Sluggish US jobs report clears the way for Federal Reserve to cut ...
Sep 6, 2024 · The cooling jobs figures underscore why the Federal Reserve is set to cut its key interest rate when it next meets Sept. 17-18, with inflation falling steadily back to its target of 2%. Still, Friday’s mixed jobs data raises the question of how large a rate cut the Fed will announce.
The Jobs Report Is Good News for the Fed - The New York Times
Oct 4, 2024 · Companies hired at a rapid clip, the unemployment rate dipped and wage growth came in strong last month — a sign that the economy is holding up in the face of high borrowing costs. The report...
US jobs report: 275,000 jobs added showing economy's strength - AP News
Mar 9, 2024 · With December and January job gains revised sharply down, wage growth easing and the unemployment rate up, the Fed’s policymakers aren’t likely to worry about an overheating economy. Most economists and Wall Street traders expect the first rate cut to come in June.
U.S. Job Growth Ends the Year Strong - The New York Times
Jan 10, 2025 · The stronger-than-expected jobs report dampened expectations of further rate cuts from the Federal Reserve, dragging stock prices lower and intensifying the pressure that was already building bond ...
U.S. Jobs Report Shows Hiring Has Shifted Into Lower Gear
Sep 6, 2024 · Ahead of a key Federal Reserve meeting to set interest rates, employers added 142,000 jobs in August, fewer than economists had expected, and previous months were revised downward. Note: Data is...
Jobs report: US employers added surprisingly robust 353,000 jobs …
Feb 2, 2024 · Average hourly pay climbed a sharp 0.6% from December, the fastest monthly gain in nearly two years, and 4.5% from January 2023. The strong hiring and wage growth could complicate or delay the Federal Reserve’s intention to start cutting interest rates later this year.
Friday’s jobs report will likely determine the size of the Fed’s rate ...
Sep 5, 2024 · Friday’s jobs report should provide further reassurance that the labor market is merely softening and not collapsing, economists predict. Either outcome, however, could ultimately determine the...
Blowout December Jobs Report Puts Rate Cuts on Ice: What
Jan 10, 2025 · "The strong jobs report is good news for the economy but serves as the latest obstacle for markets that had increasingly priced in a steady stream of rate cuts from the Fed through 2025, an ...
April US jobs report shows looser labor market, good news for Fed
May 3, 2024 · U.S. job growth slowed more than expected in April and annual wage gains cooled, signs of a looser labor market which are good news for markets and the Federal Reserve that will likely require...
Why the December Jobs Report Dashed Hopes for Another Fed …
Jan 10, 2025 · The odds of the Federal Reserve cutting its benchmark interest rate this year fell after a jobs report Friday showed hiring in December blew past expectations. Strong job growth means less...