Jobless Claims Drop Sharply in Latest Week Supporting Feds Assessment That Labor Market Is Solid

Pending home sales drop sharply in December as mortgage rates surge back over 7%

Signed contracts on existing homes dropped a sharp 5.5% in December from the previous month and fell 5% from the prior year, according to the National Association of Realtors.

NBC News - 30m

Weekly Jobless Claims Drop More Than Expected

While job opportunities are becoming harder to find, the low layoff rate meant better results than the Labor Department’s forecast.

Inc. - 5h

Job Market ‘Solid,’ Inflation ‘Remains Somewhat Elevated,’ Fed Says

Despite inflation, all told, the economy is holding steady.

Inc. - 23h

Pending home sales drop sharply in December as mortgage rates surge back over 7%

Pending home sales in the U.S. fell in December as mortgage rates climbed again.

CNBC - 4h

Jobless claims drop to lowest level in three weeks, supporting Fed’s assessment that labor market is solid

Initial jobless claims fell by 16,000 to 207,000 in the week that ended Jan. 25, the Labor Department said Thursday. It’s the lowest level in in three weeks.

MarketWatch - 7h

Fed pauses interest rate cuts—here’s when borrowing costs might drop in 2025

The Fed is holding off on more rate cuts for now, amid concerns that inflation isn’t slowing quickly enough.

CNBC - 1d

This may be ‘most critical thing’ for markets facing Fed interest-rate decision

The Federal Reserve is about to wrap up its first interest-rate-setting meeting of 2025.

MarketWatch - 1d

3 CD account mistakes to avoid after this week's Fed meeting

With a new Fed meeting set for this week, prospective CD account holders should avoid these mistakes now.

CBS News - 2d

Ravens fans return the favor, support Dalton Kincaid-backed charity after Bills TE's playoff drop

Bills fans supported a charity close to Ravens TE Mark Andrews last week with numerous donations.

Yahoo Sports - 2d

Undergraduate certificate programs soar in popularity amid changes to labor market

The shifting labor market has fueled a huge spike in undergraduate certificate programs, which are vastly outpacing the growth in undergraduate enrollment in general. From 2019 to last fall, the ...

The Hill - 2d

Does your club need goals? Assessing top No. 9s with a week left in transfer window

The January transfer window closes in a week as many clubs seek a proven goal scorer like Victor Osimhen. Where are all the top No. 9s right now, and will clubs pounce before the window closes?

ESPN - 2d

Hogwarts Legacy Gets Official PC Mod Support This Week

Nearly two years after its initial release, Hogwarts Legacy is getting official mod tools on PC. Avalanche Software has announced that the proverbial door is being opened for Hogwarts Legacy ...

GameSpot - 3d

Bills' Josh Allen gives blunt assessment of latest season-ending loss to Patrick Mahomes, Chiefs in playoffs

Allen is now 0-4 against Mahomes in the postseason

CBS Sports - 3d

Jim Cramer's week ahead: Fed meeting and Big Tech earnings

CNBC's Jim Cramer highlighted what he's paying attention to next week as Wall Street launches into earnings season.

CNBC - 5d

Posts falsely claim Djibouti foreign minister drops out of African Union race

Yahoo News - 6d

Kremlin scoffs at Trump claim that drop in oil prices will help end Ukraine conflict

The Kremlin says a settlement in Ukraine can't be facilitated by a drop in global oil prices as U.S. President Donald Trump has suggested

ABC News - 6d

Trump tells Davos he’ll demand that interest rates drop. It’s a fresh jab at the Fed.

U.S. President Donald Trump delivered remarks Thursday in a video appearance at the World Economic Forum’s annual gathering in Davos, Switzerland.

MarketWatch - Jan. 23

Weekly Jobless Claims See Slight Uptick

Harsh winter weather and the Los Angeles area fires may push claims up further in the next few weeks.

Inc. - Jan. 23

California wildfires boost U.S. jobless claims to six-week high

The number of people who applied for U.S. unemployment benefits in mid-January climbed to a six-week high, but a temporary surge in California because of the massive wildfires was one of the chief ...

MarketWatch - Jan. 23

Jim Cramer predicts market action will reflect Trump instead of the Fed

CNBC's Jim Cramer on Wednesday told investors there will be a shift in Wall Street's focus.

CNBC - Jan. 22

Bills fans raise over $60K for diabetes to support Ravens player who dropped crucial pass

Buffalo Bills fans, known as Bills Mafia, have banded together to support Baltimore Ravens tight end Mark Andrews after he dropped a crucial pass in the Bills-Ravens palyoff game.

NBC News - Jan. 22

Slaughterhouses Settle 3 Child Labor Cases With Feds

Agribusiness giants Purdue Farms and JBS Foods, along with a slaughterhouse cleaning company, paid about $8.4 millions in fines for having underaged workers in dangerous jobs.

Inc. - Jan. 17

Child labor in slaughterhouses spotlighted by 3 settlements this week

JSB and Perdue Farms agreed to settlements of $4 million each, while QSA, which employed 54 children, will pay $400,000.

CBS News - Jan. 17

Jobless claims rise in latest week, in part due to California wildfires

Still, the labor market remains resilient.

MarketWatch - Jan. 16

The Fed Could Give the Stock Market Exactly What It Wants

A key inflation metric cooled for the first time in six months.

Inc. - Jan. 16

How Labor Market Tensions Are Shifting the Advantage to Employers

After commanding better salaries, benefits, and work arrangements for most of the post-pandemic period, employees see the balance now tilting back to bosses, who are focused on cutting costs.

Inc. - Jan. 15

Putting some perspective on Britain’s bad markets week

At times like these, it’s worth remembering just how bad Kwasi Kwarteng was as chancellor

Financial Times - Jan. 10

Labor Market Ends 2024 With a Bang

Surprisingly, employers added 256,000 jobs in December 2024, and unemployment ticked down.

Inc. - Jan. 10

U.S. adds 256,000 jobs, as Biden leaves Trump with sturdy labor market

President Joe Biden will end his term with a relatively healthy labor market as the U.S. added 256,000 jobs in December and the unemployment rate ticked down to 4.1%.

NBC News - Jan. 10

Friday's jobs report could present a mixed view of the labor market. Here's what to expect

Economists expect the Bureau of Labor Statistics to report a gain of 155,000 jobs, a step down from the surprising 227,000 increase in November.

CNBC - Jan. 10

Mercedes-Benz Car Sales Drop Amid Challenging Market

Car sales fell 3% to 1.98 million last year in a challenging global market, with top-end vehicle sales weighed by market conditions in China, model changes and weak electric-vehicle demand.

The Wall Street Journal - Jan. 10

Fed’s Collins says her concerns about labor-market fragility have decreased

The U.S. labor market remains healthy and the Federal Reserve can take a gradual and patient approach to future rate cuts, Boston Fed President Susan Collins said Thursday.

MarketWatch - Jan. 9

Dem support of immigration bill latest sign of vanishing Trump resistance

"There almost is a level of resignation it seems," said one former adviser.

Politico - Jan. 8

Job Openings Rise Unexpectedly to 8.1 Million in Resilient Labor Market

Ahead of hiring numbers due out Friday, the Labor Department said the November jump in job openings, up from 7.8 million the month before, shows companies still need workers.

Inc. - Jan. 8

US applications for jobless claims fall to 201,000, lowest level in nearly a year

U.S. applications for unemployment benefits fell to their lowest level in nearly a year last week, pointing to a still healthy labor market with historically low layoffs

ABC News - Jan. 8

Jobless claims fall to a nearly one-year low as Trump set to take office

The number of people who applied for unemployment benefits in the first week of the new year fell to an 11-month low, the latest sign layoffs remain extremely low even as businesses cut back on ...

MarketWatch - Jan. 8

Job openings reverse long decline, but the U.S. labor market is still not out of the woods

President-elect Donald Trump is inheriting low unemployment after several years of strong postpandemic hiring, but he’s also confronting a weakening labor market in which fewer jobs are available ...

MarketWatch - Jan. 7

Fed official delivers a blunt message to the stock market — which ignores it

Federal Reserve Gov. Lisa Cook gave one of the bluntest warnings an official at the central bank has ever delivered about the stock market.

MarketWatch - Jan. 6

Jobless claims fall to lowest level in 8 months to end 2024

The number of people filing new applications for unemployment insurance fell to the lowest level since last April as the job market showed signs of strength within a broader cooling off in ...

The Hill - Jan. 2

Jobless claims drop to 8-month low to end 2024. Low U.S. unemployment fuels economy.

The number of people who applied for unemployment benefits after Christmas fell to an eight-month low, capping off a year of remarkably low layoffs in a surprising resilient U.S. economy.

MarketWatch - Jan. 2

Jobless Claims Drop Sharply in Latest Week Supporting Feds Assessment That Labor Market Is Solid

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