‘Labor hoarding’ is gaining steam as businesses brace for a recession

cnn.com US companies wary about their economic prospects are battening down the hatches. Recent job market data shows more and more businesses have taken to “labor hoarding” and…

Companies are worried about a recession, but many are hanging on to employees anyway

edition.cnn.com US companies wary about their economic prospects are battening down the hatches. Recent job market data shows more and more businesses have taken to “labor hoarding” and…

Belief among workers that in-person employees will enjoy better career opportunities keeps rising

cnbc.com Nearly three years out from the start of the Covid-19 pandemic, the concept of transitioning from remote or hybrid employment back to mostly in-person work remains a major…

Back To Basics!

medium.datadriveninvestor.com Are You Ready For What’s Coming? As we reach the end of the first half of this roller coaster year, and as the transmission of the monetary policy ensues, the macro picture…

Stocks slide as debt ceiling vote looms, jobs data stays hot: Stock market news today

finance.yahoo.com US stocks closed lower Wednesday as investors kept a watchful eye on the prospects for the debt-limit deal in an expected House floor vote. Meanwhile, strong US jobs data…

The signals from one month of economic data aren't that reliable

finance.yahoo.com A version of this post first appeared on TKer.co Stocks closed higher last week with the S&P 500 rallying 1.8%. The index is now up 11.5% year to date, up 19.7% from its…

Homebuilders ramp up hiring to address persistent housing shortage

finance.yahoo.com Hiring in the construction industry isn’t slowing down. Jobs in construction grew to 25,000, including 2,400 jobs added in residential construction in May, the Labor…

Landing Got Cancelled: Job Market Still at Cruising Altitude with Some Bumps

wolfstreet.com Even Wage Growth for Nonsupervisory Workers Accelerated. Powell is scratching his head, after all the rate hikes. What we see in today’s jobs report: Some blowout numbers –…

May 2023 Jobs Report Signals A Weaker Economy For New Graduates

forbes.com The May 2023 jobs report may give the Federal Reserve another reason to pause on interest rate hikes and another reason new graduates should not burst into the interview…

Today’s Jobs Report Signals A Weaker Economy

forbes.com Today’s jobs report may give the Fed another reason to pause on interest rate hikes and another reason new graduates should not burst into the interview room asking for a…

US Jobs Market Is Still Fiery As ADP And US Labor Jobs Reports Streak Far Ahead Of Expectations

forbes.com The US jobs report from the Labor Department came in hotter than expected, but unemployment also rose more than anticipated • ADP jobs report yesterday showed a big increase…

The US labor market is still red-hot, adding 339,000 jobs in May

businessinsider.com A "Now Hiring" sign in Miami. Joe Raedle/Getty Images The US added 339,000 jobs in May, handily surpassing the forecast of 180,000. The unemployment rate climbed to 3.7% in…

The US Unemployment Rate Increases to 3.7%

watcher.guru According to new data released from the Bureau of Labor Statistics (BLS), the US unemployment rate increased to 3.7% in the month of May. Moreover, the country’s labor…

The latest on markets, the jobs report and the debt ceiling

edition.cnn.com Dow futures rose nearly 200 points Friday morning and markets in Europe and Asia rallied after the Senate passed the debt ceiling deal late Thursday, with just days to spare…

What to expect from Friday’s jobs report

edition.cnn.com Areas of the US economy have started to crack under the weight of persistently high inflation and a string of 10 consecutive rate hikes from the Federal Reserve. But despite…

US financial news live updates: Unemployment rate, debt ceiling deal, June Social Security checks..

en.as.com The Consumer Financial Protection Bureau (CFPB) has sent out a warning to Americans that use digital payment apps. Consumers are storing billions of dollars on services such…

Jobless Claims Data Hovers Near 18-Month High, Ignores Soaring Layoffs

zerohedge.com Jobless Claims Data Hovers Near 18-Month High, Ignores Soaring Layoffs 232k Americans filed for jobless benefits for the first time last week, very modestly higher than the…

ADP Employment Report Shows Big May Jobs Gains, Slowing Wage Growth

thestreet.com The U.S. economy experienced a surge in new private sector hiring last month, payroll processing group ADP said Thursday, suggesting the broader job market remains firmly…

Futures Rise After House Passes Debt Deal, Europe Boosted By Weaker Inflation

zerohedge.com Futures Rise After House Passes Debt Deal, Europe Boosted By Weaker Inflation US futures edged higher after the House passed a deal to avert a US default (with more…

Gold prices holding recent gains as U.S. JOLTS shows job openings increase to 10.10 million

kitco.com The gold market is holding on to modest gains even as the U.S. labor market remains healthy, with the number of jobs available rising more than expected. Job openings, a…

Top economist David Rosenberg mocks calls for the Fed to hike interest rates again after job openings surge

businessinsider.com David Rosenberg. Screenshot via Bloomberg TV David Rosenberg has ridiculed calls for the Fed to hike interest rates yet again. The top economist weighed in after the JOLTS…

Stocks Rise on China Data Surprise, Fed Pause Talk: Markets Wrap

yahoo.com Stocks in Asia were broadly higher in choppy trading as the House passed a deal to avert US default and investors weighed the prospect of a pause in rate hikes from the…

Friday's Jobs Report May Be A Game-Changer For The Fed, S&P 500. Here Are Four Reasons Why

investors.com A Federal Reserve rate hike on June 14 may hinge on Friday's jobs report. Unless it's much weaker than forecast, interest rates are probably going up. Coming as Fed…

US labor market remains resilient as job openings climb, layoffs drop

reuters.com U.S. job openings unexpectedly rose in April and data for the prior month was revised higher, pointing to persistent strength in the labor market that could compel the…

AI-Mania Meltup In May Hides Recession Signals From Commodities & Credit Curves

zerohedge.com AI-Mania Meltup In May Hides Recession Signals From Commodities & Credit Curves Early in the day (and overnight) The Fed's Barkin and Mester profused their usual hawkish…

Stocks slide as all eyes on debt ceiling vote: Stock market news today

yahoo.com US stocks closed lower Wednesday as investors kept a watchful eye on the prospects for the debt-limit deal in an expected House floor vote. Meanwhile, strong US jobs data…

Dow Jones Pares Loss As Fed Governor Sees 'Temporary Rate Pause' And Stronger Banking Rules ; Tesla Nears Buy Point Amid Musk's China Visit

investors.com Stock indexes closed lower as the debt-ceiling bill went to a vote in the House of Representatives late Wednesday. The Dow Jones Industrial Average rose from session lows…

Fed members hint at a possible pause

financialjuice.com Stock traders attempting to scale a fear wall saw the American equity benchmark struggle to maintain its monthly gains in the final trading session of May. - Even comments…

Will the Fed Skip?

barchart.com Stocks are rebounding after two Fed speakers pointed to skipping a hike, but risk-assets, including Crude Oil futures, were broadly under pressure with a…

Fed's Jefferson and Harker suggests central bank will pause in June

aol.com Federal Reserve Governor Philip Jefferson and Philadelphia Federal Reserve President Patrick Harker suggested Wednesday that the central bank could pause rate hikes at its…

Stocks slide amid strong jobs data, looming debt ceiling vote: Stock market news today

aol.com US stocks traded lower Wednesday as investors kept a watchful eye on the prospects for the debt-limit deal in an expected House floor vote later. Meanwhile, strong US jobs…

Job openings show surprise increase in April

aol.com Job openings in April rose to their highest level since January. The resilient labor market data adds to a growing narrative that continuously strong economic data could…

US Job Openings Unexpectedly Soar Above Highest Estimate Even As Number Of Quits Tumble

zerohedge.com US Job Openings Unexpectedly Soar Above Highest Estimate Even As Number Of Quits Tumble For those following the recent sharp drop in job openings, or perhaps merely…

Job Openings Rose in April, Defying Cooling Trend

nytimes.com The jump in openings may put pressure on the Federal Reserve to take interest rates even higher. The statistical relationship between high job vacancies, as calculated by…

Fed Governor Jefferson suggests the central bank will pause in June

aol.com Federal Reserve Governor Philip Jefferson hinted Wednesday that the central bank could pause rate hikes at its next policy meeting, while noting that such a decision…

Stock Forecasts

yahoo.com Stocks fell on Wednesday morning as investors awaited a House vote on the debt ceiling deal later in the day. Meanwhile, employment data pointed to a still strong labor…

How much are the savings in the debt ceiling deal? - Midday - Marketplace Minute

megaphone.fm Budget deficits could eventually shrink by $1.3 trillion, CBO says; JOLTS; Jaguar issues recall over battery fire risk; Germany inflation recedes to 6.1 percent To learn…

U.S. job openings unexpectedly rise in April; data for March revised higher

theglobeandmail.com U.S. job openings unexpectedly rose in April and data for the prior month was revised higher, pointing to persistent strength in the labour market that could compel the…

Fed Rate Hike Bets Accelerate As 10 Million Jobs Go Unfilled In April, Adding to Inflation Pressures

thestreet.com The U.S. job market continued to strengthen over the month of April, data from the Bureau of Labor Statistics indicated Wednesday, building an even stronger case for the…

Stocks slide with all eyes on debt-ceiling vote: Stock market news today

yahoo.com US stocks opened lower Wednesday morning, as investors kept a watchful eye on the prospects for the debt-limit deal in an expected House floor vote later. Meanwhile, China’s…

Wall St set to open lower ahead of debt ceiling deal vote

reuters.com U.S. stock indexes were set to open lower on Wednesday as a deal to raise the nation's debt ceiling headed for a pivotal vote by lawmakers, while another round of earnings…

Stock futures slide with all eyes on debt-ceiling vote: Stock market news today

yahoo.com US stock futures fell on Wednesday morning, as investors kept a watchful eye on the prospects for the debt-limit deal in an expected House floor vote later. Meanwhile,…

Why US Stock Futures Indicate A Lower Open Today

benzinga.com U.S. stock futures indicated a slightly weaker open on Wednesday following a lackluster performance in the previous session. The House will likely vote on the budget bill…

Stocks Dip Ahead of Debt Ceiling Vote, Jobs Data, Jamie Dimon, HP Sales Miss, Salesforce Earnings on Deck

thestreet.com Five things you need to know before the market opens on Wednesday May 31: 1. -- Stock Futures Lower As Debt Ceiling Deal Heads for House Vote U.S. equity futures edged lower…

Futures: AI Stock Going Vertical With Earnings Due

investors.com Dow Jones futures were little changed after hours, along with S&P 500 futures and Nasdaq futures. The stock market rally closed mixed Tuesday, but leading stocks such as…

US financial news live updates: Debt ceiling deal, Social Security checks, $500 monthly payments..

as.com 10 Jobs that could be at risk in the future due to AI Over the next ten years, the Bureau of Labor Statistics estimates that around 2.1 million jobs will be lost, with one…