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Search resuls for: "Austen Hufford"


25 mentions found


☆ Signs of a Weakening Job Market, in Five Charts
  + stars: | 2023-12-05 | by ( Austen Hufford | ) www.wsj.com   time to read: 1 min
People waiting in line to speak with prospective employers during a career fair in Los Angeles last month. Photo: Frederic j. brown/Agence France-Presse/Getty ImagesThe hot labor market that underpinned a surprisingly strong economy this year is showing signs of cooling, an indication that growth could ease in 2024. The unemployment rate has edged higher this year, Americans are taking longer to find new jobs, and wage growth is slowing. New Labor Department data on job openings, to be released Tuesday, and Friday’s November jobs report could provide additional clues about if the historically tight labor market is starting to loosen.
Persons: Frederic Organizations: France, New Labor Department Locations: Los Angeles
☆ Why Does My ‘Efficient’ Dishwasher Take a Zillion Minutes for a Load?
  + stars: | 2023-11-24 | by ( Austen Hufford | ) www.wsj.com   time to read: 1 min
For months, Donna King experimented with the various settings of her washing machine, trying to get her clothes to stop coming out covered in detergent residue. In the era of tightening water and energy standards, King thinks the machine just doesn’t use enough water, with clothes emerging nearly dry to the touch. Counting down the hoursShe regularly runs her T-shirts through the machine a second time. The hairstylist in Oak Ridge, Tenn., sometimes brings laundry loads into work to use the heavy duty setup there.
Persons: Donna King, King Locations: Oak Ridge, Tenn
☆ What to Watch in the Retail Report: Is Spending Cooling as Holidays Arrive?
  + stars: | 2023-11-15 | by ( Austen Hufford | ) www.wsj.com   time to read: +1 min
Americans likely pulled back after boosting spending at a blistering pace last summer, forecasters say. Weaker auto sales are expected to weigh on overall spending at a time when high interest rates could deter big-ticket purchases. Lower gasoline prices likely resulted in less spending at gasoline stations. The Commerce Department will release the October retail-sales report at 8:30 a.m. Eastern time Wednesday. Signs of CoolingThe retail-sales report comes as the labor market and broader economy are starting to soften after strong growth for much of this year.
Persons: Justin Sullivan Organizations: Getty, Wall Street, Commerce Department
☆ U.S. Retail Sales Fall for First Time Since March as Holiday Season Approaches
  + stars: | 2023-11-15 | by ( Austen Hufford | ) www.wsj.com   time to read: 1 min
Now it’s ramping up its speed by investing $100 million in local sortation centers to keep up with Amazon and Walmart. WSJ visits Target’s first sortation center to explore its store-centric strategy. Photo: Adam FalkConsumers spent less at stores, dealerships and gas stations last month, a sign the summer spending boom is cooling heading into the holiday shopping season. U.S. retail sales fell 0.1% in October from a month earlier, the Commerce Department said Wednesday. Declining retail sales, combined with slower hiring and easing inflation indicate that the economy is cooling after surprisingly strong growth much of this year.
Persons: it’s, Target’s, Adam Falk Consumers Organizations: Amazon, Walmart, WSJ, Commerce Department
☆ Holiday Hiring Demand Drops Off, a Warning for the Job Market
  + stars: | 2023-11-13 | by ( Austen Hufford | ) www.wsj.com   time to read: 1 min
Seasonal workers hired this year will fall as much as 40% from a recent high in 2021, the National Retail Federation estimates. Photo: Erik Verduzco/Associated PressBusinesses need fewer extra workers for holiday jobs this fall after fighting in recent years to find enough staff to stock shelves, fill boxes and deliver packages during the year-end rush. That could be a warning of a weakening labor market, which is already showing signs of cooling.
Persons: Erik Verduzco Organizations: National Retail Federation, Associated Press
☆ The World’s Coolest Ditch-Digging Job Is Up for Grabs
  + stars: | 2023-10-19 | by ( Austen Hufford | Photographs Luke Sharrett For The Wall Street Journal | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/super-witch-ditch-digging-job-85b16916
Persons: Dow Jones
☆ Gasoline Price Jump Boosted Retail Sales in August
  + stars: | 2023-09-14 | by ( Austen Hufford | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/economy/jump-in-gasoline-prices-boosts-august-retail-sales-fb1bd976
Persons: Dow Jones
☆ Unions Flex Power When Workers Are in Short Supply
  + stars: | 2023-09-11 | by ( Austen Hufford | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/economy/jobs/unions-flex-power-when-workers-are-in-short-supply-ff4ab076
Persons: Dow Jones
☆ Americans Likely Increased Their Spending Significantly Last Month
  + stars: | 2023-08-31 | by ( Harriet Torry | Austen Hufford | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/economy/consumer-spending-personal-income-inflation-july-2023-f9ca1e14
Persons: Dow Jones
☆ Overtime Pay to Be Extended to Millions of Workers Under Biden Administration Plan
  + stars: | 2023-08-30 | by ( Austen Hufford | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/economy/jobs/overtime-pay-to-be-extended-to-millions-of-workers-under-biden-administration-plan-115ca862
Persons: Dow Jones Organizations: biden
☆ A Soap Maker Cracks the Code to ‘Made in America’
  + stars: | 2023-07-25 | by ( Austen Hufford | Photographs Maddie Mcgarvey For The Wall Street Journal | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/bath-body-works-us-manufacturing-413cf9d0
Persons: Dow Jones
☆ Americans Have Quit Quitting Their Jobs
  + stars: | 2023-07-06 | by ( Austen Hufford | Gwynn Guilford | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/americans-have-quit-quitting-their-jobs-4feda9bb
Persons: Dow Jones
☆ Lots of Hiring, but Not So Much Working
  + stars: | 2023-06-18 | by ( Gwynn Guilford | Austen Hufford | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/lots-of-hiring-but-not-so-much-working-d4f01646
Persons: Dow Jones
☆ U.S. Imported More Cars, Phones, Supplies From Abroad
  + stars: | 2023-06-07 | by ( Austen Hufford | Anthony Debarros | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/u-s-imported-more-cars-phones-supplies-from-abroad-9157aca6
Persons: Dow Jones
☆ GDP Report to Show Pace of U.S. Growth in First Quarter
  + stars: | 2023-04-27 | by ( Austen Hufford | ) www.wsj.com   time to read: 1 min
Some consumers say they are reducing their spending because of rising prices. Photo: Angus Mordant/Bloomberg NewsA government report on U.S. economic output in the first quarter will shed light on how consumers and businesses are faring under high inflation, rising interest rates and the onset of banking problems. Consumer spending, the primary driver of growth, and hiring were surprisingly strong at the start of the year, but more recently slowed as the Federal Reserve continued raising interest rates to cool the economy and curb rapid price increases.
☆ GDP Report Shows Economic Growth Slowed in First Quarter
  + stars: | 2023-04-27 | by ( Austen Hufford | ) www.wsj.com   time to read: 1 min
Some consumers say they are reducing their spending because of rising prices. Photo: Angus Mordant/Bloomberg NewsU.S. economic growth decelerated to a 1.1% annual rate in the first quarter as consumers faced high inflation, rising interest rates and the onset of banking problems. The rise in U.S. gross domestic product in the first three months of the year marked a slowdown from inflation- and seasonally adjusted 2.6% growth in the fourth quarter, the Commerce Department said Thursday.
☆ Biden’s Labor Secretary Pick Seeks to Win Over Skeptical Democrats
  + stars: | 2023-04-20 | by ( Austen Hufford | ) www.wsj.com   time to read: 1 min
Acting Labor Secretary Julie Su has the support of many of the country’s unions, though some business groups oppose her. Photo: michael reynolds/ShutterstockWASHINGTON—Acting Labor Secretary Julie Su defended her record at the start of a confirmation hearing Thursday, as she seeks to gain Senate approval to lead the department. President Biden picked Ms. Su for the cabinet post earlier this year. 2 position at the Labor Department in 2021, but confirmation for the top job isn’t assured in the closely divided Senate. Ms. Su needs near universal support from Mr. Biden’s party if Republicans are united against her.
☆ Low Jobless Claims Show Labor Market Shrugs Off Economy’s Clouds
  + stars: | 2023-03-30 | by ( Sarah Chaney Cambon | Austen Hufford | ) www.wsj.com   time to read: 1 min
A job fair in Sunrise, Fla. The level of U.S. jobless claims fluctuated earlier this month but broadly remains low. Worker filings for unemployment benefits rose last week but were still historically low, showing that the broader labor market remains robust despite large companies announcing layoffs. Initial jobless claims, a proxy for layoffs, increased by 7,000 to a seasonally adjusted 198,000 last week, the Labor Department said Thursday.
☆ Tech, Finance Companies Continue to Cut Jobs Despite Strong Broader Labor Market
  + stars: | 2023-03-11 | by ( Austen Hufford | ) www.wsj.com   time to read: 1 min
Retailers in February hit their highest employment level in a year. Employers’ solid hiring in February brought the total of added U.S. jobs to 4.3 million over the past year, but signs are emerging that job growth is slowing in some industries. Sectors that saw a declining number of jobs in February from January include information, transportation and warehousing and finance and insurance.
☆ Hot Dogs Can Explain How Our View of Inflation and Employment Changes With the Seasons
  + stars: | 2023-03-07 | by ( Kara Dapena | Austen Hufford | ) www.wsj.com   time to read: 1 min
Did the U.S. add half a million jobs in January or did it lose 2.5 million? The government said both happened—but investors and policy makers cared about the seasonally adjusted increase of 517,000.
☆ How Seasonality Affects Our View of Inflation and Jobs, as Explained With Hot Dogs
  + stars: | 2023-03-07 | by ( Kara Dapena | Austen Hufford | ) www.wsj.com   time to read: 1 min
Did the U.S. add half a million jobs in January or did it lose 2.5 million? The government said both happened—but investors and policy makers cared about the seasonally adjusted increase of 517,000.
☆ Fed’s Rate Moves Put Manufacturing Sector at Risk
  + stars: | 2023-03-06 | by ( David Harrison | Austen Hufford | ) www.wsj.com   time to read: 1 min
The American manufacturing sector is starting to show signs of weakness after two years of strong growth, as higher interest rates and a slowdown in exports threaten production. New orders for manufactured goods contracted for the sixth straight month through February, according to surveys by the Institute for Supply Management. Manufacturing output is down 1.7% from its postpandemic peak in May 2022, according to a three-month moving average of Federal Reserve data. And the Commerce Department’s measure of civilian capital equipment orders, excluding aircraft—the building blocks of business—was down 3.4% in January from its recent high in November 2021, after adjusting for inflation.
☆ Commerce Report to Detail Consumer Spending, Inflation in January
  + stars: | 2023-02-24 | by ( Austen Hufford | ) www.wsj.com   time to read: 1 min
A report Friday will offer insight into how the economy is fairing at the start of 2023, including whether consumers are spending on air travel, rent and other services, and if inflation continues to moderate. The Commerce Department will release January figures on household spending, income and saving, alongside the Federal Reserve’s preferred inflation gauge, at 8:30 a.m.
☆ Inflation Firmed, Consumer Spending Jumped in January
  + stars: | 2023-02-24 | by ( Austen Hufford | ) www.wsj.com   time to read: 1 min
Inflation firmed and consumers stepped up spending in January, likely leaving the Federal Reserve on track to keep raising interest rates in coming months to cool price pressures. The personal-consumption expenditures price index—the Fed’s preferred gauge of inflation—rose 5.4% in January from a year earlier, up from 5.3% in December, the Commerce Department said Friday. The core PCE-price index, which excludes food and energy prices, rose 4.7%, also ticking up from December. The central bank aims for 2% annual inflation.
☆ January Retail Sales to Show Whether Consumer Spending Picked Up
  + stars: | 2023-02-15 | by ( Austen Hufford | ) www.wsj.com   time to read: 1 min
A report on January U.S. retail sales will show consumers’ enthusiasm for spending at stores, restaurants and online at the start of the year as job growth surged and high inflation cooled slightly. Inflation, rising borrowing costs and uncertainty about the economy caused households to pull back on spending late last year. But the unexpectedly strong jobs report in January and still solid wage gains bode well for more recent consumer spending, economists said. Some of them think economic growth could be picking up.
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