U.S. labor market shrugs off recession fears; keeps Fed on tightening path

U.S. labor market shrugs off recession fears; keeps Fed on tightening path

Nonfarm payrolls increase 263,000 in November Unemployment rate steady at 3.7%; participation rate falls Average hourly earnings rise 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – U.S. employers hired more workers than expected in November and increased wages, shrugging off mounting worries of a recession, but that will probably not stop the Federal Reserve … Read more

Inflation worries hurt U.S. consumer confidence; house prices decelerating

Inflation worries hurt U.S. consumer confidence; house prices decelerating

Consumer confidence index falls 5.3 points to 102.5 Labor market differential drops to 32.5 from 38.1 House price gains slow further in August WASHINGTON, Oct 25 (Reuters) – U.S. consumer confidence ebbed in October after two straight monthly increases amid rising concerns about inflation and a possible recession next year, but households remained keen to … Read more

China delays release of key economic data amid party congress

China delays release of key economic data amid party congress

BEIJING, Oct 17 (Reuters) – China delayed the release of economic indicators scheduled for publication this week, including its third-quarter gross domestic product data due on Tuesday, according to an updated calendar on the statistics bureau’s website. The highly unusual delay comes amid the week-long congress of the ruling Communist Party, a twice-a-decade event that … Read more

U.S. job openings drop sharply, labor market starting to loosen

U.S. job openings drop sharply, labor market starting to loosen

Job openings fall 1.1 million to 10.053 mln in August Healthcare, retail trade lead decline in vacancies Quits, layoffs, hiring increase moderately WASHINGTON, Oct 4 (Reuters) – U.S. job openings fell by the most in nearly 2-1/2 years in August, suggesting that the labor market was starting to cool as the economy grapples with higher … Read more

Wall Street closes with sharp gains as final quarter begins

Wall Street closes with sharp gains as final quarter begins

U.S. factory activity slowest in ~2.5 years in Sept -ISM Credit Suisse, Citi cut 2022 year-end target for S&P 500 Dow, S&P 500, Nasdaq up Oct 3 (Reuters) – Wall Street stocks ended with sharp gains on Monday at the start of the final quarter of a tumultuous year with interest rate hikes amid historically … Read more

China’s factory, services surveys suggest economy struggling to rebound

China’s factory, services surveys suggest economy struggling to rebound

China Sept official manufacturing PMI above forecast Private survey shows factory activity contracted sharply Services sector activity growth slowed in Sept – official survey COVID curbs, softening foreign demand, property weakness weigh BEIJING, Sept 30 (Reuters) – China’s factory activity eked out growth in September, but a slowdown in services sector growth and a downbeat … Read more

Europe heading for recession as cost of living crisis deepens

Europe heading for recession as cost of living crisis deepens

Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 5 (Reuters) – The euro zone is almost certainly entering a recession, with surveys on Monday showing a deepening cost of living crisis and a gloomy outlook that is keeping consumers wary of spending. While there was some easing of price pressures, according to … Read more

Wall St falls for 3rd straight session on worries about Fed rate hikes

Wall St falls for 3rd straight session on worries about Fed rate hikes

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Best Buy sales beat estimates as discounts spur demand Jobs openings in July rise sharply Dow down 1.02%, S&P 500 down 1.22%, Nasdaq … Read more

U.S. housing starts near 1-1/2-year low; factory output rebounds

U.S. housing starts near 1-1/2-year low; factory output rebounds

Housing starts drop 9.6%; building permits fall 1.3% Single-family starts tumble 10.1%; permits drop 4.3% Housing construction backlog rises 5.0% Manufacturing production rebounds 0.7% WASHINGTON, Aug 16 (Reuters) – U.S. homebuilding fell to the lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and prices for construction materials, suggesting the … Read more

China’s factory inflation hits 17-month low, consumer prices speed up

China’s factory inflation hits 17-month low, consumer prices speed up

A worker walks past steel rolls at the Chongqing Iron and Steel plant in Changshou, Chongqing, China August 6, 2018. REUTERS/Damir Sagolj/File Photo Register now for FREE unlimited access to Reuters.com Register July producer inflation at lowest since Feb 2021 July consumer inflation at 2-year high PBOC seen staying accommodative to spur growth BEIJING, Aug … Read more