Abor Sector Performance News Today

From actors to autoworkers, more than 450,000 workers have participated in 312 strikes in the United States this year, according to Cornell University’s Labor Action Tracker.

During a Friday speech about the September jobs report, President Joe Biden delivered a rapid-fire series of three false or misleading claims – falsely saying that he has cut the debt, falsely crediting a tax policy that didn’t take effect until 2023 for improving the budget situation in 2021 and 2022, and misleadingly saying that he has presided over an “actual surplus.”

The US labor market surged in September, blowing expectations out of the water by adding 336,000 jobs, according to Bureau of Labor Statistics data released Friday.

The US labor market surged in September, blowing expectations out of the water by adding 336,000 jobs, according to Bureau of Labor Statistics data released Friday.

The US economy feels lousy for so many people. So you’d think some really, really, shockingly good news about the job market would give Americans’ spirits a boost.

Almost any economist will tell you they don’t have a crystal ball. But using all kinds of fancy (and sometimes not so fancy) models, they make predictions about forthcoming economic data. And oftentimes, economists’ consensus forecasts are spot on.

This time last week, the prospects seemed to be growing dimmer that the September jobs report would land this Friday as planned.

US employers in the private sector added an estimated 89,000 jobs in September, a much lower total than expected and a potential indication of a sharp pullback in the labor market, payroll processor ADP reported Wednesday.

Higher gas prices heated up overall inflation last month, but the Federal Reserve got some welcome news: Its preferred inflation gauge cooled to its lowest level in two years.

US inflation is now much slower than last summer’s red-hot pace, but it’s not guaranteed it will drift all the way down to the Federal Reserve’s 2% target without a sharp rise in unemployment. That possibility remains unlikely.