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,…
September Jobs Report, Fed Speakers, Earnings From Nike, Carnival
Spencer Platt/Getty Images Central bankers are closely following the labor market after cutting interest rates. Is the labor…
Fed’s Miran Says Economic Vulnerability Calls for Rapid Cuts
(Bloomberg) — Federal Reserve Governor Stephen Miran said the US central bank risks damage to the economy by…
Top economists and Jerome Powell agree that Gen Z’s hiring nightmare is real—and it’s not about AI eating entry-level jobs
The dramatic rise in unemployment among Americans under 25—especially recent graduates—has become one of the most troubling economic…
Accounting for City Size, Minimum Wages Reduce Jobs Almost Everywhere
In new research, Priyaranjan Jha, Jyotsana Kala, David Neumark, and Antonio Rodriguez-Lopez find that studies arguing higher minimum…
Retail sales beat expectations as Americans keep opening their wallets
WASHINGTON (TNND) — Americans continued to open up their wallets and spend last month despite higher prices and…