US job growth misses expectations in October as labor market slows
U.S. job growth in October slowed due to strikes, with wages increasing at the slowest rate in over 2 years.
U.S. job growth in October slowed due to strikes, with wages increasing at the slowest rate in over 2 years.
The Federal Reserve decided to pause interest rate hikes for the second time in a row, keeping the federal funds rate within a range of 5.25% to 5.5%.
The interest rate on the most popular U.S. home loan last week jumped to the highest since September 2000.
The average rate on the 30-year fixed mortgage rate reached 8% Wednesday morning, according to Mortgage News Daily. That is the highest mark since the year of 2000.
Relentless selling of U.S. government bonds has brought Treasury yields to their highest level in more than a decade and a half.
In September, the inflation rate in the United States increased to 3.7%, surpassing economists’ forecasts, according to new data from the Bureau of Labor Statistics.
Social Security benefits will be rising by 3.2% in 2024, following the 8.7% rise from the year prior.
According to experts, the year 2024 could see the worst economic collapse since the Great Depression.
The U.S. economy witnessed a hefty increase of 336,000 new jobs last month, marking the strongest job growth since January, according to the latest report by the Bureau of Labor Statistics.
An unrelenting selloff in world government bonds drove U.S. 30-year Treasury yields to 5% for the first time since 2007.