economy

Stories 21 - 40 | << Prev   Next >>

Unemployment Rate Hasn't Been This Low Since 1969

Falls to 3.4%; stock market isn't happy with surprisingly strong jobs report

(Newser) - America’s employers added a robust 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve’s aggressive drive to slow growth and tame inflation with higher interest rates, per the AP . Analysts expected a figure of 187,000, notes the Wall Street Journal ...

2023 Is Now Seen as a 'Turning Point' for Economy

IMF upgrades its world forecast, thinks a global recession is less likely

(Newser) - A new economic forecast includes what has become a rare thing of late: good news. Or, at least, better news. The International Monetary Fund said Monday that it thinks a global recession probably won't happen, reports the New York Times . A number of factors— including easing inflation, China's...

IMF Chief: Get Ready for 'Tougher' Year Than Last

Kristalina Georgieva warns that one-third of world will be in a recession over next 12 months

(Newser) - Thankful to have kicked 2022 to the curb? According to the head of the International Monetary Fund, we haven't yet escaped last year's economic woes, which will continue to play out in significant ways around the globe. "We expect one-third of the world economy to be in...

Consumer Confidence Takes First Jump in Months

Dow rises on the news

(Newser) - The confidence of American consumers rebounded this month to end the year on a high note despite high inflation, rising interest rates that have made credit cards and mortgages more expensive, and growing anxiety about a possible recession. The Conference Board reported Wednesday that its consumer confidence index rose to...

It&#39;s an Ugly Day on Wall Street
An Ugly Day on Wall Street
updated
Dec 15, 2022 3:04 PM CST

An Ugly Day on Wall Street

Dow falls 764 points on weak consumer spending, fallout from Fed move

(Newser) - Ouch. The markets cratered at Thursday's opening bell and never recovered. A weak report on retail sales and worries that the Fed will keep raising rates were getting the bulk of the blame. For the day, the Dow fell 764 points, or 2.2%, to 33,202; the S&...

New Inflation Numbers Are Good News
New Inflation Numbers
Are Good News
Nov 15, 2022 7:53 AM CST

New Inflation Numbers Are Good News

Wholesale prices rose less than expected, and Dow futures jump as a result

(Newser) - Another new economic report adds to the notion that inflation is easing—and markets appear to be pretty happy about it. The government said Tuesday that the producer price index, seen as a measure of wholesale inflation, rose 0.2% in October from September, less than the expected mark of...

October Inflation Report Pushes Dow Futures Way Up

Consumer inflation hit 7.7% from a year ago, the smallest gain since January

(Newser) - Price increases moderated in the United States last month in the latest sign that the inflation pressures that have gripped the nation might be easing as the economy slows and consumers grow more cautious. Consumer inflation reached 7.7% in October from a year earlier and 0.4% from September,...

Hiring Is Again Stronger Than Expected

Employers added 261K jobs in October

(Newser) - The latest jobs report came in stronger than expected, which may not be great news for investors hoping the Fed eases up on rate increases. As the AP puts it, "the economy remains a picture of solid job growth and painful inflation." The details:
  • New jobs: Employers added
...

US Jobs Streak Now at 20 Months and Counting

Employers added 315K workers in August, right in line with expectations

(Newser) - The new monthly jobs report is out, and it shows that employers are continuing to hire, though at a slower pace than in recent months:
  • The number: Employers added 315,000 jobs in August, almost exactly in line with expectations. That's down from 528,000 in July and the
...

Jobs Report Much Stronger Than Expected

Employers added 528K positions, far above estimates

(Newser) - The new jobs report is out, and it shows that the labor market is still booming:
  • Jobs: Employers added 528,000 jobs in July, far above expectations of 258,000, reports CNBC . The leisure and hospitality sector added the most (96,000), followed by health care (70,000).
  • Rate: The
...

Are We in a Recession? 8 People Will Make the Call

But the obscure Business Cycle Dating Committee likely won't weigh in for months

(Newser) - The GDP shrank for the second quarter in a row, which is one traditional definition of a recession, notes CNBC . It is not, however, the official one. As the Wall Street Journal reports, any such designation would formally come from the National Bureau of Economic Research—and more specifically from...

Investors See Rate Cuts on the Horizon

WSJ: Fed expected to keep raising through end of this year, then cutting again in 2023

(Newser) - The Federal Reserve meets this week, and the suspense is not whether it will raise interest rates, but by how much. While speculation swirled earlier in the month that the Fed might raise its benchmark rate by an unprecedented 1 full percentage point, the best bet now is that the...

A New Economic Term Enters the Lingo


A New
Economic
Term Enters
the Lingo
the rundown
Jul 19, 2022 8:43 AM CDT

A New Economic Term Enters the Lingo

Treasury chief Janet Yellen pushes 'friend-shoring' in South Korea speech

(Newser) - In a speech in South Korea on Tuesday, Treasury Secretary Janet Yellen pushed the idea of "friend-shoring" as economic policy. Broadly speaking, the new-ish term refers to the idea of trading more closely with allies instead of "geopolitical rivals," as the Wall Street Journal puts it. For...

A Broad Economic Trend Is Unfolding
For US Savings Accounts,
Another Shift Is Unfolding
IN CASE YOU MISSED IT
Jul 9, 2022 5:10 PM CDT

For US Savings Accounts, Another Shift Is Unfolding

Americans who piled up cash during pandemic are now spending it to cope with inflation

(Newser) - The dry details from a spate of economic reports and financial surveys add up to changing narrative in regard to American's savings accounts: People piled up unusually large stores of cash during the pandemic, but they're now spending it to cope with inflation. Details:
  • The personal saving rate
...

Strong June Jobs Report Has Investors Worried

Another 372K jobs were added

(Newser) - Hiring continues to defy expectations and remain strong, as the latest monthly report from the Labor Department demonstrates.
  • Big number: Employers added 372,000 jobs in June, well above analysts' predictions of 250,000, reports CNBC .
  • Steady rate: The unemployment rate remained at a low 3.6% for the fourth
...

What to Do, and Not to Do, as a Recession Looms
What to Do, and Not to Do,
as a Recession Looms
the rundown
Jun 16, 2022 9:55 AM CDT

What to Do, and Not to Do, as a Recession Looms

Dow drops below 30K as bear market deepens

(Newser) - The stock market actually rose Wednesday in the immediate aftermath of the Fed's decision to raise rates by a whopping 0.75% . Thursday, not so much. Major indexes fell more than 2% in early trading and sent the Dow below 30,000, its lowest level in more than a...

For Biden, 2 Moves on the Inflation Front

He considers rollback of tariffs on China, pressures oil companies

(Newser) - Amid sky-high inflation and a reeling stock market, the Biden administration is looking for remedies, and two are making headlines. However, neither is seen as being able to make a substantive dent in the problems:
  • Tariffs: The White House may roll back some or all of the tariffs imposed on
...

Economist Who Hates Crypto Recasts a 'Moon' Prediction

With market in free fall, Peter Schiff suggests a crash landing is coming

(Newser) - The stock market f ell into a bear market on Monday, but as badly as stocks are getting hammered, the cryptocurrency sector is getting hammered even harder. The fallout continued Tuesday, as Coinbase—the largest cryptocurrency exchange in the US—announced it was cutting 18% of its workforce, reports the...

2 Gloomy Forecasts Sour the Market's Mood

Yellen worries about inflation, the World Bank about stagflation

(Newser) - The US stock market did not wake up in a great mood on Wednesday, with the Dow and the benchmark S&P 500 both down about half a percentage point in early trading. That might have something to do with two dour forecasts issued Tuesday about the US and the...

Job Numbers Come In Stronger Than Expected

Employers add a solid 390K in May, though that snaps long streak of at least 400K

(Newser) - The jobs market remains strong, but it appears to be cooling off a smidge amid signs the labor shortage is easing. That seems to be the gist of coverage related to the new unemployment report released Friday.
  • New hires: Employers added 390,000 jobs in May, above estimates of 328,
...

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