Jobs News Fed Chair Powell Just Said The Labor Market Is Getting Vulnerable Friday’s Jobs Report Could Prove Why

Fed Chair Jerome Powell says US may be drastically overstating jobs numbers

Powell said that Fed staffers believe federal data could be overstating job creation by up to 60,000 jobs a month—which suggests the jobs market might be shrinking. Read More

How AI Could Reshape the Economy and the Job Market: Here's Fed Chair Powell's Perspective

Federal Reserve Chair Jerome Powell says AI spending is lifting growth and could help boost productivity, but raises questions about the impact it may have on the labor market. Read More

Powell acknowledges labor market slowdown but rejects fears of steep decline

Federal Reserve Chair Jerome Powell discusses labor market outlook after the third interest rate cut this year, citing unemployment rise to 4.4% and slowing job growth. Read More

The Fed just admitted the job market is worse than official data suggests

The official government data paints a picture of a labor market that is cooling but resilient, with steady, albeit modest, job growth. But on Wednesday, Federal Reserve Chair Jerome Powell signaled a ... Read More

The Fed delivers a rare ‘hawkish cut’ as Powell tries to steady a softening job market

“If the Fed waits to cut until they see clear deterioration, they’ve waited too long,” she said. Initial jobless claims remain low, she noted, but they are not predictive. As a lagging indicator, they ... Read More

The U.S. added just 64,000 jobs in November — a sign the labor market is slowing

Hiring cooled this fall, according to delayed figures released by the Labor Department Tuesday. Employers added 64,000 jobs in November as the unemployment rate rose to 4.6%. Read More

The U.S. added a robust 119,000 jobs in September, but there are still signs of a weakening labor market

The United States added 119,000 jobs in September, a stronger-than-expected figure and a sign that the economy was adding jobs at a healthy clip before government shutdown. But the details of the ... Read More

'Stale' September Jobs Data Is Mixed News for a Divided Fed

(Reuters) -The U.S. economy added more jobs than expected in September, but a rise in the unemployment rate and downward revisions to prior months still presented an ambiguous picture for Federal ... Read More

White House says key economic reports may not be released

The White House said Wednesday it was unlikely that key federal inflation and labor reports impacted by the government shutdown would be released. “The Democrats may have permanently damaged the ... Read More

The Fed just cut interest rates for the third-straight time

The Fed said Wednesday afternoon it is trimming its benchmark lending rate by a quarter point, its third such reduction this year. Follow along as Chair Jerome Powell discusses the move. Read More