘Great Resignation’ Starting to Fade
In the first two of four major jobs reports this week, ADP, Roseland, N.J., said private-sector employment slowed to 127,000 jobs in November. And the Bureau of Economic Analysis reported November job openings fell by more than 7 percent from a year ago.
Employers Add 261,000 October Jobs; Unemployment Rate Rises
The Bureau of Labor Statistics on Friday reported employers added 261,000 jobs in October; meanwhile, the unemployment rate ticked up to 3.7 percent.