Non-farm payrolls rose by 175,000 in the month, falling short of the consensus estimate of 240,000. The unemployment rate increased slightly to 3.9%, contrary to expectations that it would remain at 3.8%. Additionally, a broader measure of unemployment rose to 7.4%, marking the highest rate since November 2021. In lineRead More →
The U.S. economy is on a rip, with employers adding around 303,000 jobs in March 2024 – the largest increase in almost a year. As the world’s largest economy continues to surge, questions arise about the Federal Reserve’s next move regarding interest rates. Stronger-than-expected Job Growth The unemployment rate fellRead More →
Job creation in the U.S. surged in January 2024, as the economy continued to defy predictions of a slowdown The U.S. economy added 353,000 jobs and average hourly pay jumped, while the unemployment rate held steady at 3.7%, the Labour Department said. The report extended more job gains that hasRead More →
The U.S. labour market accumulated strong gains as the pace of hiring was greater than expected, dampening the chance of an early rate cut. December’s jobs report showed that 216,000 jobs were added for the month while the unemployment rate remained steady at 3.7%. Estimates were in the region ofRead More →
Pay growth has outstripped inflation by the most since 2021, in a further sign that the pressure on living costs may be starting to ease. Regular pay rose at an annual rate of 7.7% between July and September 2023, official figures show; higher than average inflation over the same threeRead More →
Stocks rallied Friday 6th October 2023 even after the release of stronger-than-expected U.S. jobs data and an increase in Treasury yields. The U.S. economy added 336,000 jobs in September 2023, the Labour Department said. Economists expected 170,000 jobs. Confused? Stocks posted a surprise turnaround on Friday, 6th October 2023 after initiallyRead More →
The latest U.S. jobs report for September 2023 was released on Friday, October 6, 2023. The U.S. economy added 336,000 jobs last month, much more than expected, despite the Federal Reserve’s struggle to cool the world’s largest economy. The unemployment rate was 3.8%, in line with August 2023. The data lifted hopes thatRead More →
What are Luddites? Luddites were a group of workers who protested against the use of machinery that threatened their livelihoods in the early 19th century in Britain. They were not opposed to technology in general, but to the specific machines that were ‘taking away their livelihoods’. They attacked factories and smashedRead More →