U.S. jobs report forecast: 170,000 new workers and 3.7% unemployment
The post-pandemic boom in hiring appears to be over, and businesses are adding fewer workers. Will the slowdown in employment continue?
Economic Report
U.S. economy cools off slightly, ISM finds, but businesses still feel ‘positive’
An ISM barometer of business conditions at U.S. service-oriented companies fell slightly in September and indicated some softening in the U.S. economy.
U.S. factory orders rise in August
Orders for U.S. manufactured goods rose 1.2% in August, the Commerce Department said Wednesday, after declining 2.1% the prior month.
ADP says only 89,000 private jobs were created in September. That’s way below forecast.
U.S. private-sector employment rose by a tepid 89,000 in September, payroll processor ADP said, perhaps a sign the labor market is catching a chill.
Mortgage rates march towards 8%, pushing demand to the lowest level in 27 years
U.S. mortgage applications fell 6% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.53%.
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