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 …
Weekly jobless claims rise in line with estimates Moderna and Pfizer in place as FDA clears updated COVID boosters Exxon climbs after strengthening its buyback program Indices up: Dow 0.55%, S&P 0.75%, Nasdaq 1.13% Dec 8 (Reuters) – The S&P 500 (.SPX) ended higher on Thursday, ending a five-game losing streak as investors interpreted data …
The number of Americans filing new claims for unemployment benefits increased moderately last week, indicating a still tight and strong labor market despite growing fears of a recession as the US Federal Reserve battles to rein in demand . Although the US Department of Labor’s weekly jobless claims report on Thursday showed jobless listings, or …
US labor market remains tight as unemployment hits 10-month high Read More »
The Dow Jones Industrial Average gained more than 200 points on Thursday as energy stocks and China-exposed issues boosted early trade. Weekly jobless claims data from the Labor Department came in higher than expected. And Tesla stock briefly fell nearly 3% after Bloomberg reported the company had shortened Shanghai factory shifts and delayed new hires …
Stocks climb after unemployment insurance claims; Inflation data on deck Read More »
© Reuters By Geoffrey Smith Investing.com — U.S. releases weekly jobless claims amid tight labor market scare, Costco, Lululemon and Broadcom report results. China’s rally comes to a halt to catch its breath as investors focus on the risk of the spread of the COVID-19 virus and Vladimir Putin begins to shake his nuclear saber …
The Federal Reserve’s efforts to stamp out high inflation will push the U.S. unemployment rate to at least 5.5% as the world’s largest economy tumbles into a recession next year, a majority say. leading academic economists interviewed by the Financial Times. The latest survey, conducted by the University of Chicago Booth School of Business’s Initiative …
US unemployment rate set to top 5.5%, economists predict Read More »
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 …
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 »
10,000 Hours | Digital Vision | Getty Images A recent wave of tech layoffs could have American workers wondering if their job is next on the chopping block. So far, there’s little evidence that the thousands of cuts to big tech companies — Meta, Amazon and Twitter, to name a few — are bleeding into …
Tech layoffs may not bode ill for the U.S. economy as a whole Read More »
10,000 Hours | Digital Vision | Getty Images A recent wave of tech layoffs could have American workers wondering if their job is next on the chopping block. So far, there’s little evidence that the thousands of cuts to big tech companies — Meta, Amazon and Twitter, to name a few — are bleeding into …
Tech layoffs may not bode ill for the U.S. economy as a whole Read More »
