What to expect from the first jobs report of Trump’s second presidency
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2 weeks, 6 days ago

What to expect from the first jobs report of Trump’s second presidency

CNN  

CNN — The Labor Department is set to release the February jobs report at 8:30 a.m. By and large, economists expect it will show another month of solid job gains. But the Trump administration’s massive federal cuts and swelling feelings of economic uncertainty helped fuel a recession-level spike in layoff plans last month, new data showed Thursday. US-based employers last month announced plans to slash 172,017 jobs, a 103% increase from a year ago and the highest February total since 2009, according to Challenger, Gray & Christmas’s latest monthly job cuts report released Thursday. Thursday’s report is “something to be concerned about,” said Gregory Daco, chief economist at EY Parthenon, noting that the government cuts accounted for one-third of the overall announced layoffs. Hints of warning signals Thursday’s Challenger report provided the first substantial economic data point on the federal workforce cuts and their potential ripple effects.

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US employers cut more jobs last month than any February since 2009
3 weeks ago

US employers cut more jobs last month than any February since 2009

CNN  

CNN — The Trump administration’s massive federal cuts and swelling feelings of economic uncertainty helped fuel a recession-level spike in layoff plans last month, new data showed Thursday. US-based employers last month announced plans to slash 172,017 jobs, a 103% increase from a year ago and the highest February total since 2009, according to Challenger, Gray & Christmas’s latest monthly …

US employers cut more jobs last month than any February since 2009
3 weeks ago

US employers cut more jobs last month than any February since 2009

CNN  

CNN — The Trump administration’s massive federal cuts and swelling feelings of economic uncertainty helped fuel a recession-level spike in layoff plans last month, new data showed Thursday. US-based employers last month announced plans to slash 172,017 jobs, a 103% increase from a year ago and the highest February total since 2009, according to Challenger, Gray & Christmas’s latest monthly …

What to expect in Friday’s jobs report
1 month, 3 weeks ago

What to expect in Friday’s jobs report

CNN  

CNN — If the pundits proved right, the US labor market was supposed to have broken down by now. “It’s a bit of a corny phrase, but I think the idea of the labor market being at a crossroads is an apt analogy,” said Oliver Allen, senior US economist at Pantheon Macroeconomics. “That leaves us in a situation where things …

Wall Street week ahead: Spotlight on Trump trade war, jobs & manufacturing data
1 month, 3 weeks ago

Wall Street week ahead: Spotlight on Trump trade war, jobs & manufacturing data

Live Mint  

Wall Street investors will have a plenty of economic data to watch for in the week ahead. Besides economic data, the markets are likely to show some reactions to Donald Trump’s trade war, sparked by the US imposing sweeping tariffs on imports from Canada, Mexico and China. Economic calendar On February 3, separate reports on S&P final US manufacturing PMI …

January US jobs report may provide clarity amid disruptions
5 years, 1 month ago

January US jobs report may provide clarity amid disruptions

Associated Press  

WASHINGTON — With China’s viral outbreak disrupting trade and Boeing’s troubles weighing on American factories, the January U.S. jobs report on Friday may provide timely evidence of the U.S. economy’s enduring health. Along with January’s hiring data, the Labor Department is expected to report that the United States had 500,000 fewer jobs in March 2019 than previously estimated. But its …

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