Latest news with #Bureau of Labor Statistics
Yahoo
an hour ago
- Business
- Yahoo
US private payrolls increase in July
WASHINGTON (Reuters) -U.S. private payrolls increased more than expected July, the ADP National Employment Report showed on Wednesday, though the labor market continues to slow. Private payrolls rose by 104,000 jobs last month after a revised 23,000 decline in June. Economists polled by Reuters had forecast private employment increasing 75,000 following a previously reported drop of 33,000 in June. The ADP report, jointly developed with the Stanford Digital Economy Lab, was published ahead of the more comprehensive employment report for July due to be released on Friday by the Labor Department's Bureau of Labor Statistics. There is no correlation between the ADP and BLS employment reports. The labor market has lost steam amid an unsettled economic outlook stemming from import tariffs. A survey from the Conference Board on Tuesday showed the share of consumers viewing jobs as "hard" to get jumped to the highest level in nearly 4-1/2 years in July. That is consistent with the high number of people collecting unemployment checks. A Reuters survey of economists expects the BLS' employment report to show nonfarm payrolls increased by 110,000 jobs in July after rising by 147,000 in June. The unemployment rate is forecast to increase to 4.2% from 4.1% in June. Economists expect the Federal Reserve will keep its benchmark interest rate in the 4.25%-4.50% range after the end of a two-day policy meeting later on Wednesday, resisting pressure from President Donald Trump to lower borrowing costs. The Fed cut rates three times in 2024, with the last move coming in December. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Business
- Yahoo
US private employers add 104,000 jobs in big July rebound
Private employers added more jobs than expected in July, rebounding after declining for the first time in more than two years during May. On Wednesday, data from ADP showed private payrolls grew by 104,000 in July, above the 75,000 expected by economists and well above above the 23,000 job cuts seen in June. Wednesday's data showed June's job cuts were revised lower to 23,000 from an initially reported 33,000. Meanwhile, ADP's Pay Insights data showed wages for job changes increased 7% over the prior year in July, unchanged from the prior month. Pay growth for workers that stayed at the same job increased 4.4% in July, down from 4.5% in June. The release comes just hours before the Federal Reserve will release its next monetary policy statement. The Federal Reserve is widely expected to hold interest rates steady. But at least one Federal Open Market Committee (FOMC) member has made the case to cut interest rates. In a July 17 speech, Fed Governor Christopher Waller said he believes the Fed should be cutting interest rates at its July meeting as "private-sector payroll growth is near stall speed, and other data suggest that the downside risks to the labor market have increased." Other recent labor market data has shown some signs of slowing, too. On Tuesday, new data from the Bureau of Labor Statistics showed 7.44 million jobs open at the end of June, a decrease from the 7.71 million seen the month prior. Meanwhile, the hiring rate ticked lower to 3.3% from the 3.4% seen the month prior, sitting at its lowest level since November 2024. These releases serve as an appetizer ahead of the week's main economic event. On Friday, the July jobs report is expected to show 101,000 nonfarm payroll jobs were added to the US economy, with the unemployment rate inching higher to 4.2%, according to data from Bloomberg. In June, the US economy added 144,000 jobs, while the unemployment rate unexpectedly fell to 4.1%. Josh Schafer is a reporter for Yahoo Finance. Follow him on X @_joshschafer. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
an hour ago
- Business
- Reuters
US private payrolls increase in July
WASHINGTON, July 30 (Reuters) - U.S. private payrolls increased more than expected July, the ADP National Employment Report showed on Wednesday, though the labor market continues to slow. Private payrolls rose by 104,000 jobs last month after a revised 23,000 decline in June. Economists polled by Reuters had forecast private employment increasing 75,000 following a previously reported drop of 33,000 in June. The ADP report, jointly developed with the Stanford Digital Economy Lab, was published ahead of the more comprehensive employment report for July due to be released on Friday by the Labor Department's Bureau of Labor Statistics. There is no correlation between the ADP and BLS employment reports. The labor market has lost steam amid an unsettled economic outlook stemming from import tariffs. A survey from the Conference Board on Tuesday showed the share of consumers viewing jobs as "hard" to get jumped to the highest level in nearly 4-1/2 years in July. That is consistent with the high number of people collecting unemployment checks. A Reuters survey of economists expects the BLS' employment report to show nonfarm payrolls increased by 110,000 jobs in July after rising by 147,000 in June. The unemployment rate is forecast to increase to 4.2% from 4.1% in June. Economists expect the Federal Reserve will keep its benchmark interest rate in the 4.25%-4.50% range after the end of a two-day policy meeting later on Wednesday, resisting pressure from President Donald Trump to lower borrowing costs. The Fed cut rates three times in 2024, with the last move coming in December.
Yahoo
17-07-2025
- Business
- Yahoo
Ride the Volatility Wave With These ETFs
Persistent economic uncertainty and a volatile global trade landscape have elevated investors' anxiety, pushing them toward safe-haven assets. Over the past week, the S&P 500 has faced increased volatility, with the broad market index falling 0.29% and then rebounding 0.37% (as of July 16). The CBOE Volatility Index increased over the past week, indicating rising market turmoil. Any blow to investor sentiment or risk appetite can add to the headwinds that the S&P 500 already faces in the near term. Key Drivers of Market Turbulence Economists' concerns about renewed inflationary pressures triggered by President Trump's tariffs have proven accurate. According to recent data by the Bureau of Labor Statistics, as quoted on CNBC, the Consumer Price Index rose 0.3% in June, lifting the annual inflation rate to 2.7%. According to Reuters, top Wall Street bank executives have expressed concern over rising inflation and the potential weakening of the U.S. economy as new tariffs take effect, anticipating a slowdown in consumer spending in the second half of the year if price pressures continue to escalate. Concerns over U.S. debt levels are weighing on investor confidence, increasing risk aversion and market anxiety. The passage of President Trump's tax-cut and spending bill has renewed concerns over the United States' mounting long-term debt risks. Lawmakers raised the U.S. government's borrowing limit by an additional $5 trillion, potentially adding at least $3 trillion to the already staggering $37-trillion U.S. debt load. The geopolitical landscape in 2025 can best be described as complex and unstable, with ongoing tensions, particularly in the Middle East, adding another layer of volatility to global markets. President Trump's comments about Fed Chair Jerome Powell, hinting at a possible leadership change, have added pressure to the markets. If Trump were to move forward with firing Powell, it would likely trigger a sharp negative reaction, sparking an equity selloff and deepening investor uncertainty. However, Trump downplayed the possibility of a leadership change, calling it unlikely, though the uncertainty continues to linger over the markets, according to Reuters. ETFs to Explore In periods of rising uncertainty, increasing exposure to volatility ETFs in the short term can be a winning move for investors. These funds have delivered short-term gains during periods of market chaos and may climb further if volatility endures. In the current economic environment, volatility-focused funds and strategies are ideal to reassess volatility exposure and for investors with a short-term horizon. With the potential for heightened volatility, driven by geopolitical and policy risks, adding these ETFs may be a smart strategic move (See: all Volatility ETFs here). iPath Series B S&P 500 VIX Short-Term Futures ETN VXX iPath Series B S&P 500 VIX Short-Term Futures ETN seeks to track the performance of the S&P 500 VIX Short-Term Futures Index Total Return and has amassed an asset base of $439.4 million. The index offers exposure to a daily rolling long position in the first and second month VIX futures contracts. VXX charges an annual fee of 0.89% and has a one-month average trading volume of 4.65 million shares. iPath Series B S&P 500 VIX Short-Term Futures ETN has gained 17.87% over the past three months and 16.56% over the past year. ProShares VIX Short-Term Futures ETF VIXY ProShares VIX Short-Term Futures ETF seeks to track the performance of the S&P 500 VIX Short-Term Futures Index and has amassed an asset base of $218.6 million. The index measures the movements of a combination of VIX futures and is designed to track changes in the expectation for one month in the future. The fund is ideal for investors looking to gain from an increase in expected volatility of the S&P 500. VIXY has a one-month average trading volume of 1.25 million shares. ProShares VIX Short-Term Futures ETF has gained 17.48% over the past three months and 14.66% over the past year. The fund charges an annual fee of 0.85%. ProShares VIX Mid-Term Futures ETFVIXM ProShares VIX Mid-Term Futures ETF seeks to track the performance of the S&P 500 VIX Mid-Term Futures Index and has amassed an asset base of $24.1 million. The index measures the movements of a combination of VIX futures and is designed to track changes in the expectation for VIX five months in the future. The fund is ideal for investors looking to gain from an increase in expected volatility of the S&P 500. VIXM has a one-month average trading volume of about 151,000 shares. ProShares VIX Mid-Term Futures ETF has gained 12.64% over the past three months and 22.03% over the past year. The fund charges an annual fee of 0.85%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX): ETF Research Reports ProShares VIX Short-Term Futures ETF (VIXY): ETF Research Reports ProShares VIX Mid-Term Futures ETF (VIXM): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
Yahoo
16-07-2025
- Business
- Yahoo
Wholesale Inflation Flattens in June as Companies Cope With Tariffs
Wholesale prices were unchanged in June, surprising economists who were expecting to see a modest increase. The Producer Price Index also showed wholesale inflation slowed annually. Economists said that the data showed that companies and industries reacted to higher tariffs in different inflation showed a surprising slowdown in June. Wholesale prices in June didn't rise from May's levels, according to the Producer Price Index released by the Bureau of Labor Statistics Wednesday. The flat PPI reading was the result of dropping services prices, which fell slightly in June from the month prior, offsetting a 0.3% increase in the price of goods. Wholesale price growth slowed on a yearly basis, growing 2.3% higher than the same time last year. That's lower than the 2.7% recorded in May. Economists are on the lookout for signs that President Donald Trump's tariffs are pushing up prices as expected. Economists surveyed by The Wall Street Journal and Dow Jones Newswire expected a 0.2% monthly PPI increase. While the headline numbers were tame, some details of the report suggest tariffs are putting pressure on producers, economists said. "Overall, the combination of rising input costs and weakening demand for certain services paints a complex picture, consistent with the idea that aggressive trade policies are beginning to drive up costs while simultaneously dampening demand," wrote Moody's Analytics Economist Matt Colyar. While the data showed that the overall impact of tariffs on inflation has so far been mild, Nationwide Financial Markets Economist Oren Klachkin said the report showed that companies and industries were taking different approaches in handling the import taxes. 'With many strategies at companies' disposal, the pass-through may be lower than initially anticipated,' Klachkin wrote. 'Some industries command pricing power while others look to be absorbing the levies.' Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
