US jobless claims inch down as labor market remains tight
Synopsis by BostonGlobe.com Mar 23 23
In Massachusetts, about 11,253 individuals filed new claims for unemployment benefits last week, up 1 ...Read full article 
AP NEWS: US jobless claims inch down as labor market remains tight
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| Last Updated | Mar 23 23 |
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US jobless claims inch down as labor market remains tight: The labor market continues to defy Federal Reserve attempts to cool hiring, with U.S.
apnews.com/article/jobless-claims-layoffs-unemployment-benefits-0e4fff203da34c5391fd1b81f8e3bd9b
US jobless claims inch down as labor market remains tight: The labor market continues to defy Federal Reserve attempts to cool hiring, with U.S ...
ajc.com/news/nation-world/us-jobless-claims-inch-down-as-labor-market-remains-tight/SRTUGH5H5JAF5FKBDLDXOPADS4/
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US jobless claims inch down as labor market remains tight: The labor market continues to defy Federal Reserve attempts to cool hiring, with U.S.
apnews.com/article/jobless-claims-layoffs-unemployment-benefits-0e4fff203da34c5391fd1b81f8e3bd9b
US jobless claims inch down as labor market remains tight: The labor market continues to defy Federal Reserve attempts to cool hiring, with U.S ...
ajc.com/news/nation-world/us-jobless-claims-inch-down-as-labor-market-remains-tight/SRTUGH5H5JAF5FKBDLDXOPADS4/
Construction boom helps fuel job gains in March: U.S. employers added 303,000 jobs last month, and the unemployment rate dipped to 3.8% ...
npr.org/2024/04/05/1243019330/construction-jobs-unemployment-federal-reserve
Quick Glance: US economy adds impressive 303,000 jobs last month
- Employers added 303,000 jobs in March, bringing the unemployment rate down to 3.8%.
- US stock futures rose slightly on Friday morning, but markets have had a rough week.
- The S&P 500 companies are expected to report positive first-quarter earnings, fueling optimism in the market.
- Investors are hopeful for a strong earnings season to continue the stock rally amidst concerns about inflation and interest rates.
February Jobs Report: U.S. Job Growth Remains Strong: The labor market showed resiliency in February, adding 275,000 jobs, a sign that economic growth is still ...
nyti.ms/43aKBST
Quick Glance: Slower, but strong US job growth expected
- Forecast: Nonfarm payrolls to increase by 200,000 in February
- Unemployment rate expected unchanged at 3.7%
- Average hourly earnings to rise 4.4% year-on-year
- Labor market remains strong despite potential rate cuts
The Middle Truth in the Inflation Muddle | by Barry Eichengreen - Project Syndicate
project-syndicate.org/commentary/why-fed-critics-are-wrong-about-monetary-policy-role-by-barry-eichengreen-2024-02
U.S. economy adds whopping 353,000 jobs in January: The first look at the 2024 labor market shows it's is on fire — not slowing down as previously thought.
axios.com/2024/02/02/us-jobs-report-january-2024
Quick Glance: Record Number of New Jobs in the US in January
- New data from the Labor Department shows that the US economy added 353,000 jobs in January, with the unemployment rate at 3.7 percent.
- The January jobs report far exceeded economists' expectations, who predicted a gain of 185,000 jobs and an unemployment rate of 3.8 percent.
- "The labor market is the little engine that could, and it kept chugging away in January," said John Leer, chief economist at Morning Consult.
- The surprisingly strong jobs report will exclude a rate cut in March and raises questions about how quickly the Fed will actually lower interest rates.
Job openings stay close to lowest level since 2021: The number of open jobs in the economy stayed pretty flat in November, near a 2 1/2-year low reached in ...
thehill.com/business/4386911-job-openings-stay-close-to-lowest-level-since-2021/
Quick Glance: US Job Market Bounces Back
- Significance: The demand is sufficient to not stoke inflation but still robust for workers to find a job.
- Latest News: In November, 8.8 million job postings were reported according to the latest Job Openings and Labor Turnover Survey.
- Hiring: 5.5 million new hires - 363,000 fewer than in October.
- Resignations: The number of resignations fell to 3.5 million, a decrease of 157,000 from the previous month.
Here’s why high interest rates haven’t caused a US recession: US interest rates have been at 23-year high for months, yet unemployment is low ...
cnn.com/2024/03/19/economy/interest-rates-us-recession-fed/
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U.S. payrolls increased by 216,000 in December, much better than expected: Nonfarm payrolls were expected to increase by 170,000 in December, according to a Dow ...
cnbc.com/2024/01/05/jobs-report-december-2023-payrolls-increased-by-216000-in-december.html
Quick Glance: US Employers Add Strong 216,000 Jobs in December
- In December, the nation's employers added robust 216,000 jobs without COVID-19 lockdowns.
- December's job gain exceeded the 173,000 added in November.
- The government reported a strong job market, with steady job growth, rising wages, and cooling inflation.
- The Fed prefers having more people enter the labor force to help ease the pressure on employers to sharply boost pay.
Steep Fed rate cuts coming as job market weakens: Wells Fargo: The job market is probably only half as strong as it looks on the surface, Wells Fargo strategist ...
businessinsider.com/fed-rate-cuts-outlook-recession-economy-job-market-unemployment-rate-2024-2
Paid articlePaid
SGOV: The Federal Reserve May Not Cut Rates In 2024: SGOV is a risk-free asset since it is tied to Treasury bonds with a short-term maturity rate ...
seekingalpha.com/article/4682583-sgov-federal-reserve-may-not-cut-rates-2024
Paid articlePaid US applications for jobless benefits fall to lowest level in 12 weeks: The number of Americans applying for unemployment benefits inched down to its lowest level ...
apnews.com/article/unemployment-benefits-jobless-claims-layoffs-labor-086eb9142210f9ea195fcc2212e8017a
Stock market today: jobs in focus as investors await March non-farms: The March non-farm payrolls report, due to be published at 8.30 a.m. ET ...
markets.businessinsider.com/news/stocks/stock-market-news-today-jobs-report-unemployment-inflation-federal-reserve-2024-4
Bloomberg Evening Briefing: Blowout Jobs Report Powers Wall Street Gains: Get caught up.
bloomberg.com/news/newsletters/2024-04-05/bloomberg-evening-briefing-blowout-jobs-report-powers-wall-street-gains
Fed's Barkin: "That's a quite strong jobs report": Richmond Federal Reserve Bank President Thomas Barkin on Friday said the unexpected surge in employment in ...
reuters.com/markets/rates-bonds/feds-barkin-thats-quite-strong-jobs-report-2024-04-05/
Fed’s Powell Ready to Support Job Market Even if Inflation Lingers: As inflation surged in 2022, the Federal Reserve moved to prevent a wage-hike spiral by ...
bloomberg.com/news/articles/2024-03-24/fed-s-powell-ready-to-support-job-market-even-if-inflation-lingers
Paid articlePaid Gen Z increasingly has no income, cannot retire or buy houses: A growing group of Gen Zers aren't working or going to school.
businessinsider.com/gen-z-increasingly-no-income-cannot-retire-or-buy-houses-2024-3
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Glynn’s Take: RBA’s Caution Continues to Pay off as Fed Script Is Rewritten: The Reserve Bank of Australia’s caution about moving the policy needle too close to ...
wsj.com/economy/central-banking/glynns-take-rbas-caution-continues-to-pay-off-as-fed-script-is-rewritten-da159a19
What to Expect From Fed Meeting March 2024: The Federal Reserve will likely avoid signaling an imminent rate cut this week, staying focused on stubborn inflation ...
bloomberg.com/news/articles/2024-03-19/what-to-expect-from-fed-meeting-march-2024
Paid articlePaid Stock Markets Today: Fed rates, US stocks, French unemployment, UK homes, BOJ: Get up to speed with what the markets are monitoring
bloomberg.com/news/newsletters/2024-03-28/stock-markets-today-fed-rates-us-stocks-french-unemployment-uk-homes-boj
Australia Interest Rates: RBA Set to Extend Rate Pause
bloomberg.com/news/articles/2024-03-17/australia-set-to-extend-rate-pause-as-economy-enters-slow-lane
Paid articlePaid The Surge in Part-Time Workers Is Getting a Bad Rap: The implication is that these jobs are of lower quality, so the labor market is not as strong as the ...
bloomberg.com/opinion/articles/2024-04-03/the-surge-in-part-time-workers-is-getting-a-bad-rap
Paid articlePaid Fed Gets More Reasons to Delay Interest-Rate Cuts in February PPI, Jobless Data: Fresh data on inflation and unemployment filings gave Federal Reserve officials ...
bloomberg.com/news/articles/2024-03-14/fed-gets-more-reasons-to-delay-interest-rate-cuts-in-latest-data
Paid articlePaid Jobs Numbers Mean Fed Could Cut Rates — But It Won’t (Yet): The latest jobs data are a reminder that the US economy might just come in for a landing this year.
bloomberg.com/opinion/articles/2024-03-11/jobs-numbers-mean-fed-could-cut-rates-but-it-won-t-yet
Paid articlePaid Bloomberg Evening Briefing: Robust US Employment May Be Slowly Downshifting: Get caught up.
bloomberg.com/news/newsletters/2024-03-08/bloomberg-evening-briefing-robust-us-employment-may-be-slowly-downshifting
Stock Market Today: Dow, S&P Live Updates for March 5: Asian equity markets were under pressure Tuesday with investors focused on China, where officials have set ...
bloomberg.com/news/articles/2024-03-04/stock-market-today-dow-s-p-live-updates
The Jobs Report Points to an Interest Rate Cut in June: Look for the Federal Reserve to make the first of three rate cuts in June. After that ...
barrons.com/articles/the-jobs-report-points-to-an-interest-rate-cut-in-june-c5da8607
Paid articlePaid Gold Rises After February 2024 US Jobs Report: Gold extended its rally to a fresh record high after a key US jobs report bolstered expectations that the Federal ...
bloomberg.com/news/articles/2024-03-08/gold-extends-record-run-with-sights-on-2-200-after-us-jobs-data
Transcript: Fed Chief Jerome Powell’s Postmeeting Press Conference: Federal Reserve Chairman Jerome Powell discussed why the central bank left its benchmark ...
wsj.com/articles/transcript-fed-chief-jerome-powells-postmeeting-press-conference-fa2c9d32
Why the stock markets are so nervous about today's Fed interest rate decision: The economy in the USA is doing better than expected, but inflation has recently ...
diepresse.com/18290769/warum-die-boersen-vor-der-heutigen-zinsentscheidung-der-fed-so-nervoes-sind
Paid articlePaid
Another burst of hiring shows off the resilience of the US job market: Last month’s job growth marked an increase from a revised gain of 229,000 jobs in January ...
english.elpais.com/economy-and-business/2024-03-09/another-burst-of-hiring-shows-off-the-resilience-of-the-us-job-market.html
Fed Wants to Bring US Interest Rates Down at Slow Pace in 2024: There’s a saying about how the Federal Reserve manages interest rates: They go up the escalator ...
bloomberg.com/news/articles/2024-02-27/fed-wants-to-bring-us-interest-rates-down-at-slow-pace-in-2024
Homeowners Versus Renters Is the New Elite Divide in the US: The high inflation and rock-bottom mortgage rates of just a few years ago created a different form ...
bloomberg.com/opinion/articles/2024-03-08/homeowners-versus-renters-is-the-new-elite-divide-in-the-us
Paid articlePaid CPI: Fed’s Data Dependence Fails When the Data Isn’t Dependable: Central bankers shouldn’t let month-to-month noise in consumer price inflation prevent them from ...
bloomberg.com/opinion/articles/2024-03-12/cpi-fed-s-data-dependence-fails-when-the-data-isn-t-dependable
Paid articlePaid Fed Meeting January 2024: Fed Holds Rates Steady, Signals Openness to Cut: The Federal Reserve held interest rates steady for a fourth straight meeting and ...
bloomberg.com/news/articles/2024-01-31/fed-holds-rates-steady-and-inches-closer-to-cutting-in-future
Paid articlePaidQuick Glance: Labor Cost Data Signals Inflation Improvement
- Recent ECI data shows significant decline in labor cost growth, indicating easing inflation and a shift in the Fed's monetary policy.
- The Employment Cost Index (ECI), the Fed's preferred measure of labor costs, saw its smallest quarterly increase in over two years, signaling a positive change in the central bank's inflation fight.
- ECI data for the quarter suggests a cooling of inflationary pressures within the job market, crucial for the Fed's monetary policy decisions.
- The decline in labor cost growth supports the Fed's confidence that the current reduction in inflation is sustainable and signals a move toward more balanced labor market conditions.
Two-Year Treasuries Gain as Jobs Data Boost Bets on June Fed Cut: Short-dated Treasuries gained on Friday after a US labor-market report emboldened traders to ...
bloomberg.com/news/articles/2024-03-08/bond-market-looks-to-jobs-data-to-validate-rate-cut-expectations
Concentrated US Payrolls Growth Likely Masked Cooling, BE Says: The US Bureau of Labor Statistics will likely issue another strong jobs report Friday ...
bloomberg.com/news/articles/2024-03-08/concentrated-us-payrolls-growth-likely-masked-cooling-be-says
Paid articlePaid Sales of Previously Owned US Homes Rise by Most in Nearly a Year: Sales of previously owned US homes rose in January by the most in nearly a year as buyers took ...
bloomberg.com/news/articles/2024-02-22/sales-of-previously-owned-us-homes-rise-by-most-in-nearly-a-year
Paid articlePaid The Fed Contrarian Who Saw the Soft Landing Coming: The influence of Christopher Waller, a Trump appointee, rises as he challenges economic orthodoxy.
wsj.com/economy/central-banking/the-fed-contrarian-who-saw-the-soft-landing-coming-9a4f1b9f
January Jobs Report Was a Blowout. Disregard the Seasonal Noise.: The economy and stock market are on a hot streak. Meanwhile, traders’ rate-cut expectations are ...
barrons.com/articles/january-jobs-report-was-a-blowout-disregard-the-seasonal-noise-8bfa30cd
Paid articlePaid Deutsche Bank (DBK GR) Walks Back Initial US Recession Prediction: Deutsche Bank AG was the among the first Wall Street banks out of the gates to predict a US ...
bloomberg.com/news/articles/2024-02-05/early-wall-street-bank-to-predict-a-us-recession-scraps-its-call
Paid articlePaid
Has Team Transitory really won America’s inflation debate?: As prices cool, the battle heats up
economist.com/finance-and-economics/2024/01/10/has-team-transitory-really-won-americas-inflation-debate
Quick Glance: Inflation and Your Money: What You Need to Know
- Inflation continues to slow, straining US households since early 2021.
- Estimate: Annual inflation rate to rise from 3.1% to 3.2% in December.
- Consumer price index well above the Federal Reserve’s 2% goal.
- Income and purchasing power have kept pace with inflation, according to Mark Zandi, chief economist of Moody’s Analytics.
Gundlach Sees Grim Outlook for US Economy After Fed Decision: The US economic outlook still appears grim with a recession still likely to occur in 2024 along ...
bloomberg.com/news/articles/2024-01-31/gundlach-sees-grim-outlook-for-us-economy-after-fed-decision
Five Things You Need to Know to Start Your Day: Americas: Good morning. Evergrande gets a liquidation order, oil buffeted by Middle East tensions and traders get ...
bloomberg.com/news/newsletters/2024-01-29/five-things-you-need-to-know-to-start-your-day-americas
Odd Lots Newsletter: That Was Just a Huge Week: Hello and welcome to the weekly Odd Lots newsletter, where Joe Weisenthal and Tracy Alloway bring you their ...
bloomberg.com/news/newsletters/2024-02-02/odd-lots-newsletter-that-was-just-a-huge-week
Paid articlePaid Gold trades in tight range ahead of key US inflation data: Gold prices were stuck in a tight range on Tuesday as investors refrained from making big bets ahead ...
reuters.com/markets/commodities/gold-trades-tight-range-ahead-key-us-inflation-data-2024-02-13/
Layoffs Hit 10-Month High As Financial And Tech Companies Slash 39,000 Jobs: January 2024 was one of the worst months for layoffs in 15 years, a new report shows ...
forbes.com/sites/maryroeloffs/2024/02/01/layoffs-hit-10-month-high-as-financial-and-tech-companies-slash-39000-jobs/
US applications for unemployment benefits fall again despite recent layoffs: The number of Americans filing for jobless claims fell last week despite more layoff ...
chicagotribune.com/2024/02/09/us-applications-for-unemployment-benefits-fall-again-despite-recent-layoff-announcements/
Surveillance: US Hard-Landing Narrative Makes a Shock Reappearance: ‘You could easily get unemployment up to the 6% or even 7% level,’ Mizuho’s Konstam says
trib.al/AhT32IJ
US jobs market strengthened unexpectedly in December: Rise of 216,000 jobs counters economists’ expectations and undermines case for interest rate cuts
ft.com/content/fdcf1e1c-4744-4a1f-85ba-d19c697a83db
Quick Glance: Strong U.S. Employment Growth in December
- The U.S. labor market closed 2023 with strong dynamics as the pace of hiring exceeded expectations.
- In December, 216,000 positions were added while the unemployment rate remained at 3.7%.
- Inflationary pressures continue to prevail in the labor market despite declines elsewhere.
- The U.S. economy continues to defy expectations for a slowdown and has undergone the most aggressive monetary policy tightening in 40 years.
Economists Predicted a Recession. So Far They’ve Been Wrong.: A widely predicted recession never showed up. Now, economists are assessing what the unexpected ...
nytimes.com/2024/01/26/business/economy/economy-recession-soft-landing.html
The U.S. economy is better than “goldilocks”: The situation is going well enough for Trump to insist again on the falsehood of the unemployment data
english.elpais.com/usa/2024-02-03/the-us-economy-is-better-than-goldilocks.html
Soft Landing Isn't Inevitable But Sector Rotation Is: The Fed’s January rate decision comes at a time when investors have fully bought into the soft-landing ...
bloomberg.com/news/newsletters/2024-01-31/soft-landing-isn-t-inevitable-but-sector-rotation-is
Paid articlePaid Fed Publishes 2018 Policy Meeting Transcripts: The Federal Reserve released transcripts Friday of policy meetings during 2018.
bloomberg.com/news/articles/2024-01-12/fed-publishes-transcripts-for-2018-a-year-of-political-pressure
Illinois skirted a recession last year. Here’s what to know about the job market in 2024.
chicagotribune.com/business/ct-biz-jobs-employment-vibes-2024-20240101-hyfuurg555e2bok6naobn752sa-story.html
Massachusetts unemployment rose in December: The state’s jobless rate rose to 3.2 percent last month from 2.9 percent in November. The increase came as the ...
bostonglobe.com/2024/01/19/business/unemployment-jobs-growth-labor-department-fed/
US employers add a surprisingly strong 216,000 jobs in a sign of continued economic strength
mercurynews.com/2024/01/05/us-employers-add-a-surprisingly-strong-216000-jobs-in-a-sign-of-continued-economic-strength/
More mass layoffs may be coming across Texas in 2024, Dallas Fed says: The number of mass layoff notices in 2023 jumped nearly 52% through October to a reduction ...
expressnews.com/business/article/mass-layoffs-coming-across-texas-2024-dallas-fed-18586816.php
New Year, New Jobs: The first week of 2024 served up a bevy of data about the health of the US labor market. The main takeaway is that there are still jobs ...
seekingalpha.com/article/4661451-new-year-new-jobs
Paid articlePaid There's a good chance the Fed hikes rates before cutting, market vet says: "We have to wonder, how can the Fed get to that 4.1% unemployment that they embedded ...
businessinsider.com/interest-rate-outlook-hikes-cuts-fed-policy-inflation-jobs-growth-2024-1
Minneapolis Fed Warns Unemployment Numbers Could Complicate Soft Landing: The Minneapolis Fed has issued a study examining the changed relationship between job ...
inc.com/bruce-crumley/minneapolis-fed-warns-unemployment-numbers-could-complicate-soft-landing.html
US Economy: 2024 Will Mark the End of the Post-Pandemic Era: The trade-off between bringing down inflation and harming growth will come back with a vengeance.
bloomberg.com/opinion/articles/2024-01-02/us-economy-2024-will-mark-the-end-of-the-post-pandemic-era
Paid articlePaid Walgreens, Conagra, Jobs Data, Fed Minutes, and More to Watch This Week: This week also brings earnings from Constellation Brands and Lamb Weston. Plus ...
barrons.com/articles/walgreens-conagra-jobs-data-fed-minutes-and-more-to-watch-this-week-dc66a518
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