labor market
Job Openings Slide to Lowest In 2.5 Years as Labor Market Cooling Continues
In a fresh sign of labor market cooling, the number of job openings in the country has dropped to a two-and-a-half year low as America’s manufacturing sector extends its decline. The Labor Department’s latest Job Openings and Labor Turnover Survey (JOLTS), released on Dec. 5, shows that job openings fell to 8.7 million as of […]
Capitol Report Full Broadcast (Sept. 20)
Attorney General Merrick Garland defended the Department of Justice Wednesday as House Republicans pressed him for answers about the Hunter Biden investigation. President Joe Biden is meeting with leaders of Israel and Brazil amid tensions with both countries. What are leaders talking about as they try to find common ground? There’s no more dress code […]
Stats Reveal Caution in Labor Market: Earle
The latest Job Openings and Labor Turnover Survey or JOLTS report said that U.S. job openings have fallen to the lowest level in over two years. Pete Earle, an economist at the American Institute for Economic Research, spoke about what this statistic means.
Jobless Claims Highest Since 2021
The number of initial unemployment claims in the United States rose to 264,000 in the week that ended on May 6, which is the highest level since October 2021. Continuing claims also increased by 12,000 to 1.81 million in the week having ended on April 29. This suggests that the labor market is gradually cooling, […]
January High Job Numbers May Force Fed’s Hand: Expert
Despite recession fears, there are more signs that the labor market is still strong. The Bureau of Labor Statistics on Feb. 3 reported that the U.S. economy added 517,000 jobs in January. The surge is a big surprise, more than two times higher than expected. The unemployment rate fell to 3.4 percent, a level the […]
Strong Labor Market Is Deflationary: Economist
The U.S. economy added 263,000 jobs in November, according to data released from the Labor Department Friday morning. The unemployment rate held steady at 3.7 percent, while employment growth was widespread both in the goods-producing and service-producing sectors. Average hourly earnings have risen 5.1 percent over the past year. NTD spoke with economist Brian Domitrovic […]
NTD Business Full Broadcast (Nov. 2)
The Fed continues its fight against inflation—raising interest rates 75 basis points Wednesday. We talk with an American business to find out if the rate hikes are working. One of America’s big problems is a shrinking middle class. One top economist says America doesn’t even have a middle class anymore. A top Republican is pushing back against President […]
Economist: Hiring Slowed but Labor Market ‘Resilient’
Private sector job growth came up short of expectations for last month, with U.S. companies adding only 132,000 jobs in August. However, a report by the Reshoring Institute shows that about 350,000 jobs are expected to be restored this year. Julia Pollak, chief economist at ZipRecruiter, offers insight on this from a recruiting perspective.
US Hiring Remains Strong, Says Robert Half Expert
The latest jobs numbers are out. The U.S. economy added 528,000 jobs in July, much more than economists expected. To get an on-the-ground view of the jobs market, NTD spoke with Paul McDonald, senior executive director at human resource consulting firm Robert Half.
NTD Business Full Broadcast (Aug. 5)
A stronger-than-expected jobs report for July has been released. Businesses continue to hire, but what about recession fears? Senate Democrats secure a much-needed vote to pass a huge tax and spending bill. What’s the potential impact to investors if it’s passed? Facebook parent company Meta releases its first bond offering. Is it a good investment? Credit […]
US Economy Added 528K Jobs in July; Key Sen. Sinema Agrees to $430B Spending Bill | NTD Business
A stronger-than-expected jobs report for July has been released. Businesses continue to hire, but what about recession fears? Senate Democrats secure a much-needed vote to pass a huge tax and spending bill. What’s the potential impact to investors if it’s passed? Facebook parent company Meta releases its first bond offering. Is it a good investment? Credit […]
Weekly Jobless Claims Increase, but Labor Market Remains Tight
WASHINGTON—The number of Americans filing new claims for unemployment benefits increased last week, suggesting some softening in the labor market, though overall conditions remain tight. That was underscored by other data on Thursday showing a sharp decline in layoffs announced by U.S.-based companies in July. The still-low level of unemployment claims and brisk pace of […]
Capitol Report (June 3): Biden Brushes Off Musk’s Comment on Economy; Analysis: Inflation to Stay
President Joe Biden touts May’s jobs report, even as he admits it’s overshadowed by record-high inflation. And as Elon Musk warns about the economy, Biden brushes it off. To break down the latest jobs report, and what to expect in the labor market moving forward, we’ll hear from Bankrate’s chief financial analyst. The Biden administration’s […]
US Jobless Claims Fall as Labor Market Remains Tight
There was a decline in the number of Americans filing for new unemployment benefit claims for the week ending May 28, according to latest data from the U.S. Labor Department. The advance figure for seasonally adjusted initial claims was 200,000, down 11,000 from the previous week’s revised total of 211,000. The four-week moving average was 206,500 […]
US Labor Market in Spotlight as Weekly Jobless Claims Hit 4-Month High
WASHINGTON—The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, reaching a four month-high and potentially hinting at some cooling in demand for workers amid tightening financial conditions. Still, the labor market remains tight as the report from the Labor Department on Thursday also showed the ranks of the unemployed were […]
Jobless Claims Climb Higher In Possible Sign of Labor Market Softening
New weekly filings for unemployment insurance—a proxy for layoffs—have risen above analysts’ expectations to a three-month high, prompting some economists to question whether the tight labor market is heading for a softer patch. First-time filings for unemployment insurance rose by 1,000 to 203,000 for the week ending on May 7, the Labor Department said in […]