EghtesadOnline: U.S. stocks were sharply lower on Thursday after disappointing labor market data clashed with the possibility of a more hawkish Federal Reserve, while rising tensions in the Korean peninsula providing additional pressure.
EghtesadOnline: The U.S. Federal Reserve is widely expected to raise its benchmark interest rate this week due to a tightening labor market and may also provide more detail on its plans to shrink the mammoth bond portfolio it amassed to nurse the economic recovery.
EghtesadOnline: There are plenty of explanations for the weaker-than-expected May jobs report, but the big picture is clear: The U.S. labor market has lost some of its mojo.
EghtesadOnline: The dollar weakened and Treasuries advanced with gold after the latest jobs report offered mixed signals on the strength of the American labor market, while U.S. stocks pushed to fresh records as technology shares extended a rally.
EghtesadOnline: U.S. job growth rebounded sharply in April and the unemployment rate dropped to 4.4 percent, near a 10-year low, pointing to a tightening labor market that likely seals the case for an interest rate increase next month despite moderate wage growth.
EghtesadOnline: The disappointing start to the year for Americans’ spending probably won’t be the story for the rest of 2017: Faster income growth, higher confidence and a robust labor market are all in place to help ensure a rebound.
EghtesadOnline: U.S. consumer confidence surged to a more than 16-year high in March amid growing labor market optimism while the goods trade deficit narrowed sharply in February, indicating the economy was regaining momentum after faltering at the start of the year.
EghtesadOnline: America’s labor market might not be as great yet as President Donald Trump wants, but by almost any measure, it’s getting better.
EghtesadOnline: Fresh signs of strength in the U.S. labor market reignited the dollar rally and sent U.S. stocks to all-time highs, with the Dow Jones Industrial Average climbing within one point of 20,000. Treasuries tumbled with gold as data bolstered the case for higher interest rates.
EghtesadOnline: A drop in U.S. exports last month pushed the country's trade deficit in goods higher while the number of Americans filing for unemployment benefits fell last week in a positive sign for the labor market.