Wall Street Job Losses May Top 200,000 as AI Replaces Roles… What Does It Mean - Global banks are projected to cut approximately 200,000 jobs due to advancements in artificial intelligence (AI). AI ...
Week In Review – July 15 2024
Nick Timiraos Tells Us Jay Powell Scored a Hat Trick… The jobs market and economy cooled while the long bond eased. What It Means—Now, if the Fed chair and other central bankers talk up lower GDP ...
Week In Review – July 9 2024
The U.S. Economy Created 206,000 Jobs in May, While the Unemployment Rate Rose to 4.1%… What It Means— Jay Powell scored a hat trick. The jobs market and economy cooled while the long bond eased. ...
Week In Review – June 11 2024
The U.S. Economy Created 272,000 Jobs in May, Well Above the Non-Farm Payroll Estimate of 180,000… The unemployment rate remained at 4.0%, while the participation rate was steady at 62.5%. What it ...
Week In Review – May 6 2024
U.S. Economy Created 175,000 Jobs in April…The unemployment rose to 3.9%. What it means— Break out the champagne glasses, but don’t pour it yet. The lower jobs numbers and higher ...