US Stocks Drop After a Better-Than-Anticipated Jobs Report Suggests Inflation Isn’t Yet Tamed
The jobs report makes a slowdown in rate hikes less likely, as wage growth, coupled with a still-tight labor market, means inflation may persist.
Bureau of Labor Statistics
October Unemployment Rose to Its Highest Level in Eight Months as More Companies Laid Off Workers
While the U.S. added more jobs than expected last month, hiring declined in sectors like warehousing and real estate.
The Great Resignation Is Far From Over, as Unemployed Americans Who Quit Their Jobs Reaches 30 Year High
The share of unemployed Americans who quit or voluntarily left their jobs rose to nearly 16 percent in September, a level not seen since 1990.
