American small-business confidence slightly climbed to a seven-month high last month, but concerns about inflation remain persistent, according to a recent report. Pessimism over the U.S. economy diminished sharply, while sales expectations improved, but a persistently tight labor market is continuing to concern analysts about future inflation rates. The National Federation of Independent Business (NFIB)…
Small-Business Optimism Rises, but Inflation Concerns Remain Persistent
July 14, 2023
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Clear Signs US Jobs Market is Cooling: Analyst
July 7, 2023
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Business & MarketseconomyEpochTVFederal Reserveinflationjobslabor marketMarketsNTD Businessrecession
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The U.S. economy added 209,000 jobs last month. This is the lowest number of jobs added in over 2 years, and comes in below analyst expectations for the first time in 13 months. Is the U.S. economy’s growth slowing? Are the federal reserve’s interest rate hikes finally having an impact? NTD speaks with a labor…
‘Measure Outcomes, Not Hours Worked’ to Increase Employee Productivity: Analyst
A recent survey found that 1 in 7 Americans admit they only work for about 3 to 4 hours on average each day when working remotely. Nearly 3 out of 4 remote workers are scrolling through social media during their workday, while more than a third are shopping. NTD speaks to Ira Wolfe, recognized as…
American Workers Want About $76,000 in Starting Wages to Take a Job Due to Inflation
April 19, 2023
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American workers are demanding at least nearly $76,000 annual wage from potential employers before taking a job due to high inflation and a tight labor market. Employee wage expectations skyrocketed to a new high of $75,811 a year in March, according to the SCE Labor Market Survey from the Federal Reserve Bank of New York. This is $2,100 higher…
Job Openings Fall the Most in 2 Years
April 5, 2023
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AnalysisBusiness & MarketsBusiness Columnistsemploymentinflationjob openingslabor marketlabor participationOpinionU.S. economyU.S. jobs marketunemployment
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Commentary With labor participation rates still far below pre-lockdown norms, and with the rising investment we should be seeing, one might suppose job openings would be growing. Trends are going in the opposite direction. Job openings for March fell the most they have in two years. This data, however, needs to be unpacked a bit…
European Shadow Unemployment Is a Real Dilemma
Commentary The latest jobs report in the United States shows strengths and weaknesses. Total nonfarm payroll employment increased by 223,000 in December, and the unemployment rate fell to 3.5 percent. However, the U.S. job market continues to show negative real wage growth, the employment-to-population ratio is 60.1 percent, and the labor force participation rate is…
Job Openings Ease, but Remain High Amid Fed’s Efforts to Dent Labor Market
Job openings in the United States inched down by around 350,000, to 10.3 million as of the last day of October, with the closely watched measure likely to get a lukewarm reception by Federal Reserve officials who have been trying to dent the labor market somewhat in their fight against runaway inflation. The latest readings…
US Job Cuts Hit Highest Level in 20 Months as Downturn Fears Grow
Despite a strong jobs market report earlier this week, October saw the largest amount of monthly job cuts since February 2021. Many American companies are expecting an economic downturn heading into the fourth quarter, leading to fears that more cuts are likely to come. The U.S. labor market has remained strong this year, despite scattered…
Most Business Economists Say US Already in Recession or May Be Soon: NABE Survey
The majority of business economists believe the United States is already in the midst of a recession, despite the Biden administration insisting the economy is strong enough to avoid one, according to a new report. The October 2022 National Association for Business Economics (NABE) Business Conditions Survey report was conducted between Oct. 3–10 among 55 NABE members….
Cracks Emerge in US Labor Market as Job Cuts Surge 46 Percent, Unemployment Claims Jump
More signs of weakness have surfaced in the U.S. labor market as a government report showed jobless claims rising above market expectations while data from outplacement firm Challenger, Gray & Christmas showed job cuts surging by a whopping 46 percent in September. The number of weekly unemployment filings came in at 219,000 last week, a Department…
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