Job seekers’ confidence in finding new employment has fallen, a new survey reveals. According to the Federal Reserve Bank of New York’s Survey of Consumer Expectations, the average “perceived probability” of finding a new job after losing one fell 5.8% points to 44.9% among heads of households surveyed in August, the lowest measure on record since 2013…
00:00 Speaker A The three things you need to know today. 00:03 Speaker A First up, markets are looking to start the week in the green. US stock futures edging higher ahead of the opening bell as investors wait on key inflation data ahead of the Fed meeting next week. 00:19 Speaker A Both the…
Inflation data will highlight an otherwise tame earnings and economic calendar in the first full trading week of September as investor attention turns to the Federal Reserve’s next policy meeting. Stocks finished last week on a down note, with stocks sliding after a soft August jobs report served as the latest piece of evidence that…
The S&P 500 Index retreated from Thursday’s record as declines in Nvidia Corp. and other tech megacaps offset a rally in Broadcom Inc. that had earlier led tech and chip stocks higher. The S&P 500 fell 0.3% after hitting an intraday record early in the session. The Nasdaq 100 Index rose 0.1%. A gauge of…
Many economists say Friday’s disappointing jobs report is sending warning signals about the pace of hiring across the U.S. and the broader health of the economy. Employers added only 22,000 nonfarm jobs in August, far short of Wall Street analyst forecasts of 80,000, while the nation’s unemployment rate rose to 4.3% — the highest level since…
Following is a summary of current US domestic news briefs. Fed nominee Miran tells Senate panel he’s ‘not at all’ Trump’s puppet Stephen Miran, President Donald Trump’s pick to fill an open seat at the Federal Reserve, on Thursday parried dozens of questions from lawmakers about whether he will make interest-rate decisions independently of…
Stephen Miran pledged to lawmakers Thursday that he will act independently if he were confirmed as a new governor on the Federal Reserve Board, but he won’t step down from his current White House post. He said that he was counseled to take a leave of absence as chair of the Council of Economic Advisers…
The US labor market continues to show signs that it entered a lower gear over the summer. ADP’s private payrolls report for August out Thursday morning showed there were just 54,000 private sector jobs created last month, fewer than the 73,000 that were expected and the 106,000 jobs added to the private sector last month….
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Ailing long-dated sovereign bonds around the world caught a break yesterday on a mix of soft U.S. jobs signals, decent auction buying and ebbing oil prices. The bond bounce and Federal Reserve easing speculation…
St. Louis Federal Reserve president Alberto Musalem said Wednesday that he expects the job market to cool gradually and downplayed long-term concerns about inflation, an evolving stance that could open the door for support for rate cuts this fall. “With the pace of hiring low, any increase in layoffs could produce a more substantial labor…