January’s payrolls report on Friday could be rough, with as many as 400,000 jobs lost by one estimate
A jobs market that was on fire for most of 2021 looks like it sustained a cold splash of reality to start the new year.
Companies unexpectedly cut 301,000 jobs in January as omicron slams labor market, ADP says
Private payrolls fell by 301,000 for the month versus the estimate for a 200,000 gain, according to payrolls processing firm ADP.
Long-term unemployment tumbles in January
The share of workers unemployed for more than six months fell significantly from December, on the back of an unexpectedly strong January jobs report.
Fed influence, shaky forecasts, delayed decisions: How the Biden administration misread the inflation threat
The Biden administration misread the rising threat of inflation for a variety of reasons, according to several economists and current and former officials.
Black unemployment rate dips, labor force participation rises in January
The Black unemployment rate dipped to 6.9% in January from 7.1%.