Other participants had experienced something similar. Adnan Rizvanovic, a Bosnian in his 60s who now works as a gardener for the program, had once driven trucks and taxis and worked in logistics. Driver wages plummeted after Uber and its local Austrian competitors entered the taxi market; after two heart attacks, Rizvanovic decided it was best …
Bank of America CEO Brian Moynihan stands by his earlier predictions that a US recession, if it occurs, will not be as bad as people fear. “How could you have a recession without unemployment?” Moynihan asked on CBS News Confront the Nation program on Sunday, citing the 263,000 new jobs reported in the US jobs …
Gen Zers are taking on credit card debt — and missing payments — at an increasing rate. We spoke with three of them about the financial difficulties they are facing. Student debt, inflation and housing costs continue to be obstacles as a recession looms. Loading Something is loading. Thank you for your registration! Access your …
Gen Zers Are Going Into Debt, Roommates And Taking On More Jobs As Their Economy Worsens Read More »
Friday’s jobs report showed that the booming US economy is creating hundreds of thousands of jobs, suggesting rising prices are here to stay despite the Federal Reserve’s efforts to contain them. The United States added 263,000 jobs in November, according to the federal jobs report released Friday, well above the 200,000 job gains expected by …
Three signs from today’s jobs report that suggest inflation will remain elevated Read More »
Comment this story Comment The US economy added hundreds of thousands of jobs in November, bolstering a labor market that has proven surprisingly resilient and further complicating the Federal Reserve’s task of reducing inflation. Employers added 263,000 jobs last month — a slight slowdown from October’s 284,000 jobs, but still well above historical norms, according …
The Dow Jones Industrial Average briefly dipped more than 350 points after a better-than-expected November jobs report on Friday morning. Tesla’s stock plummeted after delivering its first all-electric semi-trailer truck. X Report on jobs, income movers The Labor Department’s November jobs report is out at 8:30 a.m. ET. The US economy added 263,000 jobs in …
The US economy added more jobs than expected in November, a sign that demand for new workers remains strong despite the Federal Reserve’s efforts to cool the economy. Nonfarm payrolls rose 263,000 last month, versus 200,000 expected, according to data released by the Bureau of Labor Statistics. The figures marked a decline from the upwardly …
US economy adds more jobs than expected in November Read More »
US employers added 263,000 jobs in November as hiring remained strong despite rising interest rates, high inflation and growing recession concerns. The jobless rate held steady at 3.7%, the Labor Department said Friday. Economists polled by Bloomberg estimated that 200,000 jobs were added last month. Payroll gains were revised down from 46,000 to 269,000 for …
U.S. stocks fell Friday morning after stronger-than-expected jobs data prompted investors to recalibrate their expectations around when the Federal Reserve will pause its rate hike campaign. The Labor Department’s monthly jobs report for November showed payrolls rose 263,000, more than expected, while unemployment held steady at 3.7%. Bloomberg expected an impression of 200,000 for the …
Live stock market news updates: Stocks slide after stronger-than-expected jobs report Read More »
My Top 10 Things to Watch Friday, December 2, 2022 1. US stock futures point to a weaker open as bond yields rise on stronger-than-expected job growth and wage inflation in November. Non-farm payrolls increased by 263,000. The country’s unemployment rate remains, as expected, at 3.7%. Average hourly earnings up 0.6% month-over-month and 5.1% year-over-year, …
