T he US economy underperformed expectations as it added only 175,000 nonfarm payroll jobs in the month of April as the ...
The economy added 175,000 jobs last month, a slowdown in hiring. The unemployment rate ticked up to 3.9 percent.
WASHINGTON (Reuters) - U.S. worker productivity growth slowed sharply in the first quarter, resulting in a surge in labor costs, but the trend in productivity remained solid. Nonfarm productivity ...
U.S. nonfarm payrolls increased by 175,000 last month, the Bureau of Labor Statistics said Friday, or the smallest gain in six months. Economists were looking for the addition of about 240,000 jobs.
The Employment Cost Index (ECI), the broadest measure of labor costs, increased 1.2% last ... closer to the Fed's 2% target. Though job growth accelerated in the first quarter, surveys including ...
US job growth was markedly below analyst expectations in April while unemployment crept up, government data showed Friday, ...
Labor market strength will probably prop up household spending and economic growth. But stubborn inflation could risk the US central bank keeping interest rates higher for a longer period of time ...
US jobs data indicates a slight weakening in the market, boosting expectations that Fed rate cuts may happen sooner than ...
Job growth in ... hopes that the US will be able to avoid a painful economic downturn of the kind that has often historically ...
"The US economic upturn lost momentum at the start ... activity reveal a sharp and unexpected slowdown in the pace of growth in April 2024, marking the softest expansion since December 2023.
Homeowners have been spending more on home renovations in recent years, as high interest rates and stubbornly high inflation ...
The reduction came after significant cost-cutting ... demand in the US economy and its impact on the interest rates. The Labor Department’s report is expected to show US job growth probably ...