What is a ‘K-shaped’ economy, and are we in one?
Good morning, everyone. Starbucks launched its holiday menu today. Here’s what you can order, and look out for…
America’s flatlining income growth is hitting Gen Z the hardest, throttling their shot at homeownership, JPMorgan report warns
In a period of their lives when young people are poised to make career leaps and earn more…
The Fed’s Rate Cut Machine Is Just Getting Started—And This Labor Market Data Shows Why
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US weekly jobless claims decline, JPMorgan and Goldman Sachs estimate
By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new applications for jobless benefits fell last week,…
Fed’s Beige Book Report Finds A Stalled Job Market
Justin Sullivan / Getty Images Economic uncertainty has kept the labor market at a virtual standstill. Hiring remains…
Fed’s Powell says economy may be on firmer footing, but job market weak
By Howard Schneider PHILADELPHIA (Reuters) -The U.S. labor market remained mired in its low-hiring, low-firing doldrums through September,…
Americans aren’t worried about the government shutdown. But they remain unnerved about the cost of living and weak hiring
Persistent worries about the higher cost of living and few job opportunities pushed consumer sentiment down to its…
Fed’s Williams backs more rate cuts this year due to labor market slowdown risks, he tells NYT
(Reuters) -Federal Reserve Bank of New York President John Williams backs more interest rate cuts this year given…
Wall Street brushes off unknowns, shutdown to keep reaching new highs
WASHINGTON (TNND) — Wall Street keeps setting new records despite a cloudy outlook for the U.S. economy and…
US may need more slack in job market to hit 2% inflation
By Howard Schneider WASHINGTON (Reuters) -The U.S. labor market likely needs to weaken further for the Federal Reserve…
ADP says private sector sheds jobs as government shutdown halts data
Companies shed 32,000 jobs last month, according to data from payroll processor ADP, marking the biggest private sector…
What’s with all the layoffs?
In case you missed it, we’re in the midst of a low hiring, low firing job market. Meaning,…