U.S. hiring experienced a notable surge last month, providing further evidence of the strength of the American economy and contributing to the recent bond-market upheaval. In September, employers added a staggering 336,000 jobs, marking the most substantial gain since January and a significant increase from the upwardly revised 227,000 gain in the previous month, according to … [Read more...] about Resilient U.S. Job Market Fuels Bond-Market Rout
Job growth
Signs of Weakening U.S. Job Market
Recent data indicates a decrease in hiring activity across industries, suggesting a weaker U.S. job market. In July, the country witnessed the addition of a respectable 187,000 new jobs; however, nearly half of these were concentrated in just a few sectors. The diffusion index - a measure in the monthly jobs report that compares the percentage of industries hiring to those … [Read more...] about Signs of Weakening U.S. Job Market
Economic Update
Regions Financial July 7 Total nonfarm employment rose by 209,000 jobs in June, a bit closer to our forecast (214,000) than to the consensus forecast (230,000), with private-sector payrolls up by 149,000 jobs and public-sector payrolls up by 60,000 jobs. Prior estimates of job growth in April and May were revised down by a net 110,000 jobs for the two-month period... Slowing … [Read more...] about Economic Update
Biden Celebrates New Solar-Power Factory Opening in South Carolina
President Biden recently marked the opening of a state-of-the-art factory in South Carolina, specializing in the production of solar-power equipment for Enphase Energy. This significant development is set to generate employment opportunities, with over 600 jobs anticipated to be added to the workforce. Under the Inflation Reduction Act, which was enacted in August, more than … [Read more...] about Biden Celebrates New Solar-Power Factory Opening in South Carolina
