All the major indices tracking to close the week higher. The S&P and NASDAQ pacing for their third positive week in four and the Dow on course for its second positive week in three. Let's bring in Schwab Asset Management CEO and CIO Omar Agalar.Uh Omar, thanks for being here to round out the week. Uh there's been a lot of macro news over the past two weeks. Uh how do you kind of assess the market's reaction to all of it. Do you think it's it's moving in an appropriate function.Well, the market seems to be u ...

What do you think about Friday was a whole mess of crazy news, starting with the jobs number, but then firing the BLS chief And yeah, how bad is the labor situation. So we felt and I've been saying for some time that hiring is down to stall speed. That's been true, I think, for the last few months.The reason the unemployment rate is so low is not that businesses are are firing. They're not, but they're not hiring either. And so and we're losing labor supply because of the immigration policies.So I agree wit ...

- [Narrator] These are the number of jobs that were added to the US economy in the last year, which the Bureau of Labor Statistics releases every month in the jobs report. Or really, these are the initial number of jobs added to the economy. Each report also revises the number of the last three months.These are the latest revisions. Last September was only off by 1,000. Last July was more typical, about 30,000.But the latest revision, May and June were way off. President Trump was not happy, and he fired th ...

I think about this and I think back to my own kind of uh job search back in my 20s and you know I would put my resume on monster jobs and literally not get any replies back from anybody. How is what you're seeing out there with recent college grads different than what we experienced in our initial job searches. >> Yeah.Well, I asked economists about this. I said, you know, isn't it always hard to get a job out of school. You send out a hundred resumes and you get one response.And they said yes. You know, ty ...

It’s hard to know why the unemployment rate for young American men is rising, says @allisonschrager, but it's a disturbing trend (via @opinion) https://t.co/YRgyCnCYi4 ...

Summary of Conference Board Consumer Confidence Index and Labor Market Insights Industry Overview - The report focuses on the U.S. economy, specifically consumer confidence and labor market conditions as indicated by the Conference Board Consumer Confidence Index [1][4]. Key Points 1. **Consumer Confidence Index**: The Conference Board Consumer Confidence Index rose to 97.2 in July from an upwardly revised 95.2, driven by an increase in the expectations sub-index, which went up to 74.4 from 69.9 [3][4]. 2. **Consumer Sentiment Improvement**: Consumer sentiment has shown improvement from recent lows, with inflation expectations decreasing, which has positively influenced business and income expectations for the next six months [4][5]. 3. **Cautious Consumer Behavior**: Despite the improvement, confidence indices remain below the levels at the beginning of the year and pre-pandemic levels, suggesting that consumers may continue to be cautious in their spending decisions [4][5]. 4. **Labor Market Differential**: The labor market differential, which measures the difference between respondents saying jobs are hard to get versus those saying jobs are plentiful, has been on a downward trend, indicating a loosening labor market. A larger share of respondents reported that jobs are hard to get in July, supporting forecasts for an increase in the unemployment rate [5][6]. 5. **Spending Growth**: Hard spending data indicates that consumer spending growth is slowing compared to last year, and this trend may continue [4][5]. Additional Insights - **Inflation Expectations**: The decline in inflation expectations has been a significant factor in improving business and income outlooks, although the overall consumer confidence remains cautious [4][5]. - **Unemployment Rate Forecast**: The report supports a forecast for an increasing unemployment rate due to the rising number of respondents indicating difficulty in finding jobs [5][6]. This summary encapsulates the essential findings and insights from the Conference Board report, highlighting the current state of consumer confidence and labor market conditions in the U.S. economy.

August 1, 2025 04:37 PM GMT US Economics Weekly | North America It's the unemployment rate The Fed said slower employment growth need not signal weakness so long as labor supply slows by a similar amount, keeping the unemployment rate low. Powell said the unemployment rate is a better gauge of maximum employment than payrolls or growth in economic activity. M Idea Morgan Stanley & Co. LLC Michael T Gapen Chief US Economist Michael.Gapen@morganstanley.com +1 212 761-0571 Sam D Coffin Economist Sam.Coffin@mor ...

1 August 2025 | 11:19AM EDT USA: Payroll Growth Below Expectations and Revised Sharply Lower in Prior Months; Unemployment Rate Rises BOTTOM LINE: Nonfarm payrolls rose 73k in July, below expectations. Payroll growth was revised down by 133k to 14k in June and by 125k to 19k in May, or 258k cumulatively across the two months. The cumulative revision was roughly evenly split between the public and private sectors, with state and local government education accounting for most of the revision to public payroll ...

NBC News senior policy reporter Shannon Petty Piece has been talking to some of them, looking into this. Shannon, I'm hearing it in my real life from college grads all the time. What did these young people tell you about their job searches.Yeah, I mean NBC News, we heard from more than a hundred recent graduates. And among them, a really dire picture emerged. You noted some of those examples.Uh, one woman we talked to had applied to a thousand jobs and had only gotten two interviews. uh those who were worki ...

The July non-farm payrolls report suggests the labor market may be weakening significantly. Employers added only 73,000 jobs, far below the 115,000 expected. More alarming are the massive downward revisions that eliminated 258,000 jobs from prior months.The unemployment rate edged up to 4.2% 2% while labor force participation fell to 62.2% its lowest since 2022. Long-term employment shot up by 179,000 bringing the total to 1.8% million and the number of new people entering the labor force but unable to find ...