Economists expect the Bureau of Labor Statistics to report a gain of 155,000 jobs, a step down from the surprising 227,000 increase in November.
The Labor Department estimates the economy added 256,000 jobs in December, indicating a resilient economy and labor market. For the Federal Reserve, which was already signaling a slowdown in rate cuts,
Stock futures jumped after Wall Street finally got an encouraging update on inflation. The producer price index rose 0.2% in December on a monthly basis, the Bureau of Labor Statistics said Tuesday. Economists polled by FactSet were forecasting a 0.
US stocks surged higher Wednesday after an encouraging inflation report and blockbuster profits for some of America’s biggest banks.
And some on Wall Street think this report may have ... "Inflation is stuck above target, with upside risks." Data from the Bureau of Labor Statistics released Friday showed 256,000 new jobs ...
All three of the US market averages (^DJI, ^IXIC, ^GSPC) fell by over 1.5% each — the Nasdaq Composite and Dow Jones Industrial Average both declined by 1.63% — in response to December's jobs data reported this morning.
U.S. stocks were surging on Wednesday morning as Treasury yields fell after core inflation data came in below expectations, boosting bets that the Federal Reserve will still be able to cut interest rates this year.
Wall Street stocks fell, with the broad S&P 500 off 1.7 per cent and the tech-heavy Nasdaq Composite down 2.3 per cent. The S&P 500 fell to its lowest since the November 5th US election, erasing a rise over the period of as much as 5.5 per cent, according to FactSet data.
The post-pandemic years have not been kind to American consumers. Prices are up, as well as interest rates on credit cards and loans. That has resulted in many families having a hard time making
Federal employees subject to a return-to-office mandate issued by the Trump White House on Monday are grappling with coming increases in their annual spending - by anywhere from hundreds to thousands of dollars - for transportation, food, apparel and child care that had previously been reduced by working remotely.
Newly inaugurated President Donald Trump has fired another shot in the ongoing battle over remote work, requiring federal employees to return to their offices.
As U.S. President Donald Trump returns to the White House, it already seems clear that his second term will look little like his first. Many of Trump’s first-term appointments distanced themselves from his views and even denounced him.