Job growth was stronger than expected in September, a sign that the U.S. economy is hanging tough despite higher interest rates, labor strife and dysfunction in Washington.Nonfarm payrolls increased by 336,000 for the month, better than the Dow Jones consensus estimate for 170,000, the Labor Department said Friday in...
A help wanted sign on a storefront in Ocean City, New Jersey, US, on Friday, Aug. 18, 2023. Surveys suggest that despite cooling inflation and jobs gains, Americans remain deeply skeptical of the president's handling of the post-pandemic economy. Photographer: Al Drago/Bloomberg via Getty ImagesAl Drago | Bloomberg |...
Columbia South Carolina, Chick-fil-A, fast food restaurant with sign advertising $15 an hour to be hospitable. Jeff Greenberg | Universal Images Group | Getty ImagesA strong jobs market could equal a weak stock market if current trends hold up.Friday's nonfarm payrolls report will provide a major test for Wall...
Image source: Jaromila | E+ | Getty ImagesConsumers are still splurging for a side of fries with their meals. That can have a positive read through for the economy.Frozen potato supplier Lamb Weston Holdings has seen the share of consumers ordering the iconic side with fast food meals —...
U-Haul hiring sign offering to get paid today and a bonus in New Brighton, Minnesota.Michael Siluk | Universal Images Group | Getty ImagesPrivate payroll growth tailed off sharply in September, according to an ADP report Wednesday that provides a counterweight to other signs that the labor market is still...
The growth of artificial intelligence soon could have some big implications for the labor market, according to Morgan Stanley. Analyst Brian Nowak estimates that the AI technology will have a $4.1 trillion economic impact on the labor force — or affect about 44% of labor — over the next...
An economic indicator the Federal Reserve favors as an inflation gauge rose less than expected in August, showing that the central bank's fight against higher prices is making progressThe personal consumption expenditures price index excluding food and energy increased 0.1% for the month, lower than the expected 0.2% gain...
Washington, D.C. - March 17, 2023: President Joe Biden and House Speaker Kevin McCarthy speak outside the Annual Friends of Ireland Luncheon at the U.S. Capitol.Drew Angerer | Getty Images News | Getty ImagesThe U.S. is in a weaker position now than when S&P downgraded its sovereign credit rating...
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., speaks during the event Chase for Business The Experience - Miami hosted by JP Morgan Chase Bank for small business owners at The Wharf in Miami, Florida, U.S., February 8, 2023.Marco Bello | ReutersJPMorgan...
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. Marco Bello | ReutersJPMorgan Chase & Co. CEO Jamie Dimon says geopolitics after Russia's invasion in Ukraine is the...