Labor Market

Fed Needs To Frontload Interest Rate Cuts, Say 4 Economists: 'Labor Market's Cooling Trend Is Quite Clear'
4 Stocks, 3 ETFs Trading Higher After June Jobs Report
June Jobs Figures Beat Expectations But Unemployment Rate Rises With Slower Wage Growth - A Mixed Bag For Interest Rates
4 Stocks, 3 ETFs Trading Higher After June Jobs Report
June Jobs Figures Beat Expectations But Unemployment Rate Rises With Slower Wage Growth - A Mixed Bag For Interest Rates
June Jobs Report Preview: Cooling Labor Market Trends May Further Bolster Rate Cut Hopes
Alaska Airlines Flight Attendants Secure Pay Bump, 32% Raise Goes To Vote

Labor Market Recent News

Tesla Leads 2024 US Tech Layoffs So Far, Followed By Dell, Cisco, Xerox, PayPal, Microsoft
The U.S. tech industry saw a wave of layoffs in 2024, with Tesla leading the charge by reducing its workforce by 14%. Other giants like Dell and Microsoft also downsized, citing the need for operational streamlining and aligning resources.
Jobless Claims Exceed Estimates, Philly Fed Index Declines, Housing Starts And Permits Fall Sharply: Thursday's Economic Digest
Economic data shows mixed results on Thursday, with higher jobless claims and weak housing starts, but positive future indicators. Market reactions were slight.
Looking For A Job? Microsoft's LinkedIn Introduces Generative AI Transformation For Job Search, Cover Letters
Microsoft subsidiary LinkedIn announced new AI features for job seekers, including conversing with AI, generating cover letters and personalized feedback. These changes could shake up the job market and make digital platforms like LinkedIn even more important.
Stocks Turn To Losses, Bonds Rally On Falling Producer Prices, Rising Jobless Claims: What's Driving Markets Thursday?
Wall Street experienced a rude awakening the day after the Federal Reserve’s June policy meeting, as investors sold off risky assets and shifted to safer bonds and cash in response to the latest batch economic data.
Producer Inflation Rise Less Than Expected, Jobless Claims Soar: Thursday's Economic Digest
Inflation for U.S. producers rose less than expected in May, while jobless claims increased. Market sees higher chance of rate cuts, dollar falls.
Fed Meeting Preview: Economists Predict Steady Rates In June, Fewer Cuts Ahead
Fed to keep rates steady in June, focusing on economic projections. Market expects 4 cuts by 2025, but analysts see only 1 in 2024 due to strong job data and inflation concerns.
Stocks Hit Record Highs, Central Banks Cut Rates, Tight US Jobs Report Dampens Fed Easing Hopes: This Week In The Market
US stock market continues bull market rally, tech sector leads gains, Nvidia hits $3 trillion valuation, labor market tightens, Robinhood acquires Bitstamp, Apple's WWDC 2024 event awaited.
Stocks Reclaim Record Highs As Jobs Data Fuels Growth Optimism; Gold, Bonds Tumble As Yields Rise: What's Driving Markets Friday?
Wall Street returned to reclaim record highs on Friday after a stronger-than-expected jobs report.
Wall Street Reacts To Hot Jobs Report: Stocks Swing As Traders Abandon July Rate Cut Hopes
May labor market report: strong job gains and wage growth, reduces chances of rate cut. Interest-rate sensitive sectors underperform. Top risers: APD, URI, LLY, HUBB, ADP. Top losers: GEN, SHW, FCX, AMT.
Job Market Booms In May: Payrolls Surge More Than Expected, Wages Increase
U.S. labor market beats expectations with 272,000 jobs added in May and 4.1% wage growth. Rising yields and dollar, futures down.
S&P 500, Nasdaq 100 Jointly Hit All-Time Highs, Nvidia Overtakes Apple As Second Most Valuable US Company
The S&P 500 and Nasdaq 100 indices closed at record highs due to investor confidence in AI-driven tech sector growth. Magnificent Seven worth $15T.
Are More Americans Looking For A Job? Here's What The Next Employment Report Might Show
U.S. labor market shows signs of slowdown, with fewer job openings and weaker hiring in May.
152,000 New Jobs Added In May, Missing Expectations: 'Notable Pockets Of Weakness'
"The labor market is solid, but we're monitoring notable pockets of weakness," Nela Richardson, chief economist at ADP, said.
Lauren Goodwin Dismisses Stock Market Correction Fears Amid Recession Concerns: 'We Have A Bit Of Room To Run'
Goodwin's analysis came on the heels of a bond market rally, with long-dated U.S. Treasuries breaking above a key downtrend.
Bond Market Rallies As Recession Worries Mount, Rate Cut Bets Gain Steam Ahead Of Jobs Data
Long-term U.S. Treasuries rally on soft economic data, leading to expectations of Fed rate cut in Sept. Popular TLT ETF breaks key downtrend & 50-day MA, while other bond ETFs see even higher gains.
Mercedes-Benz Workers In Alabama Face Anti-Union Pressure Amid UAW Vote
Over 5,000 workers at Mercedes-Benz plant in Alabama voting on joining UAW union amidst strong anti-union campaign. Politicians also oppose.
Unemployment Claims Surge More Than Expected, Hit 8-Month Peak: Dollar Falls As Traders Bet On Rate Cuts
Unemployment claims rose unexpectedly, signaling weakening labor market. This news caused US Dollar to drop and rate cut expectations to rise.
Immigration Rebound Helps Solve US Inflation Puzzle: Goldman Sachs
U.S. immigration rebound stabilizes wages and inflation. The large influx of low-wage labor helped fill shortages.
Federal Reserve Dismisses Rate Hike Fears, Labor Market Cools, Apple Lures Investors With Record-Breaking Buyback: This Week In The Market
The stock market breathed a sigh of relief as Fed Chair Jerome Powell eased fears of interest rate hikes amid recent inflation surprises.
Stocks Rally As Jobs Report Rekindles Rate Cut Hopes, Apple Rockets, Bitcoin Soars Above $61,000: What's Driving Markets Friday?
A weaker-than-expected jobs report sparked a widespread market rally in the last session of the week, as traders increased expectations on potential interest rate cuts later this year.
Job Market Cools In April: Payrolls Miss Forecasts, Wages Rise Less Than Expected (UPDATED)
U.S. labor market misses April expectations, signaling slower economic growth and potential interest rate cuts. Stocks rise, Treasury yields fall.
April Job Report Preview: How Will Markets React To Latest Economic Data?
April jobs report to be released Friday at 8:30 a.m. Consensus among economists suggests employment growth may slightly dip from March, but overall outlook remains optimistic. Market response likely to be positive based on previous trends.
April Jobs Report Preview: Bank Of America Anticipates Solid Payrolls Growth, Rising Wage Pressures
Bank of America economist predicts 250,000 increase in nonfarm payrolls for April, driven by state and local government, healthcare, education, and leisure and hospitality sectors. Expectations for above-consensus wage growth due to new minimum wage law in California.