Will the stubbornly high unemployment rate fall at all? We'll find out whether when the January employment reports come out this week. Also worth watching for are a host of earnings reports, led by economic bellwhether UPS. The package deliverer is expected to post strong results.
Investors shouldn't overreact to the dismal November jobs report. Employers have historically held off on hiring when the stock market has been volatile, like last month.
The recent tremors in global equity markets may have deep roots. As investors are becoming aware, there is growing evidence that the economy is slowing down in Europe, Asia and the U.S. Here's a look at some of the key data.
The unemployment rate rose in August for the first time in four months as weak hiring by private employers wasn't enough to keep pace with a large increase in the number of people looking for work.
With the latest weekly initial jobless claims declining 6,000 to 472,000, the U.S. labor market has eked out some modest improvement. Still, jobless claims need to drop below 400,000 during the next two quarters to show broad economic gains.
Yesterday's bleak announcement that U.S. jobless claims spiked by 12,000 to 500,000 last week sent shivers through Asian markets. In Japan the Nikkei 225 Index slumped 2% and in China the Shanghai Composite Index fell 1.7%. Hong Kong's Hang Seng Index inched down 0.4%.
Last week's employment report was disappointing: Employers cut double the number of jobs expected, added fewer new ones than predicted, and even temp job numbers fell to a loss. Is this a trend or an anomaly?
The Labor Department says companies added a net total of 71,000 jobs in July, far below the roughly 200,000 needed each month to reduce the unemployment rate. The jobless rate was unchanged at 9.5 percent. Overall, the economy lost a net total of 131,000 jobs last month, as 143,000 temporary census jobs ended.
Some of the day's top online stories for investors, including why I think the economy is getting better, a great interview with hedge-fund manager Steve Cohen, and the worst trading day on a jobs report.