Jobs Data Put
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Biden economic advisor on April jobs data
U.S. job growth cooled in April, according to new data by the Department of Labor. Jared Berstein, the chair of the United States Council of Economic Advisers, joins CBS News with his outlook on the new numbers.CBS News - Top stories - Joe Biden -
Weaker-Than-Expected Payrolls Push Down Dollar
The dollar fell in a week when the Fed was perceived as not too hawkish—after Chair Powell kept a rate hike off the table— and payrolls surprised to the downside, for a change.The Wall Street Journal - World -
Stock Market Rises After Jobs Report Revives Investors’ Hopes for a Rate Cut
A cooler-than-expected jobs report for April shifted the tone on Wall Street, rekindling investors’ expectations that the Federal Reserve may cut rates soon.The New York Times - Business -
Jobs Data, Tech Stocks Power Indexes to Weekly Gains
Renewed hope for interest-rate cuts fueled a rally, though shares of some companies like TD Bank fell.The Wall Street Journal - World -
Treasury yields see biggest weekly drops in months as tepid April jobs report raises rate-cut hopes
Treasury yields finished at their lowest levels in three weeks on Friday after April’s official jobs report brought the potential for a Federal Reserve interest-rate cut back to the minds of some traders.MarketWatch - Business -
US job market shows signs of cooling, with just 175,000 jobs added in April
The latest snapshot on US employment was a shocker: The economy added 175,000 jobs, far below expectations for 235,000 and a reversal of the trend for robust monthly gains.CNN - Top stories -
‘I don’t have a choice’: UK patients turn to medical loans for treatment costs
Boom in healthcare borrowing prompts warnings from doctors and campaignersFinancial Times - World - United Kingdom -
Europe should brace itself for Trump
Unlike in 2016, this time the former president has a coherent plan for governingFinancial Times - World - Donald Trump -
How Markets Are Reacting, in Five Charts
Take a look at how various assets are performing after the release of the April jobs report: U.S. stock futures, the 10-year Treasury yield, Brent crude, gold and the U.S. dollar.The Wall Street Journal - World -
Job growth slowed as employers added a seasonally adjusted 175,000 jobs in April, and unemployment ticked up to 3.9%, marking a break from a string of data showing surprising strength in the labor market.
Job growth slowed as employers added a seasonally adjusted 175,000 jobs in April, and unemployment ticked up to 3.9%, marking a break from a string of data showing surprising strength in the labor market.The Wall Street Journal - World -
The Government-Spending Jobs Boom
Most new jobs are in healthcare, government and social assistance.The Wall Street Journal - World -
U.S. Job Growth Slowed in April
The economy added 175,000 jobs last month, a slowdown in hiring. The unemployment rate ticked up to 3.9 percent.The New York Times - Business -
Analysis: A Goldilocks Jobs Report for the Fed
The April employment report keeps hopes of a late summer interest-rate cut alive, because it eases fears that the economy reaccelerated in the first quarter.The Wall Street Journal - World - Federal Reserve -
Jobs growth in the US economy slows
Also in this newsletter: ‘seismic’ by-election results for Labour, and G7 at odds over Russia’s frozen assetsFinancial Times - World -
April jobs report falls short
Presented by BP — The jobless rate also rose to 3.9 percent during the same period. {beacon} Business & Economy Business & Economy PRESENTED BY The Big Story US economy adds 175K jobs in April New data shows the economy added 175,000 jobs last ...The Hill - Politics -
The Job Market Shifted Into Lower Gear
Also, a congressman from Texas was indicted. Here’s the latest at the end of Friday.The New York Times - Top stories -
Calls to Divest From Israel Put Students and Donors on Collision Course
To get protesters off campus lawns, Brown University and others have agreed to consider ending investments linked to Israel. But how?The New York Times - Business - Israel -
Political Furor Over U.S. Steel Bid Puts Cfius in Spotlight
Backlash over the deal has echoes of the 1980s when Nippon Steel tried and failed to buy another American metal company.The New York Times - Business -
‘America First’ conservatives aren’t putting American workers first
We know these senators aren’t on the side of the American worker, which begs the question — whose side are they on? The answer is obvious: people and corporations with money.The Hill - Politics -
Elijah Adebayo strikes but frustrated Luton fail to put Everton away
When the final story of the 2023-24 Premier League season comes to be told, it is likely that Luton Town will feel nothing but regret about the night when they ran out of inspiration and time against opponents as negative and rudimentary as ...The Guardian - World