Economists expect the U.S. jobs report for October to show that employers added 200,000 jobs last month, down from an average of 372,000 in the previous three months.
and other consumer and business loans increasingly costly and heightened the risk of a recession.
The policymakers want to see signs that job growth and wages are easing, he said, “but I don't see the case for real softening just yet.” after having contracted in the first six months of the year. But much of last quarter's growth was due to a spike in U.S. exports. By contrast, consumers — the primary driver of the economy — only modestly increased their spending beyond the rate of inflation.
Many technology companies are also experiencing slowdowns in their businesses. Ride-hailing provider Lyft and fintech firm Stripe have said they are cutting jobs. And on Thursday, Amazon said it would pause hiring in its corporate offices.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cowboys LB Micah Parsons tops NFL jersey sales for month of OctoberMicah Parsons has quickly risen through the ranks to become one of the NFL’s most popular players, helping the Dallas Cowboys to a 6-2 record at their bye...
Read more »
US: ADP Employment Change rises 239K in October vs. 193K expectedThe data published by Automatic Data Processing (ADP) showed on Wednesday that private sector employment in the US rose by 239,000 in October. This re
Read more »
The Best AI Articles of October 2022 | HackerNoonSupport vector machines, decision trees, and AI-generated content are some of the topics in the best AI articles of October. - by Whats_AI ai artificialintelligence
Read more »
Central banks ease off on rate hike push in OctoberThe pace and scale of rate hikes delivered by central banks around the globe in October slowed down dramatically following September's historic peak.
Read more »
XPeng Electric Car Sales Cut In Half In October 2022The decrease in XPeng electric car sales deepened in October to the lowest level in about 19 months.
Read more »