Payrolls Increase by Nearly 1.4 Million as The Unemployment Rate Tumbles
KEY POINTS Nonfarm payrolls increased by 1.37 million in August vs. Dow Jones estimates of 1.32 million. The unemployment dropped to 8.4% from 10.2% in...
Improvements That Boost a Home’s Resale Value
If you’re considering selling your home, now may be the time. The real-estate website Zillow reports that the speed of house sales is the fastest...
Private Payrolls Grow by 428,000 But Miss Expectations, ADP Report Says
KEY POINTS Private payrolls rose by 428,000 in August, according to a report from ADP that was below the 1.17 million expectations. Big business led...
Job Growth Expected to Slow Sharply Over The Next Decade, Labor Department Says
KEY POINTS From the period of 2020-29, the economy is expected to add a net 6 million new jobs, an annual growth rate of just...
Fed’s Harker Says It Will Take ‘A While’ for Jobs Market to Heal, Would Be OK With Inflation at 2.5%
KEY POINTS Philadelphia Fed President Patrick Harker said Friday that it will take a significant amount of time before the U.S. sees unemployment figures return to...
Fed’s Bullard Says The Recession Is Over But Rates Will ‘Stay Low for A Long Time’
KEY POINTS St. Louis Fed President James Bullard said on “Closing Bell” that he expected the third quarter to be “one of the best quarters...
Fed’s Mester Says Recovery Will Be ‘a Slow One’ And More Economic Support Is Needed
KEY POINTS “There’s more pain out there that we’re going to have to support the economy through,” Loretta Mester, president of the Cleveland Fed. “I...
Next up For The Federal Reserve: Convincing The Markets It Can Do What It Says It Will Do
KEY POINTS In a historic shift, Chairman Jerome Powell announced that the Fed will allow inflation to run modestly higher for periods of time. Markets...
A ‘Double Dip’ in The U.S. Economy is ‘Still Possible,’ Says Former Fed Official
KEY POINTS There’s still a possibility that the U.S. economy will experience a “double dip” if the coronavirus outbreak is not managed well, said Dennis Lockhart, former...
Postponing An Election is Incredibly Hard, However Here’s What Experts State Might Happen to The Economy if The 2020 Election Were Held off
KEY POINTS The chances of a delayed election is slim; the House and Senate must agree to postpone the election. Political chaos caused by a...