Press Association
In full: TUC general secretary holds a press conference
The TUC is reporting the Government to the United Nations workers’ rights watchdog over the controversial new law on strikes, it has been announced. General secretary Paul Nowak said the union body will be lodging the case at the...
Bloomberg
Fed's Williams: Inflation Moving in the Right Direction
Federal Reserve Bank of New York President John Williams says inflation is moving in the right direction and monetary policy is in a very good place. He speaks with Bloomberg's Michael McKee at the Bloomberg Market Forum.
Bloomberg
Jobless Claims Fall to Lowest Level Since February
US initial jobless claims decreased by 13,000 to 216,000 in the week ended Sept. 2, Labor Department data showed Thursday. The figure was lower than all forecasts in a Bloomberg survey of economists. Mike McKee reports on "Bloomberg...
Bloomberg
US Manufacturing Is in a Trough, ISM's Fiore Says
Timothy Fiore, chair of the ISM Manufacturing Business Survey Committee, discusses the key takeaways from the ISM's August factory gauge. Speaking with Alix Steel and Dani Burger on "Bloomberg Markets," Fiore also comments on the...
Bloomberg
Jobs Report Takes Pressure Off of Fed, Kroszner Says
Former Federal Reserve Governor Randall Kroszner expects the Fed to hold on rates for the rest of the year in the wake of the August US employment report. He speaks with Tom Keene on "Bloomberg Surveillance."
Follow Bloomberg for...
Bloomberg
US Hiring Picks Up in August While Wage Growth Slows
US nonfarm payrolls rose 187,000 after the prior two months were revised significantly lower, a Bureau of Labor Statistics report showed. Mike McKee reports on "Bloomberg Surveillance."
Follow Bloomberg for business news & analysis,...
Bloomberg
Unemployment Ticking Up for Right Reasons: BlackRock's Rieder
Rick Rieder, CIO of global fixed income at BlackRock, says the US August Jobs report can been seen as a "benchmark" for seeing slack build in the labor force. He speaks with Alix Steel on "Bloomberg The Open."
Bloomberg
Key US Inflation Measures Rise as Jobless Claims Decline
BREAKING: The core PCE price index rose 0.2% in July. US jobless claims fall to 228,000 in the week ended Aug. 26. Mike McKee reports on "Bloomberg Surveillance."
Follow Bloomberg for business news & analysis, up-to-the-minute market...
Bloomberg
Job Openings Decline as Consumer Confidence Also Falls
US job openings fell in July by more than expected to a more than two-year low. US consumer confidence also fell by more than forecast in August. Mike McKee reports on "Bloomberg Markets."
Follow Bloomberg for business news & analysis,...
Bloomberg
Unemployment to Be Around 4% Next Year: ADP's Richardson
ADP Chief Economist Nela Richardson says US payrolls are "solid but fragmented" during an interview on the sidelines of the Federal Reserve Bank of Kansas City's annual economic policy symposium in Jackson Hole, Wyoming.
Follow...
Bloomberg
Jobless Claims Fall to Lowest Level in Three Weeks
Initial jobless claims decreased by 10,000 to 230,000 in the week ended Aug. 19, according to Labor Department data out Thursday. The median estimate in a Bloomberg survey of economists called for 240,000 applications. Mike McKee breaks...
Bloomberg
US Payrolls Likely 306,000 Lower Than Expected
The number of workers on payrolls will likely be revised down by 306,000 for March of this year, according to the Bureau of Labor Statistics' preliminary benchmark revision. The downward adjustment was smaller than some...
Bloomberg
What S&P's PMI Report Signals for the ECB and Fed
S&P Global Market Intelligence Chief Business Economist Chris Williamson discusses the key takeaways from the S&P's August PMI report with Guy Johnson and Alix Steel on "Bloomberg Markets."
Follow Bloomberg for business news & analysis,...
Bloomberg
Pension Funds Pour Billions Into Alternative Assets
As the hunt for yield continues in a rough investing environment, US pension funds are investing more in alternative assets including private equity, hedge funds and real estate. David Rubenstein explains for "Bloomberg Wealth with David...
Bloomberg
Goldman Sachs Plans Hiring Spree Amid Fed Scrutiny
Goldman Sachs is enlisting several hundred new staffers to help address concerns from authorities including the Federal Reserve, according to people with knowledge of the matter, who asked not to be named discussing confidential plans....
Bloomberg
Banks Slash China Growth Forecasts as Data Disappoint
More banks across the globe including JPMorgan Chase & Co. and Japan's Mizuho Financial Group Inc. are joining the chorus in slashing their growth forecasts for China amid a slew of disappointing economic data. Meanwhile, China has...
Bloomberg
Bernstein's Suzuki on Retail Sales, China Growth
Richard Bernstein Advisors Deputy CIO Dan Suzuki reacts to the US retail sales report, liquidity in markets, and what's been driving the recent rally. He speaks on "Bloomberg Markets: The Close."
Bloomberg
Harker Says Fed Is Making Progress in Inflation Fight
"We are at a watershed moment in our economy," Federal Reserve Bank of Philadelphia President Patrick Harker says during remarks at a virtual seminar on shifting perspectives and expectations on employment.
Follow Bloomberg for business...
Bloomberg
Bostic: Fed Working Hard to Ease 'Too-High' Inflation
"If we meet our mandates well everyone will have an opportunity for gainful employment in work that is consistent with their full potential," Federal Reserve Bank of Atlanta President Raphael Bostic says during introductory remarks at a...
Bloomberg
Core CPI Rises Modestly for a Second Month, Claims Rise
The core CPI rose 0.2% for a second month, marking the smallest back-to-back gains in more than two years, while weekly jobless claims rose more than estimated. Mike McKee reports on "Bloomberg Surveillance."
Follow Bloomberg for...
Bloomberg
US Employment Rises at a More Moderate Pace in July
US nonfarm payrolls increased 187,000 last month following a similar increase in June. The unemployment rate dropped to 3.5% and wage growth rose at a firm pace. Mike McKee reports on "Bloomberg Surveillance."
Follow Bloomberg for...
Bloomberg
July Jobs Report Shows US Is Beyond Covid, Kroszner Says
Former Federal Reserve Governor Randall Kroszner discusses what the July US employment report means for Fed policy with Tom Keene and Lisa Abramwoicz on "Bloomberg Surveillance."
Follow Bloomberg for business news & analysis,...
Bloomberg
Fed's Bostic 'Comfortable' With July Employment Data
Federal Reserve Bank of Atlanta President Raphael Bostic says US employment gains are slowing in an orderly manner and there is no need to hike rates further to ease inflation. He speaks with David Westin on "Wall Street Week."
Follow...
Bloomberg
Jobs Data Best Case Scenario for Fed: iCapital's Amoroso
Anastasia Amoroso, iCapital's chief investment strategist, says the Federal Reserve may have to pause rate hikes after the July US employment report. Speaking with Jonathan Ferro on "Bloomberg The Open," Amoroso says she likes that the...