US stock futures (^DJI, ^IXIC, ^GSPC) are reacting to the August jobs report, which saw 142,000 nonfarm payroll jobs added to the labor market, below economist expectations of 165,000. The unemployment rate was in line with US Bureau of Labor Statistics estimates, falling to 4.2% from 4.3% in July.
The Federal Reserve is digesting August’s labor print as officials enter their “blackout period” ahead of the central bank’s September meeting in two weeks.
Shares of chipmaker Broadcom (AVGO) tumble further as the stock trades in negative territory in extended hours over its disappointing revenue guidance for the fiscal fourth quarter.
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This post was written by Luke Carberry Mogan.
Minnesota added 14,400 jobs in August, the largest monthly gain since July 2022, the Minnesota Department of Employment and Economic Development said Thursday.
Warner Music Group said Thursday it would lay off about 750 employees, or 13% of its workforce, as part of a revised strategic restructuring plan t
Listen to this article Minnesota saw its largest monthly employment increase in more than two years last month as state employers added 14,400 jobs, the Minn
Despite Florida seeing a spike in resignations from June to July, the state has seen a larger drop in workers quitting from the first half of 2023 to 2024.In Ju