Tag Archives: employment

The US service sector continued its expansionary trend in October, with the Institute for Supply Management (ISM) Services PMI surging to 56. This reading surpassed market expectations of 53.8, signaling a robust acceleration in business activity compared to the previous month. The uptick was driven by a combination of factors, …

The U.S. labor market experienced a significant slowdown in October, with nonfarm payrolls adding just 12,000 jobs, far below the expected 106,000. This steep drop comes after September’s revised 223,000 job increase, as the Labor Department indicated that severe hurricanes in the Southeast and strikes in manufacturing weighed heavily on …

In October, U.S. private payroll growth exceeded forecasts, adding 233,000 jobs, as reported by the ADP National Employment Report. This growth followed an upwardly revised increase of 159,000 in September, well above the 114,000 jobs economists had anticipated. The ADP report, created with Stanford’s Digital Economy Lab, precedes Friday’s comprehensive …

Despite his refusal to give precise timing or extent hints, Fed Chair Jerome Powell set the foundation for future interest rate reductions on Friday. During the Fed’s annual retreat in Jackson Hole, Wyoming, the Chair of the Board of Directors declared, “The time has come for policy to adjust.” This …

Fed Chair Jerome Powell is scheduled to deliver his most important speech of the year, raising concerns that the Fed may have delayed relieving pressure on the economy. In July, following the central bank’s decision to maintain interest rates, Fed Chair Jerome Powell addresses reporters at a news conference. Most …

The latest Federal Reserve meeting minutes indicate a strong likelihood of a rate cut at the upcoming September meeting. The vast majority of FOMC participants expressed confidence that the recent economic data, including inflation and unemployment trends, support a reduction in interest rates. While caution was advised regarding the sustainability …

The Fed is prepared to reduce key interest rates next month as a result of inflation getting closer to its 2% target, while officials at the Fed are now focusing on the state of the labour market because they are growing more optimistic about their ability to control inflation amid …

Eurozone manufacturing activity contracted in June due to faster contractions in output, new orders, and employment, according to the latest HCOB Purchasing Managers’ survey data by S&P Global. The manufacturing Purchasing Managers’ Index (PMI) fell to 45.8 in June from May’s 14-month high of 47.3, suggesting a strong and accelerated …

According to Fed official Mary Daly, higher interest rates are still required to reduce inflation and demand in the US economy. Though it’s unclear which scenario is more plausible, Daly thinks the Fed is prepared to act in response to both a deteriorating labour market and inflation staying above its …

Fed Chairman Jerome Powell noted that the revised forecast is a conservative approach and left open the possibility of additional rate reduction. Federal Reserve officials released a startling change to their estimates for the number of interest rate cuts this year.Following the two-day monetary policy meeting in Washington on Wednesday, …