A majority of Federal Reserve policymakers expressed support in late October for further interest rate cuts, though not all committed to making the reduction at their next meeting in December, according to minutes released Wednesday.At the same time, many officials said “it would likely be appropriate” to keep rates “unchanged for the rest of the year,” a sign of strong divisions among policymakers about the central bank’s next steps.Rate cuts by the Fed, over time, typically lower borrowing costs for mortg ...

Core Insights - The article discusses how geographic location significantly influences the potential for earning a six-figure salary in the U.S. [2][4] - A study by ScoutLogic analyzed nearly 40 metropolitan areas to identify where high-paying jobs are most accessible, considering factors like job market strength, salary growth, and living costs [3][5] Summary by Sections Salary Potential by Location - Certain metropolitan areas, particularly those with strong tech, government, and corporate sectors, offer more opportunities for six-figure salaries [4][6] - The study emphasizes that while location is crucial, the demand for specific skills also plays a significant role in salary potential [6][7] Top Metropolitan Areas for Six-Figure Salaries - The top five metropolitan areas identified for six-figure salary opportunities are: 1. San Jose, CA - 64.7% of jobs pay over $100K, with a median household income of $157,444 and a salary growth rate of 6.5% [8][11] 2. San Francisco, CA - 59.8% of jobs pay over $100K, median income of $133,780, and a growth rate of 2.8% [8][11] 3. Denver, CO - 18.4% of jobs pay over $100K, median income of $102,339, and a growth rate of 5.4% [9][11] 4. Washington, D.C. - 26.4% of jobs pay over $100K, median income of $123,896, and a growth rate of 2.3% [9][11] 5. Portland, OR-WA - 13.2% of jobs pay over $100K, median income of $94,573, and a growth rate of 5.7% [10][11] Comparison of Other Major Metros - Other notable metropolitan areas include Boston and Seattle, which have a higher percentage of six-figure jobs but rank lower due to higher living costs [12][11] - San Diego, Charlotte, and Salt Lake City also feature in the top 10, balancing income potential with moderate living expenses [13][11] Detailed Data on Salary Opportunities - The article provides a detailed table of various metropolitan areas, showing the percentage of jobs paying over $100K, median household income, salary growth rates, estimated monthly costs, and overall six-figure opportunity scores [13][14]

Elizabeth Armitage had been unemployed for more than two months after a layoff, when she was hired for a contract stint as the study abroad coordinator at Bentley University in Waltham, Mass. “I was looking for anything at that point,” she said. A month later, she became a full-time employee. “Once the school year started, they needed some boots on the ground in the position ASAP,” Armitage said. “I call it the longest work interview ever. But it gave me a chance to get to know the team.” For job seeke ...

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of St. Louis President Alberto Musalem said on Thursday ​the U.S. central bank has been right to cut interest ‌rates to help the job market. The cuts have been "appropriate" but "we have to ‌be very careful to continue to lean against above-target inflation, while continuing to provide some insurance" to the employment sector, he said at a gathering of the Fixed Income Analysts Society in New York. "Monetary policy is somewhere between ⁠modest ...

Core Insights - The human resources software company has met earnings expectations for the third quarter [1] Financial Performance - The company reported earnings that align with market expectations, indicating stable financial performance [1]

Group 1 - Gold prices have steadied as traders assess comments from Federal Reserve officials and data indicating a significant weakening in the US jobs market, which raises the possibility of lower interest rates [1][3] - US companies have reported the highest number of job cuts for any October in over 20 years, according to Challenger, Gray & Christmas Inc, contributing to a weaker dollar [2][4] - The current economic conditions are difficult to evaluate due to the longest government shutdown in US history, which has delayed key official data [4] Group 2 - Gold is on track for its best annual performance since 1979, with prices supported by US rate cuts, inflows into bullion-backed ETFs, and increased central bank purchases [5] - Economists at Macquarie Group predict a decline in gold prices over the coming year after a 50% year-to-date rally, citing factors such as rebounding global growth and easing tensions between the US and China [6] - Macquarie suggests that any decline in gold prices will be slower than previous peaks, with prices expected to remain above $2,000 an ounce throughout Donald Trump's presidency, although geopolitical tensions could lead to further rallies [7]

All right, we got some breaking news from Washington Fed Governor Lisa Cook who is speaking in DC. Steve Leeman has those headlines. Steve.>> Uh, thanks Brian. The Olive for Fed policy continues to be somewhat confusing with Fed officials offering different forecasts from each other and even some officials taking both sides of the argument. Lisa Cook speaking in Washington said she supported the decision to cut rates last week.Uh, but says downside risks to employment are greater than upside risk to inflati ...

The US has been in a “low hire, low fire” economy, with employers resisting outright job cuts. That seems to be coming to an end https://t.co/V7EOiosgUv ...

Core Insights - The current job market is experiencing significant layoffs, with major companies like Amazon, Paramount, and UPS announcing substantial job cuts, raising concerns about the overall labor market stability [1][2][3] Company Actions - Amazon has announced a reduction of 14,000 jobs, while Paramount laid off about 1,000 employees, and UPS has also reduced its workforce by more than expected [1][2] - Companies are citing various reasons for these layoffs, including the impact of AI, tariff uncertainties, and the need to correct for overhiring during the pandemic [3][4] Economic Context - The overall labor market is averaging 1.7 million layoffs per month, and despite the recent cuts, the economy is not currently in a recession [2][5] - Historical context shows that during the Great Recession, layoffs exceeded 2 million per month, indicating that current layoffs are not yet at alarming levels [10][11] Industry Perspectives - Economists suggest that the recent wave of layoffs may not be indicative of broader trends, as many companies are still hiring and facing labor shortages in certain sectors like healthcare [12][13] - Layoff announcements are viewed as business decisions specific to individual companies rather than reflective of the entire labor market [13]

Economic Growth & AI Impact - US economic growth is slowing, decreasing from 25% in 2024 to under 2% [1][2] - AI's contribution to economic growth has increased significantly, rising from approximately 10% to 31% [2] - The actual economic growth filtering down to ordinary Americans is projected to drop to 11% in the first half of 2025 [2] Wage Disparity & Income Inequality - Wage growth for the bottom quartile is lagging behind the top quartile, with the bottom seeing approximately 35% annual growth compared to over 55% for the top [3][4] - Rising income inequality is observed, reversing the trend from 2016 where wages for the bottom quartile were increasing faster [3][4] Stock Market & Wealth Distribution - The stock market has experienced extraordinary growth, with increases of 15% or more in five out of the last six years [5] - The top 20% of Americans have increased their consumption by 50% since the beginning of 2020, while other income groups have only increased by about 25%, matching inflation [6][7] - The top 10% of Americans account for 50% of all consumption in the US [7] Job Market Trends - The job market is showing signs of roughness despite overall economic expansion, influenced by tariffs, economic uncertainty, and AI [8][9] - Small businesses are losing jobs, while large companies are responsible for virtually all job creation in the last four months [10] - Job creation is concentrated in leisure, hospitality, education, and health sectors, while other sectors like finance and IT are experiencing job losses [11][12] Unemployment & Economic Sentiment - Long-term unemployment (27 weeks or more) is rising, with over a quarter of the unemployed now considered long-term unemployed, reaching the highest percentage since 2016 [13] - A significant percentage of Americans believe the economy is getting worse, reflecting the struggles of average, everyday Americans [14]