The labor market continued to see growth in November, although with little net change since April, and the unemployment rate had little change from September, according to the latest Employment Situation Summary from the U.S. Bureau of Labor Statistics (BLS), delayed due to the government shutdown. The latest jobs report saw employment grow by 64,000…
While the uncertainty of the government shutdown is now more than a week behind us, consumer outlook on the economy has shown little improvement, per the latest index of Consumer Sentiment from the University of Michigan. In the latest index, consumer sentiment was reported at a near record low of 51; for reference, 100 is…
In a delayed report on job growth from the Bureau of Labor Statistics (BLS) on Nov. 20, U.S. employers added 119,000 jobs in September, with the unemployment rate rising slightly to 4.4%. Employment continued to trend up in healthcare, food services and drinking places, and social assistance. Job losses occurred in transportation and warehousing and…
Federal Reserve Governor Lisa Cook pointed to tariffs as the cause of a recent rise in inflation data during a Nov. 3 speech on economic outlook and monetary policy. During her speech, Cook noted the rise in inflation as of the September PCE report, which saw annual inflation hit “significantly” above the Fed’s 2% inflation…
Despite the uncertainty surrounding the length of the government shutdown and its ongoing effects, Federal Reserve Chair Jerome Powell yesterday highlighted concerns over employment data as all eyes are on the Federal Open Market Committee (FOMC) and a potential interest rate cut ahead of their next meeting Oct. 28-29. In a speech at the National…
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