Job creation in October slowed to its weakest pace since late 2020 as the impacts of storms in the Southeast and a significant labor impasse dented the employment picture. Nonfarm payrolls increased by 12,000 for the month, down sharply from September and below the Dow Jones estimate for 100,000,...
Gender? Economy? Experts weigh in on which factor is most likely to flip the presidential race
When the votes are counted in U.S. presidential election, will it be the gender gap, the income gap, the Latino vote or the media and marketing campaigns that turned out to be decisive? CNBC Senior Economics Reporter Steve Liesman sat down with four polling experts for an in-depth look...
Top Wall Street execs are getting skeptical on the Fed’s easing path
RIYADH, Saudi Arabia — Major Wall Street CEOs see ongoing inflation pressures in the U.S. economy and aren't convinced that the Federal Reserve will continue its rate-easing path with a further two reductions this year. The Fed cut its benchmark rate by 50 basis points in September, indicating a turning point in its management...
Here’s where the jobs are for October 2024 – in one chart
Getty Images The jobs report for October came in much weaker than expected, and employment growth across different industries painted a mixed picture for the U.S. economy. The biggest contribution last month came from health care and social assistance, with 51,300 new positions added in that area, per data...