Unemployment rate unexpectedly rose to 3.8% in August as payrolls increased by 187,000
Nonfarm payrolls were expected to increase 170,000 in August, according to a Dow Jones consensus estimate.
Taylor Swift, Beyoncé and ‘Barbenheimer’ are lifting consumer spending this quarter. But Morgan Stanley says it may not last
Morgan Stanley sees a potential unwinding from these events, as well as the resumption of student loan payments, in the fourth quarter.
U.S. job growth slowed sharply to 177,000 in August, below expectations, ADP says
Economists surveyed by Dow Jones were expecting 200,000 jobs added in August.
American workers are demanding almost $80,000 a year to take a new job
The average "reservation wage," or the minimum acceptable salary offer to switch jobs, rose to $78,645 during the second quarter of 2023.
China’s economic model is ‘washed up on the beach,’ says veteran investor David Roche
China's economic model is "washed up on the beach" and "not going to take off again," which will have a big impact on global markets,...
Retail sales increased 0.7% in July, better than expected as consumer spending is holding up
The advanced retail sales report showed a seasonally adjusted increase of 0.7% for the month, better than the 0.4% Dow Jones estimate
Inflation gauge rose 3.2% annually in July, less than expected
The consumer price index in July was expected to rise 0.2% from the prior month and 3.3% from a year ago, according to Dow Jones.