US Job Growth Slows to 50,000 in December Amid Unemployment Drop
Originally Published 2 days ago — by Financial Times
The US economy added only 50,000 jobs in December, significantly below expectations, indicating a slowdown in employment growth.
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Stock Futures Dip Amid Economic Uncertainty and Mixed Market Trends
Originally Published 26 days ago — by CNBC
Stock futures declined as investors reacted to mixed US economic data, including a job report showing job losses in October but gains in November, leading to a third consecutive day of losses for major indexes. The market is also awaiting upcoming Federal Reserve speeches and CPI data, amid concerns about economic slowing and a potential shift towards fixed income investments.
Wall Street dips amid slowdown fears and rate-cut hopes
Originally Published 4 months ago — by Reuters
Wall Street's major indexes declined from record highs due to concerns about economic slowdown after a weak August jobs report, which increased expectations of aggressive interest rate cuts by the Federal Reserve. Despite some positive earnings like Broadcom's forecast, sectors like banking, energy, and industrials fell, and major stocks like Lululemon dropped significantly following profit forecast cuts. The market's outlook remains cautious amid mixed economic signals.
Congress and the US Labor Data: Reasserting Credibility Amid Political Tensions
Originally Published 5 months ago — by NPR
Sen. Amy Klobuchar criticizes President Trump’s economic policies, especially tariffs and the firing of a labor official, arguing that Congress needs to reassert its power to check the administration's actions amid slowing job growth and economic concerns.
Trump to Announce New Labor and Federal Reserve Appointments Soon
Originally Published 5 months ago — by ABC News
President Donald Trump announced he will hire a new Bureau of Labor Statistics commissioner within a few days after firing the previous one, amid claims that the recent jobs report was manipulated, which he continues to assert without evidence. The White House aims to have 'own people' in charge of the data, and Trump is also preparing for a diplomatic trip to Russia.
Wall Street Plunges on Weak Jobs Data and Rising Tariff Fears
Originally Published 5 months ago — by Fortune
The stock market plummeted over 500 points due to disappointing July job numbers and tariff concerns, with the Dow dropping 542 points amid fears of economic slowdown and trade tensions, while Trump publicly criticized the Fed's interest rate policies.
Trump dismisses Labor Statistics chief amid disappointing job reports
Originally Published 5 months ago — by CBS News
President Trump ordered the firing of BLS commissioner Erika McEntarfer after a disappointing July jobs report showed weak job growth and significant revisions to previous months, raising concerns about data integrity and politicization of economic statistics.
US Economy Surges in Q2 Despite Tariffs
Originally Published 5 months ago — by ABC News
A critical week of U.S. economic data, including GDP, Federal Reserve interest rate decision, and jobs report, will test the resilience of the economy amid ongoing tariffs and trade policy uncertainties, with experts cautious about drawing definitive conclusions from short-term fluctuations.
Veteran Fund Manager Revises July Fed Rate Prediction Post-Jobs Data
Originally Published 6 months ago — by TheStreet
A strong June jobs report has led to a reassessment of the Federal Reserve's plans to cut interest rates in July, with the likelihood of a rate cut dropping significantly due to robust employment data and ongoing inflation concerns influenced by tariffs. This suggests the US economy remains resilient, complicating the Fed's balancing act between controlling inflation and supporting employment, and potentially delaying rate cuts until later in the year.
Tech Giants Lead Market Rally as Jobs Report Looms
Originally Published 2 years ago — by Investor's Business Daily
The stock market rebounded with big-cap tech companies leading the way, as major indexes approached 52-week highs. Advanced Micro Devices (AMD) and Google parent Alphabet (GOOGL) saw significant gains following their artificial intelligence announcements, positioning them to compete with Nvidia (NVDA) and Microsoft (MSFT) respectively. Other megacaps such as Apple (AAPL), Amazon.com (AMZN), and Meta Platforms (META) also reclaimed buy points. The November jobs report is expected to be released, which could impact Dow Jones futures and Treasury yields.
Stock Market Reacts to Shutdown Aversion: Dow Jones Drops, Tesla Stock Declines
Originally Published 2 years ago — by Investor's Business Daily
The Dow Jones Industrial Average dropped 150 points after the U.S. government averted a shutdown by passing legislation to extend funding through mid-November. Tesla stock also fell after the company reported weaker-than-expected third-quarter deliveries. The stock market is currently in a correction, and investors are advised to hold market exposure in the 0%-20% range. The September job report, expected to show moderate strength, is a key economic report to watch this week.
Stock Market Reacts to Unemployment Data: Lululemon and Tesla Stocks in Focus
Originally Published 2 years ago — by Investor's Business Daily
The stock market stabilized in afternoon trading after initially rallying on the August jobs report. The Nasdaq pulled back, while the Dow Jones Industrial Average and S&P 500 trimmed earlier gains. Lululemon stock surged nearly 5% after reporting strong Q2 earnings and raising its full-year guidance. Other notable stock movements include Toll Brothers, Samsara, Stride, Nutanix, Dell Technologies, MongoDB, and Broadcom. The job gains exceeded expectations, but the unemployment rate rose slightly. The Federal Reserve will consider these factors in its next policy decision. The August Purchasing Managers' Manufacturing Index showed a slight improvement, indicating expansion.
"Optimistic Outlook: U.S. Stocks Surge as Rate Hike Pause Looms"
Originally Published 2 years ago — by Investing.com
U.S. stocks are rising as investors anticipate a pause on rate hikes, despite weaker than expected economic data. The hope is that Friday's job report for August will provide further insight. The ADP private payrolls report showed fewer jobs added than expected, suggesting a loosening labor market. This has increased expectations that the Federal Reserve may end its rate-hiking cycle in September. In Europe, German inflation rose in August, putting pressure on the European Central Bank to continue hiking interest rates. HP stock slumped due to slowing PC demand. Oil prices rose after industry data indicated a significant draw in stockpiles and concerns about a hurricane in the Gulf of Mexico.