Economists project that the unemployment rate held steady at 3.6%—a nearly 50-year low. Follow our coverage of the May jobs report.
What to Watch #4: Where Are the Workers?Anticipation of a Rate Cut Rises Ahead of Jobs ReportAfter Federal Reserve Chairman Jerome Powell hinted earlier this week the Fed is open to cutting interest rates to keep the economy going, the Dow Jones Industrial Average has risen roughly 901 points on hopes of a new round of central-bank stimulus.
That’s putting all eyes on the May jobs report. Initial employment data this week suggested the U.S. labor market is slowing down. While a weakening employment outlook would weigh on the economy, the Dow rallied 207 points after ADP released its employment data thanks to Mr. Powell’s comment Tuesday that the central bank would “act as appropriate to sustain the expansion.”
Near-zero interest rates have been a major pillar of support for the more-than-decade-old bull market. Stock valuations are often calculated relative to bond yields, and lower rates help stoke earnings growth—a key factor behind stock prices.
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U.S. needs a good jobs report and Wall Street forecasts one: 180,000 new jobs, 3.6% unemploymentThe labor market has been a bedrock for the economy during destabilizing trade fights with China and other countries, but it needs to stay strong to help the U.S. stave off the first recession in a decade. The economy likely added 185,000 new jobs in May, keeping the U.S. unemployment rate at nearly 50-year low of 3.6%.
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Donald Trump-Angela Merkel photo illustrates everything you need to know about their relationshipIt's not great.
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Five Things to Watch in the May Jobs ReportThe economy is churning out jobs and wages are rising. But employers face headwinds, such as trade tensions and slowing global growth, that could slow hiring.
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Everything We Know About ‘Pokémon Sword And Shield’As the eighth generation of one of the most beloved RPGs out there, the new Pokémon games have been rabidly anticipated by fans. Although details have been scarce, we’ve scoured the web and grilled our exclusive sources to get as many details as we can about the upcoming Switch releases. So, without further ado, let’s dig into everything we know about Pokémon Sword and Shield.
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Everything We Know About ‘Call Of Duty: Modern Warfare’With a hot new trailer teasing a fresh take on the series, Call of Duty: Modern Warfare has suddenly jumped up on every shooter fan’s must-have list. Here’s what we know so far about the reimagining of the iconic franchise.
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Who is Tacitus? Everything you need to know about Belmont favoriteThe three-year-old Colt is 9/5 favorite to triumph at the Belmont Stakes after finishing third in the Kentucky Derby.
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