Page 2 - Eric Merlis News Today

More workers came off the sidelines in November, boosted by the end of actors' and auto workers' strikes.

Core inflation seen remaining sticky, but the Fed to hold rates steady in December.

Strong labor market, resilient consumer drive return to modest growth A strong labor market and resilient consumer trends supported a slight improvement in economic conditions during the third quarter as inflation

(2023-10-30 | NYSE:CFG) Citizens Business Conditions Index(TM) Rebounds Slightly in Q3

A third straight month of slower jobs growth and an uptick in the unemployment rate keeps the Fed on track to leave interest rates unchanged.

Employers are hiring at a moderate pace, further evidence that a recession isn’t inevitable in the fight against inflation.

The Fed is expected to keep interest rates steady at its September meeting.

Report shows slowdown in small business formation, but rise in unemployment

A mixed jobs report should keep the Fed on track to leave interest rates unchanged at its next meeting, experts say. Although the July jobs report showed that wages rose once again, the slowest pace of hiring since late 2020 and downward revisions to the prior two month's payrolls figures likely keeps the Federal Reserve on track to leave interest rates unchanged at the next Fed meeting, experts say.Nonfarm payrolls expanded by 187,000 last month, the Bureau of Labor Statistics said Friday,...

Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies.