There Are 1.1 Million Fewer Jobs Available In The US—Why This Is Actually Good News For The Economy

There Are 1.1 Million Fewer Jobs Available In The US—Why This Is Actually Good News For The Economy

(Photo by OLIVIER DOULIERY/AFP via Getty Images) AFP via Getty Images Job openings have plummeted by more than 1.1 million, according to the United States Job Openings and Labor Turnover Survey (JOLTS). Ordinarily, this would be a sign of trouble for Americans. However, higher unemployment means everything is going as planned for Federal Reserve Bank … Read more

Big companies keep leaving Chicago. What’s going on?

Big companies keep leaving Chicago.  What’s going on?

new York CNN Business — Tyson Foods is the latest company closing its Chicago offices, joining Boeing, Caterpillar and Citadel among others. The poultry producer said Wednesday that it’s bringing together its corporate employees at its global headquarters in Arkansas, resulting in the closure of three offices, including downtown Chicago, Downers Grove, Illinois, and Dakota … Read more

GDPNow forecast rises to 2.7 percent annualized despite weak economic data

Much unexpected in this corner, the GDPNow forecast for third-quarter GDP rise today. GDPNow data from Atlanta Fed, Chart by Mish I was pretty sure a miserable constriction spending would weigh on today’s GDPNow report, but nope. The forecast rose a bit with half of it on what I consider to be a very questionable … Read more

Stock futures tick up slightly on Wednesday after the two-day market rally ends

Traders work on the floor of the New York Stock Exchange (NYSE) on September 29, 2022 in New York City. Spencer Platt | Getty Images US stock futures were slightly higher Wednesday evening after falling in the regular trading session and breaking a massive two-day rally. Dow Jones Industrial Average futures rose by 37 points, … Read more

The Climate Economy Is About to Explode

Sign up for The Weekly Planet, Robinson Meyer’s newsletter about living through climate change, here. Late last month, analysts at the investment bank Credit Suisse published a research note about America’s new climate law that went almost unnoticed. The Inflation Reduction Act, the bank argued, is even more important than has been recognized so far: … Read more

ADP jobs report September 2022:

The US labor market showed strength in September, with private companies adding more jobs than expected, payroll services firm ADP reported Wednesday. Businesses added 208,000 for the month, better than the 200,000 Dow Jones estimate and ahead of the upwardly revised 185,000 in August. Those gains came even as goods-producing industries reported a loss of … Read more

Is Tesla seeing a slowdown in demand? | Business and Economy News

As recently as July, Tesla Chief Executive Elon Musk said the electric-car maker did not have a problem with customer demand, simply a problem making and shipping all the Model Ys and Model 3s consumers were ready to buy. That may no longer be true. Analysts see early signs of caution for the world’s most … Read more

USWNT, Portland Thorns defender Becky Sauerbrunn: Players ‘failed’ by leadership

US women’s national team defender Becky Sauerbrunn said that anyone still in the NWSL who contributed to its abusive environment needs to be removed, in the wake of the release of the Yates report detailing the abusive culture in women’s professional soccer. “For so long, this has always fallen on the player to demand change, … Read more

The job market is cooling but workers still have power, say economists.

Hinterhaus Productions | Getty Images There are signs the hot job market is cooling — but workers still have bargaining power for now, according to labor economists. Job openings, a barometer of employers’ demand for workers, saw a near-record monthly decline in August. Openings fell by 1.1 million to 10.1 million, according to US Department … Read more