Revised economic data shows U.S. jobs growth less strong than estimated

Revised economic data shows U.S. jobs growth less strong than estimated

The US labor department has revised job growth numbers, finding in the year up until March, payrolls were overstated by around 818,000 jobs. That suggests job growth has been less positive than previously thought, although unemployment remains relatively low. As Caroline Malone reports.

August 22, 2024 22

World

US employment will be in the spotlight this week

US employment will be in the spotlight this week, with several key jobs reports due out. Analysts are digesting news from last week that the Federal Reserve's favoured measure of inflation fell again in October. Sally Patterson reports from New York.

December 4, 2023 31

World

U.S stocks hedged higher on Friday following comments from Federal Reserve Chair Jerome Powell

U.S stocks hedged higher on Friday following comments from Federal Reserve Chair Jerome Powell indicating the bank could be making some progress in lowering inflation.But he warned it's too early to tell if the bank is done raising interest rates. Meanwhile, it wasn't a good Friday for social media platform X, formerly Twitter, as another major retailer pulled its advertising. Jody Jacobs reports from New York. The Dow was […]

December 4, 2023 20