The Fed is on course to cut interest rates in December, but what happens next is anyone’s guess
Friday’s jobs report virtually cements that the Federal Reserve will approve an interest rate cut when it meets later this month.
Economy
Unemployment rate jumps more than a percentage point for Black women in November
The unemployment rate jumped significantly for Black women in November.
Here’s where the jobs are for November 2024 — in one chart
Health care and social assistance led the way yet again last month, seeing 72,300 new positions added in that area, per the Bureau of Labor Statistics.
Payrolls increased 227,000 in November, more than expected; unemployment rate at 4.2%
Nonfarm payrolls were expected to rise 214,000 in November, according to the Dow Jones consensus forecast.
There’s an important jobs report coming Friday. Here’s what to expect
The jobs report due out Friday could provide a clearer picture of where the labor market is headed.
Trump plans to nominate Paul Atkins as SEC chair in crypto-friendly move
President-elect Donald Trump plans to nominate financier Paul Atkins to head the Securities and Exchange Commission.
Private payrolls grew by 146,000 in November, less than expected, ADP says
Companies added 146,000 jobs on the month, below the downwardly revised 184,000 in October and less than the Dow Jones estimate for 163,000.
France’s political chaos casts long shadow over economic growth
“At a time when economic growth in France is slowing markedly, this is bad news. The public deficit will remain high, debt will continue to grow,” ING analysts said.
Job openings jumped and hiring slumped in October, key labor report for the Fed shows
Job openings totaled 7.74 million on the month, up 372,000 from September.
Fed Governor Waller says he is ‘leaning toward’ a December rate cut, but worries about inflation
Federal Reserve Governor Christopher Waller cited recent data indicating that progress on inflation may be “stalling.”