Stocks fell Friday as investors eyed a much stronger-than-expected report on the labor market’s recovery and continued to monitor for global economic fallout from Russia’s war in Ukraine. The S&P 500 dropped to extend declines from Thursday and posted a weekly loss of about 1.3%. The Dow posted a fourth […]
jobs
Stocks rise after jobs report shows surprise jump in payrolls
Stocks shook off earlier losses to mostly rise Friday afternoon even as investors viewed a much stronger-than-expected jobs report as bolstering the case for the Federal Reserve to continue down its more hawkish monetary policy path. The S&P 500 turned higher during intraday trading, closing up 0.52% at 4,500.61, while […]
Steve Forbes torches Biden’s remarks on economy, jobs: They’re ‘standing in the way’ of recovery
Forbes Media Chairman Steve Forbes said on Friday that President Biden’s remarks on the new jobs report amounted to a “fairytale” about economic recovery. “He ignores the fact that before the COVID crisis hit, American unemployment was lower. Lower-income people’s wages were rising at a faster pace than the rest […]
2021: An Abundance of Jobs But a Dearth of Workers | Economy
In 2021, the great America job machine cranked into overdrive following the devastation caused by the coronavirus pandemic in early 2020. Consider: At the start of the year, a meager 49,000 jobs were added following the prior month’s loss of 140,000 jobs. The unemployment rate stood at 6.7% and 10.7 […]
Stocks rise as traders digest mixed November jobs report
Stocks sank on Friday to end the week lower, as investors digested updates on the Omicron variant alongside the Labor Department’s November jobs report, which came in mixed compared to Wall Street’s elevated expectations. The S&P 500 posted a weekly loss of 1.2% since last Friday, sliding in volatile trading […]
Wall Street sets new records after strong Oct jobs report
Stocks soared on Friday, with major benchmarks rallying to fresh records as investors reacted favorably to October jobs report, which showed a better-than-expected pick-up in payroll growth and another improvement in the unemployment rate. The blue-chip index set new intraday record in the wake of the data, extending Thursday’s gains […]
ADP: Employers Added 571,000 Jobs in October, Beating Expectations | Economy
Employers added 571,000 jobs in October, above expectations, according to a monthly survey released Wednesday by private payroll firm ADP. Gains were strongest among large companies, with increases of 342,000, and heavily concentrated in the services sector of the economy, with 458,000 new hires. The leisure and hospitality industry added […]
ADP: Employers Added 568,000 Jobs in September, Beating Expectations | Economy
Employers added 568,000 jobs in September, according to a report from private payroll firm ADP released on Wednesday. The number was better than the 430,000 expected and follows the 374,000 created in August. Large companies and the service sector recorded the biggest gains, adding 390,000 and 466,000 jobs, respectively. “The […]
Overseas interest in UK truck jobs keenest among those not qualified
Overseas interest in UK truck-driving jobs is keenest in countries whose drivers’ qualifications are not recognised in Britain, according to figures that reinforce doubts over the practicality of the government’s plan to tackle the country’s supply chain crisis by issuing short-term visas. The number of overseas jobseekers clicking on ads […]
Stock futures rise as traders await jobs report
Stock futures opened higher Thursday evening, extending gains as investors awaited a key report on the labor market’s recovery. Contracts on the S&P 500 ticked up after the index logged a third straight session of gains during Thursday’s regular trading day. The move to the upside came after Senate leaders said […]