Job gains are heavily concentrated in healthcare and social assistance, which added 125,000 jobs last month for the lion’s share of new gigs.
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Hiring in January was not just slower than expected, according to ADP. It was way, way, way slower than expected.
Recent layoffs at Amazon, Meta, Pinterest and chemicals company Dow are bringing fears of robots taking human jobs to a boiling point.
New data on Americans’ home improvement plans hints at a potential slowdown in the US housing market slowdown towards the end of 2026.
In a survey, the National Federation of Independent Business said its small-business optimism index jumped in December.
Come January 28, the Federal Reserve has to decide what the state of the labor market means for monetary policy.
US factory activity contracted for the tenth straight month in December, according to the latest Institute for Supply Management survey.
Revenue and profit growth at shipping giant FedEx bode well for the company’s overhaul efforts and the critical holiday sales season.
The latest reading of policymakers’ preferred inflation gauge is still coming in well above officials’ 2% target at 2.8%.
The number of available positions climbed to 7.67 million in October, according to the JOLTS report, good for the highest mark in five months.
Holiday spending after Thanksgiving hit a record high, although notably only if you crunch the numbers a certain way.
While a stop-gap funding deal is in place, the government still has some work to do to fill in its backlog of missing economic data.
Overall employment was likely roughly flat in October due to layoffs in the federal government amid the longest shutdown in history.
When layoffs rise, people spend less, which leads to tighter bottom lines and more layoffs. Wash, rinse, and repeat.
Whatever they say, consumers’ actual spending has remained rock solid, even if sentiment is yet to return to prepandemic levels.
New private sector data that suggests the labor market is hurting may become especially influential with Bureau of Labor Statistics data likely on hold amid the government shutdown.