Payrolls rose 339,000 in May, much better than expected in resilient labor market
Nonfarm payrolls were expected to increase by 190,000 in May, according to Dow Jones.
Here’s what to watch out for in Friday’s jobs report for May
Economists surveyed by Dow Jones expect job growth in May of 190,000, a decline from the 253,000 in April.
Private payrolls rose by 278,000 in May, well ahead of expectations, ADP says
The U.S. labor market posted another month of surprising strength in May as companies added jobs at a pace well above expectations.
Inflation rose 0.4% in April and 4.7% from a year ago, according to key gauge for the Fed
The core personal consumption expenditures price index was expected to increase 0.3% in April, according to a Dow Jones estimate.
A U.S. recession would be ‘good news’ for markets, strategist says
A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder and CEO of Destination Wealth...
How the A.I. explosion could save the market and maybe the economy
Whether it's personalized shopping or self-driving cars, AI will become a factor in virtually everyone's lives.
Former Fed Chair Ben Bernanke says there’s more work ahead to control inflation
A research paper notes that inflation has evolved since ballooning to a 40-year high in the summer of 2022.
Bank of England governor says the UK is facing a wage-price spiral
Andrew Bailey said second-round effects of wage growth and price setting were "unlikely to go away as quickly as they appeared."
Retail sales rose 0.4% in April, less than expected as consumers struggle with inflation
Excluding auto-related figures, sales increased 0.4%, which was in line with expectations.