Worker pay pops in January. Credit minimum-wage increases.
The average wage earned by an American worker rose a sharp 0.5% in January, more than twice the typical increase. How come? Most likely because higher minimum wages kicked in in a number of states.
Report 'supports the Fed’s pause,' economist says
Count CIBC's Ali Jaffery among the economists who see the Federal Reserve holding off on moving interest rates in the wake of ...
Rearview look at the labor market shows lots of forward momentum
The critical question to Wall Street investors and Federal Reserve VIPs before the January jobs report was whether the U.S. labor market really did gather strength at the end of 2024. It sure did.
Frontier Air’s outlook outpaces Wall Street estimate as it adds routes
Frontier Group Holdings Inc. said it would break even or make money in the coming quarter, instead of posting a loss as ...
Fed's Kashkari says drop in unemployment rate is most important statistic
The decline in the unemployment rate is the most important piece of data from the January jobs report, said Minneapolis Fed President Neel Kashkari, on Friday. The unemployment rate slipped to 4% in ...
Jobs report big picture: Economy and labor market just fine. And the Fed is on hold.
The U.S. labor market is doing just fine - and that means the Federal Reserve is likely to sit on the sidelines for a while. Hiring has slowed a bit since 2023, to be sure, and it’s taking longer for ...
Here is Bessent's best play to coax 10-year Treasury yields lower, BCA says
It's the budget. Treasury Secretary Scott Bessent said earlier this week that the Trump administration wants to focus on lowering borrowing costs by getting the 10-year Treasury yield down, not by ...
Jobs data 'probably keeps Fed on hold for one more meeting'
Reaction is rolling in to the January jobs report, which saw payrolls rise less than expected though figures for December and January were revised higher and the unemployment rate fell back to 4% from ...
Treasury yields rise after U.S. jobs report
Treasury yields were higher on Friday, as investors weighed fresh data showing that jobs growth slowed more than expected in January while wage growth increased more than anticipated. The yield on the ...
U.S. labor market is as good as it gets, with some wage pressure: economist
The U.S. economy is operating at "full employment," said Betsy Stevenson, economic professor at the University of Michigan. That translates into 'as good as it gets.' There were signs of building wage ...
Forget soft January jobs report. U.S labor market is pretty darn strong.
The economy added a mild 143,000 new jobs in January as massive California wildfires and a cold snap in much of the country ...
U.S. stock futures drift lower after January jobs report misses expectations
U.S. stock futures drifted lower on Friday after the January jobs report missed economists' expectations. Data released by the Labor Department showed the U.S. economy added 143,000 jobs last month, ...