News

U.S. hiring slows in November, jobless rate dives

Published

3 years ago

December 6, 2021

ticker NEWS

U.S. employers added far fewer jobs than expected in November, as millions of unemployed Americans likely remained home. But the unemployment rate dropped sharply. Fred Katayama reports.

The pace of hiring slowed abruptly in the U.S. last month. New figures from the Labor Department out Friday show the economy added 210,000 new jobs in November – significantly below economists’ forecasts for as many as half a million, in line with the hiring surge in October.

But at the same time, the unemployment rate plunged, down to 4.2 percent – the lowest level since February 2020, just before the coronavirus pandemic.

And average wages rose.

The report paints a picture of a workforce that still hasn’t fully recovered after a year of health-related restrictions. Millions who lost their jobs have not returned to work. And the spread of the new Omicron variant of the coronavirus poses a continued risk to the economic rebound.

Investors, however, initially liked the report, sending stocks higher at the market open. The less-than-stellar hiring number eased investors concerns about the Federal Reserve’s quicker tightening of monetary policy.

Analysts say the report probably won’t change the Fed’s timeline for paring back its massive bond purchases. But it could give the central bank more room to say it doesn’t have to accelerate the pace of reducing those purchases, especially amid the uncertainty posed by the Omicron variant.

Earlier this week, Fed Chair Jerome Powell said the central bank would consider a faster wind-down to its bond-buying program, which Wall Street saw as opening the door to earlier hikes in interest rates.

Leaders

Harris, Biden & Trump unite for 9/11 ceremony

Published

11 hours ago

September 12, 2024

ticker NEWS

New York City has marked 23 years since the 9/11 terror attacks that claimed nearly 3,000 lives and reshaped the nation.

Families of the victims gather at the 9/11 Memorial, keeping a sacred promise to remember the fallen with six moments of silence.

These moments mark key events from that tragic morning: the strikes on the Twin Towers, the Pentagon, and the crash of Flight 93 in Pennsylvania.

Also a moment of unity on the campaign trail, as President Biden, Trump, and Vice President Kamala Harris came together at the 9/11 ceremony. #featured #trending

News

France at a crossroads: a new Prime Minister takes the stage

Published

16 hours ago

September 12, 2024

ticker NEWS

Exploring the impact of Barnier’s appointment on Macron’s leadership and the nation’s future

Euro Bloch is a comprehensive program designed to highlight the breadth of topics and issues within the EU political landscape. It offers insightful analysis within the evolving framework of relations between the European Union and Australia/Asia-Pacific region.

Hosted by Ticker EU correspondent, Natanael Bloch.

In this episode, Natanael sits down with Ahron Young to discuss how Michel Barnier’s appointment is shaping Macron’s next move. #euro bloch

Leaders

Trump vs. Harris: deciding the winner and loser of the great debate

Published

17 hours ago

September 12, 2024

ticker NEWS

Kamala Harris and Donald Trump squared off in their first and possibly only debate, with both sides taking some big swings.

Harris wasted no time poking fun at Trump’s rallies, even daring viewers to see for themselves.

That dig clearly got under Trump’s skin.

At one point, Trump bizarrely claimed immigrants were eating pets in Ohio – a claim swiftly debunked by the moderators.

Harris hit Trump hard on his election fraud claims, reminding voters that 81 million Americans fired him in 2020.

Things heated up when the two accused each other of using the Justice Department for political attacks – calling each other threats to democracy. #featured #trending #hotshots