Tag Archives: Unemployment

Unemployment at Nearly Five Decade Low

The unemployment rate dropped to 3.7 percent in September, a nearly five-decade low. September marked the third straight month of unemployment below 4 percent. The economy added 134,000 jobs last month, which was below economists predicted but a decrease in … Continue reading

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Inflation Falls Below Expectation

On Thursday, October 11th, the U.S. Labor Department came out with the consumer-price index(CPI) report showing a 0.1% rise CPI for the month of September. This figure fell below the consensus estimate of 0.2% and marks the second consecutive month … Continue reading

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Fed Leaves Rates Unchanged in November, December Hike on the Table

As expected by the entire market, the Federal Reserve chose to leave interest rates unchanged on Wednesday ahead of the upcoming presidential election next Tuesday. The benchmark federal funds rate still sits at a target range of 0.25%-0.5% after the … Continue reading

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US Existing Homes Market Falls for Second Straight Month

For the second straight month, sales of already owned homes in the US have taken a fall. Sales of existing homes fell 0.9% from last month, creating concern in the housing market. This downward trend in the market has been … Continue reading

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Jet Prices Take Center Stage as Boeing Cuts Jobs

Boeing announced that it would cut 4,500 positions from its 161,000 strong workforce by June amid competition against Airbus in the global commercial aviation industry. 4,000 cut employees will come from its commercial unit sector which has $431 billion backlog … Continue reading

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U.S. Labor Market Shows both Strength and Setbacks

The U.S. Bureau of Labor Statistics reported that job openings fell in August and missed analyst expectations. According to the JOLTS report, job openings decreased to 5.4 million, while analysts had estimated the index to come in at 5.63 million. … Continue reading

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September U.S. Jobs Report: Unemployment Remains at 5.1%

On Friday, October 2nd, the U.S. economy released weak jobs data in the September Jobs Report. There was a seasonally adjusted increase of 142,000 payrolls in September, far below economists’ expectations of 200,000. July and August figures were revised downwards, … Continue reading

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