The jobless rate increased last month. That’s largely due to positive labor-market dynamics under the hood, according to economists.
The U.S. unemployment rate rose in August, and Black workers saw declining participation in the labor force
The August jobs report showed the U.S. unemployment rate rise across the board. Black workers’ labor force participation fell during that time.
Stocks making the biggest moves midday: Kohl’s, Broadcom, Lululemon and more
These are the stocks posting the largest moves midday.
‘Why shouldn’t it be as bad as the 1970s?’: Historian Niall Ferguson has a warning for investors
Top historian Niall Ferguson warned Friday that the world is sleepwalking into an era of political and economic upheaval akin to the 1970s — only worse.
Here’s where the jobs are for August 2022 — in one chart
Professional and business services and health care were bright spots for the labor market in August.
Payrolls rose 315,000 in August as companies keep up hiring pace
Nonfarm payrolls were expected to increase 318,000 in August, according to Dow Jones estimates.
The Fed must do two things to re-establish credibility, Allianz’s El-Erian says
The U.S. Federal Reserve needs to do two more things to re-establish its credibility, according to Mohamed El-Erian, chief economic adviser to Allianz.
Stocks making the biggest moves premarket: Lululemon, Broadcom, Starbucks and more
These are the stocks posting the largest moves before the bell.
China’s electric car firms, which rely heavily on Nvidia, are safe from the U.S. chip ban — for now
U.S. restrictions on Nvidia chip sales to China won’t affect Chinese electric car companies.
Turkey’s skyrocketing inflation is flashing warning signals for Gulf banks
Ratings agency Fitch calculates that GCC banks with Turkish subsidiaries posted net losses of roughly $950 million in the first half of 2022.