Job growth fell short of expectations in September as efforts by the Federal Reserve to slow inflation appeared to take their toll on hiring, the Labor Department reported Friday. Nonfarm payrolls increased by 263,000 for the month, compared to the Dow Jones estimate of 275,000. The unemployment rate was 3.5% vs the forecast of 3.7% … Read more
Hiring in July was far better than expected, defying signs that the economic recovery is losing steam, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls rose 528,000 for the month and the unemployment rate was 3.5%, easily topping the Dow Jones estimates of 258,000 and 3.6%, respectively. Wage growth also surged higher, as average … Read more
‘Without sustained rapid wage growth, an inflation spike can’t become a spiral,’ one observer said Inflation is hot just like the job market, but the March jobs report showed there aren’t a lot of jobs where wage growth is standing up to heated prices. That is, with some exceptions — which may hint a lot … Read more
Workers are reaping the biggest raises in decades Surging inflation, high gas prices, and the war in Ukraine have made Americans more pessimistic, but the hottest labor market in decades shows the U.S. economy is still booming. The U.S. added 431,000 new jobs in March and the unemployment rate fell to 3.6%, reflecting widespread hiring and an … Read more
