The U.S. labor market surged in September, adding a robust 254,000 jobs that far exceeded expectations, boosting business confidence. The new jobs report figures significantly increased from the 159,000 jobs added in August, according to the Department of Labor. September’s job gains were broad, with several industries showing strong growth. At the same time, the…
A surge in hiring offers Vice President Kamala Harris a fresh defense in her fight with Donald Trump over the economy, as the pair jockey to frame their visions in the home stretch of the campaign. Friday’s jobs report, which beat all analyst estimates and pushed the unemployment rate down to 4.1%, is the latest…
I’m Malcolm Scott, international economics enterprise editor in Sydney. Today we’re looking at China’s stock market rally. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. Confronted by slowing growth and disinflationary pressures,…
Traders work on the floor of the New York Stock Exchange during afternoon trading on October 03, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no…
“We’re going to take it meeting by meeting,” Federal Reserve Chair Jerome Powell said on Wednesday. The Federal Open Market Committee meets again in November. Getty Images The Federal Reserve’s decision this week to cut interest rates half a percentage point reverberated up and down the U.S. economy, with economists, business owners and investors wondering—what’s…