Bank of America CEO Brian Moynihan discusses the pace of the economy as the Fed battles to rein in inflation on “Cavuto: Coast to Coast.” As speculation continues to swirl about Treasury Secretary Janet Yellen’s future, a new name has been placed on her shortlist of possible replacements: Bank of America chief executive Brian Moynihan. …
Brian Moynihan added to shortlist to replace Yellen at Treasury Read More »
US employers added 263,000 jobs in November as hiring remained strong despite rising interest rates, high inflation and growing recession fears. The jobless rate held steady at 3.7%, the Labor Department said Friday. Economists polled by Bloomberg estimated that 200,000 jobs were added last month. Payroll gains were revised down from 46,000 to 269,000 for …
Comment this story Comment The U.S. labor market grew again in November, with employers adding 263,000 jobs, a surprisingly robust pace amid a slowdown in the tech industry. The jobless rate, meanwhile, was unchanged from 3.7% a month earlier, according to the Bureau of Labor Statistics. The still strong labor market continues to be one …
