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

Published

2 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.

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Why Australia is becoming the new home of the Hollywood blockbuster

Published

2 days ago

May 17, 2024

Nathan Langridge

Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

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Portal between countries shut down after international flashing

Published

2 days ago

May 17, 2024

Nathan Langridge

An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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U.S. home prices surge 47%

Published

2 days ago

May 17, 2024

ticker NEWS

American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending