U.S. inflation rose at the fastest pace in nearly four decades in December, at a level not seen since since 1982, before President Reagan…
Tag: U.S. unemployment
U.S. job growth misses badly, sharply missing economists’ expectation
U.S. job growth faltered in December the Labor Department said in its monthly payroll report released Friday. Payrolls in December rose by…
Wall Street tumbles as investors eye hot inflation data
Wall Street tumbled as the S&P 500 and the Nasdaq each fell more than 1% on Tuesday after hot inflation data showed…
U.S. inflation surges to 39-year high as consumer prices continue to soar
Consumer prices surged at the fastest pace in nearly four decades in November as Americans paid more for practically everything from…
Wall Street extends sell-off on fears of long-term high inflation
Wall Street’s main indexes fell on Wednesday as a surge in U.S. consumer prices last month deepened fears that high inflation is here to stay…
U.S. producer price inflation jumps 8.6% YOY in October, matching the largest increase on record
Inflation at the wholesale level jumped 8.6% in October from a year earlier, matching September’s record YOY gain. U.S. inflationary pressure…
U.S. economy falters as GDP slows sharply in Q3, missing expectations; consumers downshift spending
U.S. gross domestic product (GDP) growth sharply decelerated to an 2% annualized rate in the third quarter, down from a 6.7% rate in the…
Disappointing September U.S. jobs report badly misses expectations; Dow futures turn negative
A disappointing September U.S. jobs report released Friday badly missed expectations with nonfarm payrolls rising by just…
Weekly U.S. jobless claims rise more than expected
The number of Americans filing for first-time unemployment benefits rose by 11,000 to 362,000 in the week ended September 25th, according…
U.S. stock futures drop ahead of jobless claims amid economic recovery worries
U.S. stock index futures fell on Thursday ahead of weekly jobless claims data, as worries over slowing economic growth were a drag…
U.S. job creation for August was a huge disappointment, sharply misses expectations
U.S. job creation for August was a huge disappointment with non-farm payroll growth in August increased by just 235,000 vs. expectations…
ADP U.S. unemployment report misses badly, with only 330,000 jobs added amid inflation concern
Private payroll firm ADP’s U.S. unemployment report on Wednesday revealed that employers added a disappointing 330,000 jobs in July…
Fed official: U.S. unemployment may not return to Trump lows
The U.S. unemployment rate may not return to the more than half-century lows recorded under former President Donald Trump…
U.S. GDP well below expectations; unemployment claims higher than expected
U.S. GDP (Gross Domestic Product) – the broadest measure of economic performance – came in well below expectations…
S&P 500 and Dow indexes fall as U.S. weekly jobless claims hit a two-month high
The S&P 500 and the Dow indexes fell on Thursday after data showed weekly jobless claims hit a two-month high, while a rise in megacap tech…
Apple gains in premarket trading on downbeat U.S. jobs report
Futures tracking the NASDAQ jumped more than 1% on Friday as mega-cap growth stocks rallied in premarket trading after a downbeat jobs report…
U.S. jobs report sharply misses expectations, unemployment rate rises to 6.1%
The U.S. economy added 266,000 jobs in April, sharply missing economists’ expectations to mark the largest expectation gap in 23 years…
Wall Street slips as tech slide resumes, U.S. jobless claims rise
Wall Street’s main indexes fell on Thursday as investors continued to shift out of tech shares, while a rise in U.S. weekly jobless claims…
U.S. job growth stronger than expected in October, unemployment rate slides to 6.9%
U.S. job growth posted a stronger than expected gain in October. U.S. nonfarm payrolls increased by 638,000 for the month and…
U.S. private employers add 749,000 jobs in September, topping expectations
U.S. private employers hired at a faster-than-expected pace in September, created 749,000 new jobs last month, according to the ADP…
U.S. job creation exceeds expectations, unemployment rate falls to 8.4%
In a welcome sign, the U.S. has returned to single digit unemployment rate numbers, falling to 8.4%, down from 10.2% in June…
Fed Chairman Powell announces major policy shift in approach to inflation
The U.S. Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run higher than…
U.S. economy tops expectations with 1.8M jobs added; unemployment rate falls to 10.2%
The U.S. economy topped expectations with 1.8 million jobs added in July. The unemployment rate fell to 10.2%, down from 11.1% in June…
Stock futures turn positive after much better-than-expected U.S. unemployment data
Stock futures turned positive after much better-than-expected U.S. unemployment data was released. New filings for U.S. unemployment benefits…
Dow Jones rallies 200 points amid stimulus talks; Apple continues rise
The Dow Jones Industrial Average rallied more than 200 points in early Monday trading amid ongoing COVID-19 stimulus talks. Apple shares earlier jumped…
Stock futures sink as COVID-19 shutdowns cause historic U.S. contraction
Wall Street’s main indexes were set to open lower on Thursday after data showed the economy suffered its steepest contraction since the Great Depression…
Nasdaq hits record high as tech stocks rise, jobless claims come in better than expected
Stocks moved higher Thursday morning, with tech shares continuing their relentless march higher and sending the Nasdaq Composite to a fresh record high…
Silicon Valley economy remains strong 100 days into COVID-19 disruption
While virtually every aspect of the U.S. economy has been hit hard during the COVID-19 pandemic, the tech industry and its Silicon Valley hub…
Nasdaq hits record high as U.S. economy shows signs of swift rebound
On growing hopes of a swift economic rebound, the Nasdaq on Friday became the first of the three major U.S. stock indexes to bounce back to a record high …
U.S. surprisingly adds 2.5 million jobs, unemployment rate falls to 13.3%
The May jobs report showed a surprising rise in the number of U.S. non-farm payrolls in the economy and a drop in the U.S. unemployment rate from April…
Tech stocks boost Nasdaq as recovery optimism prevails
Tech shares drove the Nasdaq index higher on Thursday, with U.S. weekly jobless claims dipping below 2 million, bolstering economic recovery optimism …
U.S. stocks surge as jobs and services data show signs economy likely near bottom
As labor and services data showed a slowdown in the pace of the economic damage wrought by the COVID-19 shutdowns, U.S. stocks surged, adding to…
U.S. unemployment claims drop sharply as country reopens
First-time claims for U.S. unemployment benefits totaled 2.1 million last week, the lowest total since the coronavirus shutdowns began. Economists surveyed…
President Trump: We won’t close America when second COVID-19 wave hits
President Donald Trump said “we are not closing our country” if the U.S. is hit by a second wave of COVID-19 infections. “People say that’s a very…
Why is the stock market rising even though 26M people are out of work?
Many investors believe the stock market has gone bonkers, saying it has become totally divorced from the reality on Main Street.…
U.S. payrolls plunge 701,000 in March, unemployment rate rises to 4.4%
U.S. non-farm payrolls in March fell by 701,000 and the unemployment rate rose to 4.4%. Some two-thirds of the drop came in the hospitality industry…
As U.S. economy expands, coronavirus has little impact so far
As the U.S. economy expanded at a modest to moderate pace over the past several weeks, the coronavirus has had little impact so far on U.S. economic data…
Dow jumps 300 points on strong U.S. jobs report; Apple hits new all-time high
U.S. stocks soared Friday after a much better-than-expected employment report for November from the Labor Department which saw the economy create 266,000 new jobs…
November U.S. job growth increased by the most in 10 months, confirming economic expansion continues
Employers added 266,000 jobs in November and unemployment matched a 50-year low of 3.5%…
Dow rallies more than 350 points as U.S. unemployment hits 50-year low
The U.S. economy added 136,000 jobs in September as the unemployment rate fell to 3.5 percent, its lowest since 1969, the Bureau of Labor Statistics said…
Apple’s announcement of new campus location said to be imminent
Amazon is still considering the Triangle for its huge HQ2 project, and downtown Raleigh…
How Apple transformed a North Carolina town
For the second time in a decade, Apple looks to be focused on North Carolina..
