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News
Federal Reserve Bank of New York survey shows unemployment fears at highest since April 2020
4+ day, 17+ hour ago (384+ words) Unemployment fears hit their highest level since April 2020 as more households report worsening financial conditions and rising debt stress. American consumers are feeling the squeeze, and the data backs up the vibes. The Federal Reserve Bank of New York’s August…...
US Conference Board Employment Trends Index rises to 108.53 in August
4+ day, 18+ hour ago (255+ words) The composite labor market gauge posted its second consecutive monthly gain, signaling continued resilience in the US job market The Conference Board’s Employment Trends Index climbed to 108.53 in August, up from a revised 107.76 in July. That marks the second straight…...
US payrolls beat forecasts, easing recession fears but complicating Fed strategy
5+ day, 21+ hour ago (154+ words) Estefano Gomez is an editor at Crypto Briefing specializing in blockchain analysis, DeFi, and the intersection of crypto and digital art. He previously served as Editor in Chief at Interesante for over three years, where he covered blockchain technology, NFTs,…...
Jobs report fails to boost Fed rate hike odds, analysts say
5+ day, 23+ hour ago (462+ words) August payrolls crushed expectations but economists say the CPI report on September 11 is the real tell for the Fed's next move The US economy added 162,000 jobs in August, nearly tripling the consensus forecast of 56,000 to 65,000. On any other timeline, that…...
America's information industry loses 23,000 jobs in August, hitting lowest level since 2015
6+ day, 13+ hour ago (214+ words) The sector's steepest monthly decline in over a year lands while the rest of the economy quietly adds 162,000 jobs The US information sector shed 23,000 positions in August, dragging employment down to 2.745 million, according to the Bureau of Labor Statistics. That…...
US August job gains surpass forecasts, impacting Fed rate hike expectations
1+ week, 5+ hour ago (81+ words) Estefano Gomez is an editor at Crypto Briefing specializing in blockchain analysis, DeFi, and the intersection of crypto and digital art. He previously served as Editor in Chief at Interesante for over three years, where he covered blockchain technology, NFTs,…...
US hiring surge strengthens case for Federal Reserve rate hike
1+ week, 1+ day ago (320+ words) Nonfarm payrolls blew past expectations in August, pushing the probability of a September rate hike to around 60% The US economy added 162,000 jobs in August, nearly tripling what forecasters had penciled in. Consensus estimates had clustered around 55,000 to 65,000 new nonfarm payroll…...
US labor force participation rate climbs to 61.6% in August after five-year low
1+ week, 1+ day ago (368+ words) The labor market shows modest stabilization as payrolls grow and the unemployment rate holds steady at 4.1%. The US labor market offered a small but meaningful reprieve in August, with the labor force participation rate ticking up to 61.6% from 61.4% in July....
US job growth rebounds sharply in August, tripling forecasts as unemployment holds at 4.1%
1+ week, 1+ day ago (396+ words) Nonfarm payrolls surged by 162,000 after July's contraction, with food services and education leading the recovery while the Fed keeps its eyes on inflation. The US economy added 162,000 jobs in August, roughly triple what economists had penciled in and a dramatic…...
Fed expected to hike interest rates after strong August jobs report
1+ week, 1+ day ago (83+ words) Estefano Gomez is an editor at Crypto Briefing specializing in blockchain analysis, DeFi, and the intersection of crypto and digital art. He previously served as Editor in Chief at Interesante for over three years, where he covered blockchain technology, NFTs,…...