January 10, 2024
“…The trade targets a surge in US 10-year yields to as high as 4.15% by Friday’s close of business, or a jump of about 0.15 percentage points from Thursday’s closing level. That would mark the biggest one-day rise in 10-year… Continue Reading…
January 8, 2024
“…December’s jobs report showed employers added 216,000 positions for the month while the unemployment rate held at 3.7%. Payroll growth showed a sizeable gain from November’s downwardly revised 173,000. October also was revised lower, to 105,000 from 150,000, indicating a slightly less… Continue Reading…
December 18, 2023
“News media outlets have done away with nearly 2,700 jobs so far in 2023, the most since 2020, according to a new study. Data from outplacement firm Challenger, Gray and Christmas found media companies overall have made 20,324 cuts so far in… Continue Reading…
October 6, 2023
“Job growth was stronger than expected in September, a sign that the U.S. economy is hanging tough despite higher interest rates, labor strife and dysfunction in Washington. Nonfarm payrolls increased by 336,000 for the month, better than the Dow Jones… Continue Reading…
August 15, 2023
“IBM CEO Arvind Krishna announced a hiring pause in May, but that’s not all. Later that month, the CEO also stated the company plans to replace nearly 8,000 jobs with AI. Krishna noted that back-office functions, specifically in the human resources (HR)… Continue Reading…
August 1, 2023
“U.S. pharmacy chain CVS Health is cutting 5,000 jobs, the Wall Street Journal reported on Monday, citing a staff memo. In an emailed response to Reuters, CVS confirmed the company was laying off some non-customer facing employees to cut costs,… Continue Reading…
April 5, 2023
“Private sector hiring decelerated in March, flashing another potential sign that U.S. economic growth is heading for a sharp slowdown or recession, payroll processing firm ADP reported Wednesday. Company payrolls rose by just 145,000 for the month, down from an… Continue Reading…
December 15, 2022
“EDITOR’S NOTE: Markets were closely watching the Jobs Report in the first week of December, worried that job growth beyond consensus estimates would signal a continuation of inflation, especially amid a high level of job openings. Citi’s recent statement peers beyond… Continue Reading…
July 8, 2022
“Job growth accelerated at a much faster pace than expected in June, indicating that the main pillar of the U.S. economy remains strong despite pockets of weakness. Nonfarm payrolls increased 372,000 in the month, better than the 250,000 Dow Jones… Continue Reading…
June 23, 2022
“…Companies including Twitter Inc. , real-estate brokerage Redfin Corp. , and cryptocurrency exchange Coinbase Global Inc. have rescinded offers in recent weeks. Employers in other pockets of the economy are pulling away offers too, including some in insurance, retail marketing, consulting and recruiting services. At the same time,… Continue Reading…
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