The U.S. labor market ended 2024 on a high note, with employers adding 256,000 jobs in December. This exceeded expectations and reflected confidence in economic stability. The unemployment rate dropped to 4.
Wall Street's fear gauge hit a three-week high on Friday. A Labor Department report showed job growth unexpectedly accelerated in December while the unemployment rate fell to 4.1% as the labor market ended the year on a strong note. A hotter-than-expected ...
Wall Street wiped out its entire post-election rally this week as mounting interest-rate fears were stoked by a red-hot labor market, surging inflation expectations and escalating geopolitical tensions ahead of Donald Trump‘s return to the White House.
Jobs data for December will add to ongoing mixed signals in the U.S. labor market. Analysts surveyed by Dow Jones expect 155,000 jobs added on the month, down from 227,000 in November, with the unemployment rate expected to have remained unchanged at 4.
Wall Street's main indexes were on track to open higher on Tuesday, as investors assessed softer-than-expected producer inflation to gauge the Federal Reserve's monetary policy trajectory this year. A Labor Department report showed the producer price index rose 3.
Wall Street's main indexes fell on Tuesday as investors turned their attention to upcoming inflation data and quarterly earnings reports, which are expected to provide insights into the health of the U.
The U.S. Department of Labor said it entered an agreement with JBS USA in which the meatpacker will provide $4 million to assist individuals and communities affected by unlawful child labor practices nationwide.
Wall Street's main indexes surged on Wednesday, with the benchmark S&P 500 at a one-week high, propelled by lower-than-expected core inflation data for December and robust quarterly earnings from the biggest U.
U.S. stocks tumbled, with the S&P 500 erasing its 2025 gains, after an upbeat jobs report stoked fresh inflation fears and reinforced bets that the Federal Reserve will be cautious in cutting interest rates this year.
The number of Americans filing new applications for unemployment benefits rose marginally last week, suggesting no deterioration in labor market conditions and reinforcing expectations that the Federal Reserve would not cut interest rates next week.
Among a series of executive orders President Donald Trump signed this week, he ordered federal employees of the executive branch to return to in-person work full-time, instituted a hiring freeze for many federal positions, and established a Department of Government Efficiency.
Surging automobile insurance costs in MD and elsewhere around the country contributed to the annual inflation rate of 2.73 percent.