Seattle’s labor market continued its slow climb in June, adding 18,000 nonfarm jobs compared to May, and 21,400 compared to a year ago, according to the most recent data release from the Bureau of Labor Statistics.
American manufacturers’ mood improved for the most part in July, according to a slew of regional Federal Reserve survey releases, marking a reversal from several months of suppressed activity.
A buoyant stock market and a temporary pause in tariff tension helped temper American consumers' pessimism last month, according to a handful of data releases.
Headline metrics continue to show the American job market on stable footing. However, a more detailed look at the data reveals misleading seasonal signals, sectoral shifts and changes in labor force participation that mask signs of a clear slowdown in labor demand and labor supply.
The Federal Reserve’s policymaking committee met last week and decided to keep its target policy interest rate unchanged for its fourth-consecutive meeting.
Last week’s news that inflation rose less than anticipated cheered market participants who had expected consumer and producer price hikes in reaction to the recent imposition of tariffs on most imports into the United States. However, tariffs are not the only policy proposed or advanced by the administration that risks re-igniting inflation.
The leisure and hospitality sector across Texas's major metropolitan areas has shown markedly different trajectories over the past year, with employment trends reflecting distinct regional economic conditions and market pressures.
May’s monthly employment report from the Bureau of Labor Statistics confirmed that the American job market is softer than it appears. But it’s likely not soft enough to move the Federal Reserve to cut interest rates in the near term as the specter of latent inflation looms while uncertain trade policy ripples through the supply chain.
Commercial property prices took a step back in April, when some deals were halted as investors assessed the long-term economic fallout from worldwide tariffs imposed by the Trump administration.
LinkedIn has laid off nearly 300 members of its San Francisco Bay Area-based staff as part of a broader wave of job cuts by its parent company, Microsoft.
The American job market surpassed expectations in April, sending stocks soaring while pushing economists’ expectations for Federal Reserve interest rate cuts later into the year.
Forecasting the economy's path has become increasingly challenging as the new administration’s policy announcements fluctuate. Economists have been digesting the news as it unfolds, adjusting their forecasts amid policy whiplash and uncertainty.
As uncertainty about tariffs and trade policy continues to percolate, many are watching the current health and prospects of America’s manufacturing industry.