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To wit, the Fed actually lowered its unemployment forecasts from 4.4% to 4.2% for the end of this year and from 4.4% to 4.3% next year. Read more: What the Fed rate cut means for bank accounts ...
The 4.2% unemployment rate is projected to hold steady to end 2024, below the September forecast of 4.4%, the Fed’s median estimate shows. The rate is expected to close out 2025 at 4.3% ...
Compared to the prior year, wages rose 4% in November, more than than 3.9% that had been forecast. Meanwhile, the labor force participation rate fell to 62.5% in November, down from 62.6% in October.
The US labor market entered a new gear in the second half of 2024. Low-hire, low-fire. "We are in a 'low-hire, low-fire' environment," Bank of America's lead economist Aditya Bhave said in a note ...
That means the jobless rate will likely end the year below the 4.4% forecast by the Fed in September, underscoring the labor market remains on solid footing. ... How will the 2024 election affect ...
"The labor market and wage growth are receding as a source of inflationary pressures," said Nancy Vanden Houten, lead U.S. economist at Oxford Economics. ... the CPI was forecast to rise 0.3% for ...
The release is the first fresh reading on the state of the labor market since a weak July jobs report fueled recession fears less than a week ago. That report showed the US economy tallied its ...
Still, there's been a clear slowdown in the labor market. The unemployment rate has steadily crept up in 2024 and sits at 4.2%, near its highest level in almost three years. Meanwhile, job gains ...