Hiring surges but trends show more working-age men dropping out of labor force
Job growth surged last month, shaking off fears of a hiring slowdown. Employers added 517,000 jobs in a hiring boom far stronger than anyone had expected. The jobless rate dropped to 3.4%, the lowest level in 53 years. The report underscores the challenges facing Federal Reserve officials who…#federalreserve #paulsolman #nicholaseberstadt (Source: Reuters: Health)
Source: Reuters: Health - February 4, 2023 Category: Consumer Health News Source Type: news

Jobs report tells markets what Fed chairman Powell tried to tell them
Oh dear. A lot of investors just learned again, the hard way, the old rule: When someone tries to tell you something about themselves, listen. On Wednesday afternoon Federal Reserve Chairman Jerome Powell said over and over again: We’re not done raising interest rates. We’re not finished. We’re…#federalreserve #jeromepowell #cathiewood #bigshort #twitter #mainstreet #fedspeak #powells (Source: Reuters: Health)
Source: Reuters: Health - February 4, 2023 Category: Consumer Health News Source Type: news

Is it hot in here, or is it just the new jobs numbers?
The U.S. economy is red hot, adding 517,000 jobs in January. Unemployment is at its lowest rate in more than 50 years. So why are there so many jobs when there's talk about a possible recession?One idea that's been talked about is labor hoarding, where employers hold onto more staff than they…#planetmoney #applepodcasts #plusnprorg (Source: Reuters: Health)
Source: Reuters: Health - February 4, 2023 Category: Consumer Health News Source Type: news

Hiring refuses to slow down
The seemingly endless announcements of mass layoffs notwithstanding, Americans haven’t been this employed in more than fifty years. The Bureau of Labor Statistics said yesterday that the US added a whopping 517,000 jobs last month and the unemployment rate dropped slightly, to 3.4%—the lowest it’s…#departmentoflabor #alphabet #meta #amazon #pwc #northropgrumman #federalreserve (Source: Reuters: Health)
Source: Reuters: Health - February 3, 2023 Category: Consumer Health News Source Type: news

Gold's massive $50 daily drop is just a'speed bump' in the 2023 outlook but be aware of more profit-taking next week - analysts
The gold market saw significant losses Friday as the precious metal dropped $50 on the day following a shockingly solid employment report out of the U.S. The U.S. economy added a staggering 517,000 jobs in January as the unemployment rate dropped to 3.4% — the lowest level since 1969. This took…#ism #federalreserve #oanda #edwardmoya #kitconews #jeromepowell #comex #gainesvillecoins #everettmillman #millman (Source: Reuters: Health)
Source: Reuters: Health - February 3, 2023 Category: Consumer Health News Source Type: news

The state of optimism, was Steve Jobs a psychopath and the coming bumper sticker renaissance
In this episode we discuss the virtues and misuses of optimism. We dig into how optimism gets applied to the way we build strategies, teams, and products in tech and media. We over a lot in this near hour-long episode but we try to stay upbeat. Show notes: Troy Young's People vs Algorithms…#brianmorrissey #rebooting #universalentities #troy (Source: Reuters: Health)
Source: Reuters: Health - February 3, 2023 Category: Consumer Health News Source Type: news

January ’s strong jobs report lifted bond yields. Why’s that?
The number of jobs the economy added in the first month of 2023 blew past most analysts’ wildest expectations: 517,000, according to the U.S. Bureau of Labor Statistics. Surveys show economists were expecting less than half that, and the bond market did something almost instantly on the news —…#jakejolly #markcabana #simonharvey #monexeurope #harvey #federalreserve #markzandi #moodysanalytics #marketplace (Source: Reuters: Health)
Source: Reuters: Health - February 3, 2023 Category: Consumer Health News Source Type: news

Oil Prices Crash After Perky Jobs Data
Crude oil prices fell on Friday afternoon following reports of strong U.S. jobs data, with WTI crashing by more than 2.5% to $73.88 The U.S. January jobs report indicates that the jobs market is stronger than expected, with employers adding 517,000 in January. This compares to economists that had…#brent #russian #opec #federalreserve (Source: Reuters: Health)
Source: Reuters: Health - February 3, 2023 Category: Consumer Health News Source Type: news

Rocket Companies CEO says the housing market will return to ‘normal’ in 2023 and what happens when the COVID-19 emergency declaration ends? Brace for big…
The jobs report showed the economy added 517,000 jobs in January, nearly three times most estimates.. Read More ‘I’m very optimistic’: Rocket Companies CEO says the housing market will return to ‘normal’ in 2023 Mortgage rates are falling. Will that be enough for the housing market to recover?…#readmore #jayfarner #readmoremeta #medicaid #vw #kiaev6 (Source: Reuters: Health)
Source: Reuters: Health - February 3, 2023 Category: Consumer Health News Source Type: news

Stock Market Rally Signals It's Not Another Bear Run; Here's What To Do Now
The stock market rally had another big week, with the Nasdaq running higher amid major news from the latest Fed outlook to the jobs report to massive earnings from Apple (AAPL), Meta Platforms (META) and more. Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq…#appleaapl #metaplatforms #meta #apple #amazoncom #amzn #sqm #pstg #freeportmcmoran #autoliv (Source: Reuters: Health)
Source: Reuters: Health - February 3, 2023 Category: Consumer Health News Source Type: news

Oil falls as strong U.S. jobs data prompt interest rate concerns
Oil prices fell on Friday in a volatile session, after strong U.S. jobs data raised concerns about higher interest rates and as investors sought more clarity on the imminent EU embargo on Russian refined products. Brent crude futures fell $2.43, or 3%, to $79.74 a barrel, after rising to a session…#russian #federalreserve #philflynn #pricefuturesgroup #priyankasachdeva #phillipnova #kremlin #capitaleconomics #billweatherburn #anz (Source: Reuters: Health)
Source: Reuters: Health - February 3, 2023 Category: Consumer Health News Source Type: news

Strong jobs report shows that, despite layoff headlines, there's still plenty of hiring going on
The past several months have been dominated by headlines of layoffs at high-profile companies, particularly in the tech industry. But Friday morning, the Bureau of Labor Statistics reported that the U.S. added 517,000 jobs in January, while the unemployment rate fell to 3.4%, the lowest it's been…#universityofmichigan #justinwolfers #elisegould #siliconvalley #amazon #google #alphabet #ibm #intel #salesforce (Source: Reuters: Health)
Source: Reuters: Health - February 3, 2023 Category: Consumer Health News Source Type: news

Wall Street Breakfast: Wage Watch
The labor market is still "out of balance," Fed Chair Jerome Powell said at a press conference earlier this week, putting today's non-farm payrolls report high up on the watchlist. Economists expect the U.S. economy to have added 185K jobs in January, down from the 223K added in December, with the…#jeromepowell #walmart #wmt #damirtokic #labordepartment #uscensusbureau #bigtech #appleaapl #amazon #amzn (Source: Reuters: Health)
Source: Reuters: Health - February 3, 2023 Category: Consumer Health News Source Type: news

Jobs blowout: What the employment report means for Biden and Powell
President Joe Biden celebrated the report as evidence the economy is continuing to hum along, and the number is likely to blunt attacks from Republicans over the administration’s spending policies. But senior officials in the West Wing were privately hoping for a less-robust number. So was Fed…#republicans #jeromepowell #ronklain #philadelphia #nickbunker #indeedhiringlab #neilarmstrong #joebrusuelas #rsmus #ianshepherdson (Source: Reuters: Health)
Source: Reuters: Health - February 3, 2023 Category: Consumer Health News Source Type: news

Jobs Data Crushes Estimates, Markets Rethink Fed Predictions
Friday’s jobs data showed the economy added far more jobs than analysts expected, putting the unemployment rate at its lowest in more than 50 years. It sent markets into a frenzy trying to decipher what this means for interest rates. Markets slipped on the news initially before recovering later in…#cryptos #btc #federalreserve #tomessaye #sevensreportresearch #cmegroup #fomc #edwardmoya #oanda #postfed (Source: Reuters: Health)
Source: Reuters: Health - February 3, 2023 Category: Consumer Health News Source Type: news