* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, June 1, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Mavs CEO holds firm on new arena, entertainment district in Dallas – Dallas News

    Mavs CEO Stands Strong on Vision for New Arena and Entertainment District in Dallas

    Entertainment: On Your Marks, Get Set, Beer Run! – Urban Milwaukee

    Get Ready to Race: The Ultimate Beer Run Experience Awaits!

    Rachel Guttman Launches Entertainment Law Firm Gutt Law, PLLC [Exclusive] – MusicRow.com

    Rachel Guttman Unveils Exciting New Entertainment Law Firm: Gutt Law, PLLC!

    HYBE Cashes In: Offloads Final Stake in K-Pop Rival SM Entertainment for $177 Million!

    Allied Gaming & Entertainment Receives Expected Nasdaq Notice Regarding Delayed Quarterly Report – Business Wire

    Allied Gaming & Entertainment Faces Nasdaq Notice Over Delayed Quarterly Report

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

    Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Drone technology demo in Cambria County showcases future of lifesaving medical deliveries – local21news.com

    Revolutionizing Healthcare: Drone Technology Takes Flight for Lifesaving Medical Deliveries in Cambria County

    Revolutionary Harvesting Technology Promises to Slash CAR-T Manufacturing Costs!

    Stop the Machines: The Rise of Anti-Technology Extremism – International Centre for Counter-Terrorism – ICCT

    Unplugged: The Surge of Anti-Technology Extremism

    Finland to head EU’s quantum defense technology project – Latest news from Azerbaijan

    Finland Takes the Lead in Pioneering EU’s Quantum Defense Technology Initiative!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Mavs CEO holds firm on new arena, entertainment district in Dallas – Dallas News

    Mavs CEO Stands Strong on Vision for New Arena and Entertainment District in Dallas

    Entertainment: On Your Marks, Get Set, Beer Run! – Urban Milwaukee

    Get Ready to Race: The Ultimate Beer Run Experience Awaits!

    Rachel Guttman Launches Entertainment Law Firm Gutt Law, PLLC [Exclusive] – MusicRow.com

    Rachel Guttman Unveils Exciting New Entertainment Law Firm: Gutt Law, PLLC!

    HYBE Cashes In: Offloads Final Stake in K-Pop Rival SM Entertainment for $177 Million!

    Allied Gaming & Entertainment Receives Expected Nasdaq Notice Regarding Delayed Quarterly Report – Business Wire

    Allied Gaming & Entertainment Faces Nasdaq Notice Over Delayed Quarterly Report

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

    Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Drone technology demo in Cambria County showcases future of lifesaving medical deliveries – local21news.com

    Revolutionizing Healthcare: Drone Technology Takes Flight for Lifesaving Medical Deliveries in Cambria County

    Revolutionary Harvesting Technology Promises to Slash CAR-T Manufacturing Costs!

    Stop the Machines: The Rise of Anti-Technology Extremism – International Centre for Counter-Terrorism – ICCT

    Unplugged: The Surge of Anti-Technology Extremism

    Finland to head EU’s quantum defense technology project – Latest news from Azerbaijan

    Finland Takes the Lead in Pioneering EU’s Quantum Defense Technology Initiative!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home News

US jobs report likely to show a solid gain, potentially complicating Fed’s drive to cool inflation

July 7, 2023
in News
US jobs report likely to show a solid gain, potentially complicating Fed’s drive to cool inflation
Share on FacebookShare on Twitter

WASHINGTON — Another solid month of hiring in the United States is expected to be reported Friday, an outcome that would suggest no recession is near but could make it harder for the Federal Reserve to succeed in its drive to cool the economy and curb high inflation.

Employers are forecast to have added 205,000 jobs in June, according to economists surveyed by data provider FactSet. Though below recent monthly gains, that would amount to a healthy increase and reflect a historically high number of advertised job openings.

A continuation of robust hiring would underscore the economy’s surprising resilience at a time when the Fed has jacked up its key interest rate by a sizable 5 percentage points — the fastest pace of rate hikes in four decades. Those increases have made mortgages, auto loans and other forms of borrowing significantly more expensive. Yet consumers are still increasing their spending, if modestly, providing the incentive for some companies to keep hiring and expanding.

Economists have projected that the unemployment rate dipped last month from 3.7% to 3.6%, near the lowest level in five decades.

Even a modest job gain for June would virtually cement the likelihood that the Fed will resume its rate hikes when it next meets later this month. Before pausing last month, the central bank had boosted its benchmark rate 10 straight times. Chair Jerome Powell said then that the Fed had skipped a rate hike so policymakers could take stock of what impact sharply higher borrowing costs have had on the economy.

When they met in June, the Fed’s policymakers indicated that they envisioned as many as two additional quarter-point rate hikes before year’s end. Previously, Fed watchers had expected the officials to signal just one more rate increase this year. Their updated projections reflected the belief of many Fed officials that they need to do more to conquer inflation, which is down sharply from its peak, but at 4% is still well above the Fed’s 2% target.

On Thursday, Lorie Logan, president of the Federal Reserve Bank of Dallas, suggested that persistently high inflation and “a stronger-than expected labor market” mean that borrowing costs will need to go still higher.

“I remain very concerned about whether inflation will return to target in a sustainable and timely way,” Logan said in remarks at a central banking conference in New York. “And I think more-restrictive monetary policy will be needed.”

Other Fed officials are looking for signs of what they describe as better balance in the job market, by which they mean the supply and demand for workers would become more equal. After the economy emerged from the pandemic, the number of available jobs surged above 10 million — the highest level on record. That burgeoning demand for labor coincided with millions of Americans dropping out of the workforce to retire, avoid COVID, care for relatives or prepare for new careers.

With companies struggling to fill numerous openings, many offered sharply higher pay and better benefits to attract or keep employees. Fed officials still worry that rising pay levels will keep inflation chronically elevated once companies pass on their growing labor costs by raising prices.

There has been some progress toward a better alignment of supply and demand: About 2 million people have started looking for work in the past seven months, and most of them have found jobs. As the supply of workers has improved, businesses say they are seeing more people apply for open positions. And the number of job openings dropped in May, a sign that demand for workers is gradually cooling, though it remains higher than in pre-pandemic times.

In another sign of a potential slowdown in the job market, fewer Americans are quitting their jobs to search for new positions. Quits had soared after the pandemic. Millions of Americans had sought more meaningful or better-paying jobs, stoking the pressure on companies to raise pay to keep their employees. In May, about 4 million Americans left their jobs, up from April’s figure but below a peak of 4.5 million reached last year.

“As economic uncertainty has been growing, workers are a little less eager to switch jobs, which might indicate that the labor market will slow down,” said Luke Pardue, an economist at Gusto, which makes payroll software for small- and medium-sized businesses.

Still, other recent reports suggest that the economy has continued to expand and that demand for workers remains high. On Thursday, a survey of service providers — including banks, restaurants and shipping companies — found that the sector expanded at a healthy clip in June and that services companies accelerated their hiring compared with May.

Also on Thursday, the payroll provider ADP reported an explosive increase in hiring by private employers in June — 497,000 added jobs. ADP’s hiring figures, though, often diverge from the government’s official data.

“Time and time again, economists and analysts have expected a strong slowdown to appear in the jobs numbers, which just hasn’t materialized over the past six months,” Pardue said. “Despite a lot of calls for a recession in the near term, the job market remains surprisingly resilient.”

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : ABC News – https://abcnews.go.com/Business/wireStory/us-jobs-report-show-solid-gain-potentially-complicating-100827866

Tags: newsReportsolid
Previous Post

Retirement home fire kills six people, injures 68 in Italy

Next Post

Food delivery services sue NYC over minimum pay rates for app-based workers

Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

June 1, 2025
With college sports in limbo and key issues coming to a head, the spotlight is on the SEC: ‘It’s going to get heated’ – Yahoo Sports

SEC Showdown: Tensions Rise as College Sports Face Uncertain Future

June 1, 2025
Upgrades coming to ecological park in Sunbury – WNEP

Upgrades coming to ecological park in Sunbury – WNEP

June 1, 2025
This will ‘devastate scientific research’: 16 states sue the Trump administration over National Science Foundation directive – CNN

This will ‘devastate scientific research’: 16 states sue the Trump administration over National Science Foundation directive – CNN

June 1, 2025
Trump’s new ‘gold standard’ rule will destroy American science as we know it | Colette Delawalla – The Guardian

Trump’s Controversial ‘Gold Standard’ Rule: A Threat to the Future of American Science

June 1, 2025
The month of pride – financialexpress.com

Celebrating Pride: A Month of Love, Acceptance, and Empowerment

June 1, 2025
Elon Musk: Five ways world’s richest man changed the White House – BBC

Elon Musk’s Impact: Five Transformative Ways the World’s Richest Man Influenced the White House

June 1, 2025
Last Week at Economy Class and Beyond (31st May) – Economy Class & Beyond –

Last Week at Economy Class and Beyond (31st May) – Economy Class & Beyond –

June 1, 2025
Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

June 1, 2025
Governor Newsom proclaims Mental Health Awareness Month – Governor of California (.gov)

Governor Newsom Declares May as Mental Health Awareness Month!

June 1, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (655)
  • Economy (670)
  • Entertainment (21,576)
  • General (15,254)
  • Health (9,712)
  • Lifestyle (672)
  • News (22,149)
  • People (671)
  • Politics (678)
  • Science (15,891)
  • Sports (21,175)
  • Technology (15,658)
  • World (658)

Recent News

Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

June 1, 2025
With college sports in limbo and key issues coming to a head, the spotlight is on the SEC: ‘It’s going to get heated’ – Yahoo Sports

SEC Showdown: Tensions Rise as College Sports Face Uncertain Future

June 1, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version