Hiring has downshifted in recent months, raising concerns of a slowdown after a decade of growth. The unemployment rate has dipped to a 50-year low and weaker payroll growth could be a sign there are fewer workers to hire. The… Read More ›
U.S. Jobs Report
The breakneck pace of hiring slumped in February, a sign that U.S. growth is cooling, though strong wage growth and earlier robust job gains suggest the economy’s near decadelong expansion will endure. U.S. nonfarm payrolls rose a seasonally adjusted 20,000 in February, the Labor Department said Friday, marking the slowest pace for job growth since September 2017—when hurricanes skewed hiring patterns—and falling well below economists’ expectations for 180,000 new jobs.
The U.S. Labor Department’s closely watched monthly employment report on Friday could show moderation in employment growth, in line with a slowing economy that in July will mark 10 years of expansion, the longest on record.
Job growth has remained vibrant despite the slow-growing economy, and that’s a trend investors are anxious to see confirmed in the February employment report on Friday.
U.S. job growth surges in December. U.S. employers hired the most workers in 10 months in December while boosting wages
The upbeat employment report from the Labor Department on Friday stood in stark contrast with reports this week showing Chinese factory activity contracting for the first time in 19 months in December and weak manufacturing across much of Europe and Asia.
StockMarketNews.Today – After another turbulent week of trading worldwide, there’s a lot to keep investors on edge in the week ahead.