Weak July Jobs Report Signals Steep September Rate Cut: What the Experts Are Saying A marked slowdown in hiring and rising unemployment means the Fed might have to make steep cuts to interest rates soon. Kiplinger · Aug 2, 2024
Unemployment Rate Rises To 4.3% In June Recent rise in unemployment rate raises concerns about recession, but positive economic indicators offer hope. Top News · Aug 2, 2024
Economic recession fears grow after bleak jobs report and unemployment spike The unemployment rate also saw a jump over the last month, now sitting at 4.3 percent The Independent UK · Aug 2, 2024
Dollar Retreats as Weak US Jobs Report Boosts Fed Rate Cut Odds The dollar index (DXY00 ) today is down by -1.13% and tumbled to a 4-1/2 month low. The dollar sank today on the weaker-than-expected US Jul payroll report that showed the Jul payrolls rose less than expected and the Jul unemployment rate rose to a 2-3/4 year high. Also, wage... Barchart · Aug 2, 2024
US Unemployment Rate Jumps, Fed Expected To Cut Rates US unemployment rate rise prompts expectations of a significant rate cut by the Federal Reserve in September. Top News · Aug 2, 2024
Federal Reserve Likely To Cut Interest Rates In September Learn about the likelihood of a Federal Reserve interest rate cut in September due to rising unemployment rates and a focus on supporting a stable labor ma... Top News · Aug 2, 2024
US Extends Hiring Cooldown While Unemployment Highest Since 2021 The US jobs market cooled much more than expected in July with the unemployment rate reaching its highest since late 2021, government data showed Friday, paving the way towards post-pandemic interest rate cuts. International Business Times · Aug 2, 2024
US Unemployment Rate Rises To 4.3% In July US unemployment rate rises to 4.3% in July, highest since October 2021, signaling a cooling trend in the labor market. Top News · Aug 2, 2024
US Labor Market Cools Off, Raises Recession Concerns US labor market slowdown and rising unemployment rates raise concerns about economic growth and potential recession. Top News · Aug 2, 2024
US added just 114,000 jobs in July, unemployment rate hits 4.3% as interest rates take economic toll U.S. hiring decelerated sharply last month in the face of high interest rates as employers added a weak 114,000 jobs The Independent UK · Aug 2, 2024
July Jobs Report Expected To Show Modest Job Growth Economists predict 175,000 job gains in July report with steady 4.1% unemployment rate. Fed unlikely to cut rates until September. Top News · Aug 2, 2024
Dollar Ends Higher as Stocks Plunge The dollar index (DXY00 ) Thursday rose by +0.29%. The dollar on Thursday recovered from a 3-week low and posted moderate gains on weakness in the euro and British pound. The euro fell to a 4-week low on dovish ECB comments, and the British pound fell to a 3-1/2 week... Barchart · Aug 1, 2024
Dollar Gains on Weakness in the Euro and British Pound The dollar index (DXY00 ) today is up by +0.13%. The dollar today recovered from a 3-week low and is moderately higher on weakness in the euro and British pound. The euro fell to a 4-week low on dovish ECB comments, and the British pound fell to a 3-1/2 week... Barchart · Aug 1, 2024
Unemployment Claims Rise, But Remain At Healthy Level Learn about the recent increase in US unemployment claims and its implications on the economy. Top News · Aug 1, 2024
The Independent UK · Aug 1, 2024 The number of Americans filing for jobless claims hits highest level in a year The number of Americans filing for unemployment benefits jumped to its highest level in a year last week, even as the labor market remains broadly healthy
Barchart · Jul 31, 2024 Stock Index Futures Climb as Focus Shifts to Fed, U.S. ADP Jobs Report and Meta Earnings on Tap September S&P 500 E-Mini futures (ESU24) are up +0.98%, and September Nasdaq 100 E-Mini futures (NQU24) are up +1.57% this morning as expectations mounted that Fed Chair Jerome Powell might signal a potential rate cut for September, while investors also awaited a fresh batch of U.S. economic data and an…
Top News · Jul 30, 2024 Youth-Led Protests Sweep Across Africa Against Corruption And Unemployment Youth-led protests in Africa demand economic reforms, accountability for corruption, and governance improvements, sparking concerns of potential unrest spr...
Fortune · Jul 30, 2024 Today's Fed meeting is merely a warm up act for September according to Wall Street—but they shouldn't count their chickens just yet Wall Street analysts are not waiting to hear the outcome of today's FOMC discussions. Instead, they want after clues about Q3.
Fortune · Jul 29, 2024 Wall Street is worrying about the ‘Sahm Rule,’ which predicts recessions—but its creator is not, yet Claudia Sahm is cautioning against reading too much into her famous rule that suggests the U.S. is on the brink of a recession.
Roll Call · Jul 26, 2024 FactCheck updates how the US has performed under Biden - Roll Call From FactCheck.org: how the U.S. has fared under Joe Biden under a broad array of measurements, including economics and immigration.
Fortune · Jul 26, 2024 Even September may be too late for a rate cut to swing the U.S. economy out of a recession, warns former Fed president "Although it might already be too late to fend off a recession by cutting rates, dawdling now unnecessarily increases the risk."
Top News · Jul 25, 2024 US Weekly Jobless Claims Fall, But Remain Elevated Weekly jobless claims drop, but continuing claims rise, indicating challenges in job market amid inflation control measures.
The Independent UK · Jul 25, 2024 Fewer Americans file for jobless claims as applications remain at elevated, but not troubling levels Fewer Americans filed for unemployment benefits last week, but applications remained at recently elevated, though not troubling levels
The Guardian - AU · Jul 24, 2024 A second Trump presidency would send Australia down a dark economic path. Here’s how it might play out Under Trump’s tariff plans, our GDP would take a hit amid a nightmare trade war – and while we’re at it, forget emissions reductions or global agreements
Dynamite News · Jul 23, 2024 "Modi govt has increased unemployment in last 10 years": SP Chief Akhilesh Yadav criticises Union Budget SP chief Akhilesh Yadav criticised the Union Budget presented by FM Nirmala Sitharaman, saying that the budget is a way to retain power as it mentioned a special project for Bihar and Andhra Pradesh. Read further on Dynamite News: