Tag: Labor economy
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Wall Street reacts to shocking July jobs loss: ‘This is a pretty horrendous report’
July’s jobs report took Wall Street by surprise on Friday — and seemed to take some pressure off the Federal Reserve to hike interest rates.
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U.S. economy unexpectedly lost 23,000 jobs in July
Nonfarm payrolls were projected to increase by 83,000 in July while the unemployment rate held steady at 4.2%, according to the Dow Jones consensus.
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July jobs report, Airbnb earnings, fuel prices and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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GAO finds Elon Musk’s DOGE inflated claims of $110 billion in savings for federal government
The nonpartisan watchdog found Elon Musk’s DOGE didn’t cut as much federal spending as it claimed and that it fell far short of its promised $2 trillion.
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What Friday’s jobs report could mean for investors
The July readings for nonfarm payrolls and the unemployment rate come amid mixed signals about the health of the labor market.
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The July jobs numbers are due out Friday. Here’s what to expect
Nonfarm payrolls are expected to post a gain of just 83,000 with an unchanged unemployment rate at 4.2%.
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Etsy laying off 12% of staff in bid to streamline business, position for growth
Etsy announced the layoffs along with second-quarter earnings.
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Bank of America spends $250 million a year on GLP-1 drugs for its employees, CEO says
Employers have grappled with soaring demand for GLP-1 drugs such as Ozempic and Wegovy, which can cost thousands of dollars per patient annually.
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Private companies added just 44,000 workers in July, below expectations, ADP reports
Hiring at private companies slowed considerably in July, with most of the job growth coming health care.
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New Jersey sues Amazon on antitrust grounds, alleging it unlawfully wielded its power over delivery contractors
The complaint alleges Amazon’s third-party delivery model leads to lower wages, unfair working conditions and a lack of competition.
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