Employers across the U.S. added 165,000 jobs in October, soaring past economists’ forecasts and signaling that employers are stepping up hiring despite headwinds such as inflation. By the numbers Economists had forecast the economy would add 65,000 new jobs last month, according to financial data firm FactSet. The unemployment rate stood at 4.1% in October,…
Inflation held steady in August, with consumer prices rising 3.4% from a year earlier, matching July’s pace but coming in slightly higher than economists had forecast as gasoline costs kept prices elevated. By the numbers Economists polled by FactSet expected inflation to rise in August at an annual rate of 3.3%. The CPI, a basket…
U.S. employers added 162,000 jobs in August, more than double economists’ forecasts and signaling a sharp acceleration from hiring in July. By the numbers Economists polled by FactSet forecast employers added 65,000 jobs in August. The unemployment rate was 4.1% in August, unchanged from the previous month. Hiring in August was boosted by job gains…
Inflation eased for the second consecutive month, rising at a 3.4% annual pace in July, in line with economists’ expectations and a signal that some price pressures may be easing. By the numbers Economists polled by the financial data firm FactSet predicted July inflation rose at an annual rate of 3.4%. Oil prices surged in…
The U.S. economy unexpectedly shed 23,000 jobs in July, undershooting economists’ expectations and signaling the job market may be slowing. By the numbers Economists polled by FactSet forecast employers added 95,000 jobs in July. The unemployment rate in July stood at 4.1%, down from 4.2% in June. The Labor Department also revised down the May…
Inflation across the U.S. accelerated in May as the shock to global energy supplies from the Iran war continued to push prices higher. The Consumer Price Index rose at an annual rate of 4.2%, up from 3.8% in the prior month and marking the highest level since April 2023. By the numbers Economists polled by financial…
