Fed’s Goolsbee says ‘golden path’ of a huge drop in inflation without a recession is still possible
Chicago Fed President Austan Goolsbee said a soft landing is still on the table as the Fed seeks to combat inflation without hurting the economy significantly.
Central banks look to have hit peak rates. Here’s how markets think they’ll come down
The world's major central banks paused their interest rate hiking cycles in recent weeks and markets are turning their attention to the first round of...
Unemployment among Hispanic workers rises at faster pace in October than overall rate
The labor market showed deterioration for Hispanic workers, whose unemployment rate rose more than average in October.
Bad news for the economy is good news for the stock market… as long as it doesn’t get too bad
Bad news is good news, as long as it isn't too bad.
Here’s where the jobs are for October 2023 — in one chart
Hiring in health care and government were two bright spots in a relatively weak October jobs report.
U.S. payrolls increased by 150,000 in October, less than expected
Nonfarm payrolls were expected to grow by 170,000 in October, according to a Dow Jones consensus estimate.
Goldman Sachs says the Israel-Hamas war could have major implications for Europe’s economy
The Israel-Hamas war could significantly impact economic growth and inflation in the euro zone unless energy prices remain contained, Goldman Sachs says.
Here’s what to watch in Friday’s big October jobs report
Economists surveyed by Dow Jones are expecting jobs growth of just 170,000 in October, down from 336,000 the previous month.
Labor costs show surprise decline in the third quarter
Unit labor costs, a measure of hourly compensation against productivity, fell 0.8% for the July-through-September period.