Global trading house Cargill said on Tuesday it plans to cut around 5 percent of its staff, or about 8,000 jobs after revenue slumped in its most recent fiscal year as crop prices hit multi-year lows. Agricultural merchants including privately held Cargill are under pressure as prices of the commodity crops they trade, such as […]
In the final comprehensive snapshot of the national labor market heading into next week’s presidential election, the economy added a much smaller-than-expected number of jobs in October. Last month, there were just 12,000 new jobs, below the consensus estimate of 113,000. This represented the smallest monthly employment gain since December 2020. According to the Bureau […]
WASHINGTON—U.S. job openings tumbled last month to their lowest level since January 2021, a sign that the labor market is losing some momentum. Still, posted vacancies remain well above pre-pandemic levels. The Labor Department reported Tuesday that the number of job openings dropped to 7.4 million in September from 7.9 million in August. Economists had […]
The U.S. economy created a much larger-than-expected number of new jobs in September, spotlighting the persistent strength in the national labor market. According to the Bureau of Labor Statistics, 254,000 new jobs were added last month, topping the consensus estimate of 140,000 positions. This was up from 159,000, which was adjusted higher from 142,000. The […]
Job openings unexpectedly increased in August while new hires and layoffs were little changed, according to new data from the Bureau of Labor Statistics (BLS). The Job Openings and Labor Turnover Summary (JOLTS) showed that the number of employment vacancies rose by 330,000, to 8.04 million, the highest level since May. The July reading was […]
The latest jobs report echoes a growing trend of a loss in full time jobs, with a growth in part-time, lower wage work, according to EJ Antoni, public finance economist at The Heritage Foundation. Additionally, the Fed is expected to cut rates, but this may not address underlying economic issues, he says. Meanwhile, China faces […]
Employers added an estimated 142,000 jobs last month, according to data released Friday by the Bureau of Labor Statistics. Economists were expecting a net gain of 160,000 jobs. The unemployment rate dropped to 4.2 percent. NTD speaks to Brandon Arnold, executive vice president for The National Taxpayers Union, for analysis on the latest job numbers. […]
The U.S. economy created fewer jobs than the market projected in August as the overheated labor market of the past few years continues to show signs of cooling off. Last month, payrolls increased by 142,000, falling short of the consensus estimate of 160,000, according to the Bureau of Labor Statistics (BLS). The unemployment rate eased […]
U.S. job openings plunged in July to their lowest level since January 2021, suggesting that the labor market is slowing down and may trigger the Federal Reserve to issue a large rate cut later this month. July’s job openings, considered a key measure of labor demand, fell by 237,000 to 7.673 million for the month, […]
The U.S. economy created 818,000 fewer jobs—or 30 percent—than the Bureau of Labor Statistics (BLS) reported from April 2023 to March 2024, representing the largest downward revision to payrolls since the global financial crisis. The updated numbers were a part of the Department of Labor’s annual benchmark revisions to the payroll data. The BLS adjusts […]
Cisco Systems said on Wednesday it was witnessing rebounding demand for its networking equipment and announced a 7 percent cut in its global headcount to focus on high-growth areas such as AI and cybersecurity. Shares of the company were up 5 percent in extended trading after it forecast upbeat current-quarter revenue. “Inventory digestion is complete […]
The number of Americans filing for unemployment benefits fell last week, delivering a hopeful sign that the labor market is holding up despite a recent spate of data suggesting it may be cracking. Initial jobless claims, which are a high-frequency data point seen as a proxy for unemployment, fell by 17,000 to 233,000 for the […]
The U.S. economy created fewer jobs than expected while the unemployment rate increased, signaling that the labor market could be going through a rapid deceleration at a time when the Federal Reserve could soon be cutting interest rates. According to the Bureau of Labor Statistics (BLS), there were 114,000 new jobs in July, down from […]
A new Bankrate survey has revealed that more Americans have been working two jobs—one full time and one side hustle—in the last two years as inflation has reached almost 21 percent since February, 2020. Some 36 percent of U.S. adults said they earned income beyond their full-time jobs, while the amount of money earned has […]
The U.S. economy created a higher-than-expected 208,000 new jobs in June while the unemployment rate ticked up, offering a mixed assessment of the current labor market at a time when the broader economy is showing signs of cooling down. In the first six months of 2024, the U.S. economy created around 1.3 million new jobs, […]
The U.S. economy created far more jobs than expected in May and annual wage growth reaccelerated. The Labor Department’s closely watched employment report on Friday also showed the unemployment rate ticked up to 4.0 percent from 3.9 percent in April, a symbolic threshold below which the jobless rate had previously held for 27 straight months. […]
The U.S. economy created far more jobs than expected in May and annual wage growth reaccelerated, adding pressure on the Federal Reserve to hold off on interest rate cuts. Stock influencer Keith Gill’s first livestream in three years failed to spark enough investor enthusiasm in GameStop on Friday to reverse a nearly 40 percent slump […]
The U.S. economy created 272,000 new jobs in May, topping economists’ estimates and defying observations that the labor market could be cooling off. The latest figure could further challenge investor expectations that the Federal Reserve might pull the trigger on an early rate cut. The latest reading was up from the April gain of 165,000 […]
A new report from the banking and personal finance site WalletHub named Washington as having the best state economy in the United States, while Mississippi had the worst ranking. The report used 28 key indicators of economic performance and strength, including three key dimensions: economic activity, economic health, and innovation potential. Some of the other […]
