The Latest Breaking News on Jobs Growth Slowed Sharply in October: What the Experts Are Saying

For President Joe Biden, the past few days have raised hopes that the U.S. economy can stick a soft landing—possibly avoiding a recession as the 2024 election nears

Yet another strong jobs report is pushing some economists to say the economy could weather more Fed interest rate hikes.

April broke downward trend in growth of labor market, which has been slowing over the last few months

Month after month, the nation’s job market has stood its ground against howling headwinds — rising interest rates, chronic inflation, major bank failures and economic uncertainties across the world

The number of Americans applying for unemployment benefits rose last week but remains low by historic standards

It looks as if it simply took time for potential workers to match up with jobs and return to the labor force after the pandemic, White House economists argue.

June S&P 500 futures (ESM23) are down -0.21%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.34% this morning as market participants assessed recent labor market data while awaiting the release of U.S. inflation data and the minutes of the Federal Reserve’s latest policy meeting.

President Joe Biden keeps seeing good economic news and bad public approval ratings

The jobs report showed the lowest level of hiring in more than two years.

Based on a solid first quarter, the S&P 500 looks to be on track for a continued rally over the course of 2023. This fits with its long-term technical picture as well.

March saw fewer jobs added to economy compared with February as effects of Fed’s interest rate increases are felt