WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits fell to an 11-month low last week, pointing to a stable labor market, though a slowdown in hiring has led some laid-off workers to experience long bouts of joblessness. Signs of a steadily cooling labor market could allow the Federal Reserve to keep interest rates unchanged in January...

WASHINGTON (Reuters) - U.S. wholesale inventories fell 0.2% in November, as initially estimated last month, amid sharp declines in stocks of long-lasting manufactured goods like motor vehicles and computer equipment. Stocks at wholesalers were unchanged in October, the Commerce Department's Census Bureau said on Wednesday. Economists polled by Reuters had expected the drop in inventories, a key part of gross...

Friday’s official jobs report is expected to shed light on the cooling U.S. labor market in December 2024, as economists project slower hiring that could ease pressure on the Federal Reserve amid renewed inflation concerns and policy uncertainty under Donald Trump‘s incoming administration. In a preview shared Wednesday, ADP's National Employment Report—a private-sector-focused indicator—revealed that employers added 122,000 jobs in...

01:16 PM EST, 01/08/2025 (MT Newswires) -- US equity indexes fell in choppy midday trading Wednesday as investors weighed an unexpected drop in jobless claims with Federal Reserve Governor Christopher Waller's view that inflation remains on an easing trajectory. The S&P 500 fell 0.1% to 5,906.2, with the Nasdaq Composite down 0.1% to 19,463.3 and the Dow Jones Industrial Average...