Vague comments about possible future rate cuts were all that central bankers gave the markets. Patience will be difficult at this tricky moment, our columnist says.
Category: Unemployment
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China’s Youth Unemployment Rate Is Back, and Better
The government stopped releasing the jobless rate for young workers when it was soaring. It says its “optimized” new method is more accurate.
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U.S. Added 216,000 Jobs in December, Outpacing Forecasts
Hiring has throttled back from 2021 and 2022, but was impressive last year by longer-term standards.
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The Stock and Bond Markets Are Getting Ahead of the Fed
Stock and bond markets have been rallying in anticipation of Federal Reserve rate cuts. But don’t get swept away just yet, our columnist says.
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U.S. Job Growth Holds Up as Economy Gradually Cools
Interest rate increases have taken the edge off labor demand, but unemployment dipped in November, and wages rose more than expected.
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U.S. Job Openings Dropped in October
The number of openings fell to 8.7 million from 9.3 million in September, the Labor Department said, a sign of continued cooling in the labor market.
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JOLTS Report Shows U.S. Job Openings Steady in September
The Labor Department report is a gauge of how well the labor market can withstand the highest interest rates in two decades.
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For China’s Jobless Young People, Hostels Are the Place to Be
Chinese backpacker hostels offering bunk beds for a few dollars a night have become hubs for the anxiety and ambitions of job-seeking youth.
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Adams Says NY Regained Its Lost Jobs. Why Doesn’t It Feel That Way?
Mayor Eric Adams announced last week that the city recovered all of the jobs lost during the pandemic. Analysts say that’s only part of the story.
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American Household Wealth Jumped in the Pandemic
Pandemic stimulus, a strong job market and climbing stock and home prices boosted net worth at a record pace, Federal Reserve data showed.
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The U.S. added 336,000 jobs in September.
The labor market is providing solid income growth, even as inflated prices frustrate consumers.