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The Labor Department said Thursday that 310,000 Americans filed for first-time unemployment benefits. Analysts were expecting 335,000 new filings.
READ MOREU.S. stock averages fell as investors grow more worried about a forthcoming economic slowdown. The number of unfilled jobs hit a record 10.9 million, this as the Federal Reserve’s Beige Book, a regional snapshot of the economy, showed growth slowed across several regions amid rising inflation.
READ MOREThe number of job openings in the U.S. hit a record high for a fifth straight month in July as employers continued to have difficulty finding workers.
READ MOREU.S. stocks kicked off early trading on a down note with all three of the major stock averages falling in early trading. Investors returning to the market following the long holiday weekend turned their attention to the possibility of a slowing economy as firms dial down growth estimates for GDP.
READ MORENonfarm payrolls increased by 235,000 workers in August as the unemployment rate fell to 5.2%, the Labor Department said Friday. Analysts surveyed by Refintiv had expected the addition of 728,000 jobs and the unemployment rate to fall to 5.2%. The job gains in the July report were revised higher by 110,000 to 1.053 million.
READ MOREThe Labor Department said Thursday that 340,000 Americans filed for first-time jobless benefits in the week ended Aug. 28, down 14,000 from the prior week. The reading was the lowest since March 14, 2020.
READ MOREU.S. private-sector hiring rose much less than expected last month as a resurgence in new COVID-19 infections stunted job gains. The U.S. economy added 374,000 private-sector jobs in August, a modest increase from the downwardly revised 326,000 jobs added in July, according to the ADP National Employment Report released Wednesday. Analysts surveyed by Refinitiv had
READ MOREFederal Reserve Chairman Jerome Powell signaled Friday the U.S. central bank expects to begin unwinding some of its ultra-easy monetary policies by the end of the year as the U.S. economy continues to rebound from the COVID-19 pandemic
READ MOREThe U.S. economy grew faster than previously thought during the second quarter, but that was not enough to exceed economists’ expectations. Gross domestic product, the broadest measure of economic performance, increased 6.6% in the three months through June, according to a second estimate released Thursday by the Commerce Department. Economists surveyed by Refinitiv had expected
READ MOREProducer prices accelerated at the fastest annual pace on record in July as supply chain disruptions and materials shortages continued to put upward pressure on costs.
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