Labor market reports released after the government shutdown present a mixed picture for the Federal Reserve's interest rate decision on December 10. On a positive note, the Bureau of Labor Statistics reported 119,000 new jobs were added in September on a seasonally adjusted basis, more than double what many economists expected, but there was a downward revision of 33,000 jobs combined for July and August. The unemployment rate was 4.4% in September. It remained low by historical standards, bu...
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Labor market reports released after the government shutdown present a mixed picture for the Federal Reserve's interest rate decision on December 10. On a positive note, the Bureau of Labor Statistics reported 119,000 new jobs were added in September on a seasonally adjusted basis, more than double what many economists expected, but there was a downward revision of 33,000 jobs combined for July and August. The unemployment rate was 4.4% in September. It remained low by historical standards, bu...
This week’s top stories presented a stark contrast: record highs on Wall Street alongside high-profile layoff announcements. Meanwhile, the Fed is set to decide on interest rates without all the normal data at its disposal due to the ongoing government shutdown. Hiring totals have been weak for U.S. companies, but terminations have largely been slow as well. This week, UPS said it cut 48,000 jobs in management and operations positions. While it had already signaled the move earlier in the yea...
The Radix Review: Multifamily Trends Explained
Labor market reports released after the government shutdown present a mixed picture for the Federal Reserve's interest rate decision on December 10. On a positive note, the Bureau of Labor Statistics reported 119,000 new jobs were added in September on a seasonally adjusted basis, more than double what many economists expected, but there was a downward revision of 33,000 jobs combined for July and August. The unemployment rate was 4.4% in September. It remained low by historical standards, bu...
