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Where new jobs were in 2024, and potential growth areas in a second Trump term
The labor market may be poised for dislocation with President-elect Donald Trump set to take office for the second time later this month. For the past two years, health care has dominated all other industries in terms of growth, aided partly by Covid-related spending. The health care and social assi
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The unemployment rate for Black women fell in December, following a sharp rise
The unemployment rate fell for Black women in December, following an alarming increase in the figure for November. Overall, nonfarm payrolls grew much more than expected in December, rising 256,000 in the month and topping economists' prediction for a gain of 155,000, per Dow Jones. The unemployment
Here’s where the jobs are for December 2024 – in one chart
December's job report marked yet another month of stronger-than-expected growth, with gains coming from many different parts of the U.S. economy. Last month, health care and social assistance jobs saw the largest gains for a third consecutive month, adding 69,500 to payrolls, according to data from
U.S. payrolls grew by 256,000 in December, much more than expected; unemployment rate falls to 4.1%
Job growth was much stronger than expected in December, likely providing the Federal Reserve less incentive to cut interest rates this year. Nonfarm payrolls surged by 256,000 for the month, up from 212,000 in November and above the 155,000 forecast from the Dow Jones consensus, the Bureau of Labor
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German industry might have reached the bottom
On the radar Trade balance in Romania was in deficit of EUR -2.84 billion. Retail sales grew dynamically in November in Romania – up by 9.2% y/y. 3Q24 GDP growth was revised marginally up to 1.2% y/y in Romania. At 10.30 AM CET Slovenia will publish industrial output growth in November. At noon CET
Friday's jobs report could present a mixed view of the labor market. Here's what to expect
The December jobs report is likely to provide only limited clarity on where the labor market is headed, with experts differing on how pronounced a slowdown there is in hiring. From a consensus view, economists expect the Bureau of Labor Statistics on Friday morning to report a gain of 155,000 in non
Private sector companies added 122,000 jobs in December, less than expected, ADP says
Private sector job creation eased more than expected in December while wages grew at the slowest pace in nearly 3½ years, payment processing firm ADP reported Wednesday. Companies added a seasonally adjusted 122,000 jobs for the month, down from 146,000 additions in November and less than the Dow Jo
Trump could declare national economic emergency to justify universal tariffs, CNN reports
President-Elect Donald Trump is contemplating calling a national economic emergency to implement his wide-reaching tariff policies, four sources familiar with the matter told CNN. A declaration of this nature will give Trump power to create the tariff program he made a pinnacle of his campaign for t
Dollar strengthens as solid U.S. data pushes up bond yields
The dollar pushed higher for a second day on Wednesday, while other major currencies languished near multi-month lows after strong U.S. data drove a spike in bond yields and pared some bets on Federal Reserve rate cuts. Data on Tuesday showed U.S. job openings unexpectedly rose in November and layof
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NZD/USD hangs near daily low around 0.5625 area; looks to FOMC minutes for fresh impetus
NZD/USD struggles to gain any meaningful traction as traders now await FOMC meeting Minutes. The Fed’s hawkish shift remains supportive of elevated US bond yields and favors the USD bulls. Geopolitical risks and trade war fears also contribute to capping the upside for risk-sensitive Kiwi. The NZD/U
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