Weekly jobless claims fell by 16,000 to 269,000 last week. That came in lower than the estimate for 281,000. The prior week was unchanged at 285,000.
Who does a recession hurt in a U.S. presidential election? Since the Civil War, all of the eight times the U.S. economy was in a recession, the incumbent party lost.
The U.S. added 151,000 jobs in January, weaker than expected and additional fuel for concerns the U.S. economy is slowing down.
Weekly jobless claims rose by 8,000 to 285,000 last week. That came in higher than the estimate for 280,000. The prior week was revised lower by 1,000 to 277,000.
Another solid month of job creation might not be enough to quell fears that the U.S. economy is slowing down.
Home Depot said it was set to hire more than 80,000 employees ahead of its busiest selling season, on par with last year's seasonal hiring.
Private-sector hiring was better-than-expected in January, the latest indication that the U.S. labor market remains solid even as some pockets of the economy show signs of cooling.
The January jobs report, due out Friday, will highlight next week’s economic calendar. Analysts are forecasting another strong month of job creation but much of the focus will be on wage growth.
Weekly jobless claims fell by 16,000 to 278,000 last week. That came in lower than the estimate for 282,000. The prior week was revised by 1,000 to 294,000.
Stock market volatility has fueled growing doubts that the Fed can raise interest rates as fast as central bank policy makers had forecasted last month.
Weekly jobless claims rose by 10,000 to 293,000 last week. That came in higher than the estimate for 278,000. The prior week was revised lower by 1,000 to 283,000.
Views diverge on whether another recession is right around the corner, with the split between professional market participants who are getting nervous and average consumers who aren’t.
The number of Americans filing for unemployment benefits unexpectedly rose last week, but remained below levels associated with a healthy labor market.
jobless claims fell to a 10=year low. Claims fell by 10,000 last week.
Helped by unusually warm weather throughout much of the country, the December jobs report due out Friday is expected to be a relatively strong one.
Next week’s economic calendar is highlighted by the December jobs report and the all-important wages data included within.
Goldman Sachs released a report predicting that wage growth will “accelerate” next year, a narrative that fits into the Fed’s likely plan to raise interest rates.
Healthy job and wage growth in November will almost certainly provide the final push the Federal Reserve needs as it mulls an interest rate hike later this month.
If, as expected, the November report, due out Friday, shows another healthy month of job and wage growth, the Fed will almost certainly raise rates later this month.
Republican presidential candidates tackled job growth, taxes and the U.S. economy in the FOX Business Network/Wall Street Journal debate.