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The Latest Breaking News from Thomas Simons

Strip out health care and social services, and the U.S. lost jobs in 2025—something that usually happens in recessions

“It’s fair to call this a hiring recession or a jobless boom,” said economist Heather Long.

Government will release September jobs report next week, ending data drought from federal shutdown

Government will release September jobs report next week, ending data drought from federal shutdown

The Labor Department will release its numbers on September hiring and unemployment next Thursday, a month and a half late, marking the beginning of the end of a data drought caused by the 43-day federal government shutdown

The Independent UK

Stock Market Today: Solid Signals Lift Stocks Despite Tariff Noise

Stock Market Today: Solid Signals Lift Stocks Despite Tariff Noise

Markets are whistling over the White House in an ongoing display of corporate America's enduring ability to survive and advance.

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Stocks are soaring as Wall Street celebrates a cooler-than-expected inflation report that could signal the end of the Fed's rate hikes: ‘The immaculate disinflation continues’

“The Fed is increasingly likely to be in a position to cut rates in the second quarter of 2024,” Lazard's chief market strategist says.

‘The death of this economy was greatly exaggerated’: Initial jobless claims just fell to their lowest level since February, increasing the odds of a soft landing

Strong initial claims data is evidence that a recession in 2023 is looking less likely, many economists say.

A yearlong slowdown in US inflation may have stalled in July

Inflation in the United States likely rose in July for the first time in 12 months, driven higher by more expensive gasoline and suggesting that the fight against rising prices may prove bumpier in the months ahead

The Independent UK

American manufacturing just slumped to its lowest level in 3 years. Jefferies says the sector is 'still mired in recession'

The ISM Manufacturing Purchasing Managers’ Index fell to 46 last month from 47.1 in May, its lowest point since May 2020.

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A $1.8 trillion student debt burden set to again threaten US consumers

The U.S. Supreme Court’s ruling throwing out President Joe Biden’s student loan relief plan will likely further dent consumer spending at a time when the main engine of the economy is already stalling.

Tribune News Service

The latest GDP numbers have economists fearing more than just a recession: ‘The U.S. might well be facing stagflation’

The latest GDP numbers have economists fearing more than just a recession: ‘The U.S. might well be facing stagflation’

“This morning’s data was the worst of both worlds, with growth down and inflation up,” said Chris Zaccarelli, chief investment officer of Independent Advisor Alliance.

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