Economists are divided on the risk of a U.S. recession. And the jobs data isn’t helping
"We're coming out of an extraordinary period that's not been seen before in history," Moody's William Foster told CNBC.
Job openings top 11.2 million in July, well above estimate and nearly double the available workers
Available positions totaled 11.24 million for the month, well in excess of the 10.3 million FactSet estimate, according to the JOLTS report.
The U.S. unemployment rate rose in August, and Black workers’ labor force participation declined
The August jobs report showed the U.S. unemployment rate rise across the board. Black workers' labor force participation fell during that time.
Payrolls rose 315,000 in August as companies keep hiring
Nonfarm payrolls were expected to increase 318,000 in August, according to Dow Jones estimates.
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.
Jobless claims total 232,000, the lowest level in two months
Claims totaled 232,000 for the week ended Aug. 27, a decline of 5,000 from the previous period and the lowest since June 25.
Private payrolls grew by just 132,000 in August, ADP says in reworked jobs report
Private payrolls grew by just 132,000 for the month, a deceleration from the 270,000 gain in July, the firm said in its monthly payroll report.
Steve Hanke says we’re going to have one ‘whopper’ of a recession in 2023
"The problem we have is that the [Fed Chair Jerome Powell] does not understand ... what the causes of inflation are and were," said the...
‘Why shouldn’t it be as bad as the 1970s?’: Historian Niall Ferguson has a warning for investors
Niall Ferguson warned Friday that the world is sleepwalking into an era of political and economic upheaval akin to the 1970s — only worse.