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☆ Club name Disney's dispute with Charter is bad news for both companies
▼ + stars: | 2023-09-05 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. Bad news for Disney The ongoing carriage dispute between Charter Communications (CHTR) and Club holding Walt Disney (DIS) is bad news for both companies. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim Cramer's, Jim Organizations: CNBC, Disney Watch Oracle, Nasdaq, Energy, West Texas, U.S ., Treasury, Labor, Disney, Charter Communications, Club, Walt Disney, JPMorgan, Watch Oracle Barclays, Oracle, Barclays Locations: Saudi, U.S

☆ Stocks stage a comeback, while two Club tech names report — and what's on tap for next week
▼ + stars: | 2023-09-02 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

All three major U.S. stock indices rebounded this past week following a lackluster August, delivering their best one-week performances since July. Here's a quick update on the past week: The August ADP employment report numbers came in lower than expected. Earnings : No Club companies report next week. Over 99% of S & P 500 companies have now reported earnings results for the second-quarter season, according to FactSet. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Nonfarm payrolls, Dow Jones, Buster's, Jim Cramer's, Jim Cramer, Jim, Michael M Organizations: Dow Jones, Nasdaq, Federal Reserve, Labor, U.S . Labor Department, ISM Manufacturing, Broadcom, VMware, PMI, Photonics, Akoustis Tech, GameStop, Eagle Outfitters, SAIC, Brands, ABM Industries, Kroger, KR, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: U.S, Asana, ASAN, New York City

The Labor Department's report showed the August unemployment rate rose to 3.8% while wage growth slowed. The most traded stock in the S&P 500 was Tesla Inc , with $32.6 billion worth of shares exchanged during the session. For the week, the S&P 500 rose 2.50%, the Dow added 1.43% and the Nasdaq climbed 3.25%. Advancing issues outnumbered falling ones within the S&P 500 (.AD.SPX) by a 2.1-to-one ratio. The S&P 500 posted 28 new highs and 20 new lows; the Nasdaq recorded 84 new highs and 90 new lows.

Persons: Keith Buchanan, Walt Disney, Brendan McDermid, Lululemon, Rosalind Brewer, Shristi Achar, Noel Randewich, Sruthi Shankar, Shounak Dasgupta, Richard Chang Organizations: Dell, Nasdaq, Dow, Disney, Charter Communications, Labor, Federal Reserve, GLOBALT Investments, ESPN, Charter's, Warner Bros Discovery, Paramount Global, Fox Corp, Tesla Inc, New York Stock Exchange, REUTERS, Dow Jones, Broadcom, Dell Technologies, Walgreens Boots Alliance, Thomson Locations: Atlanta, U.S, New York City, Bengaluru, Oakland , California

☆ Hollywood strike, Yellow bankruptcy likely restrained US job growth in August
▼ + stars: | 2023-09-01 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

As such, economists are cautioning against reading too much into any sharp deceleration in job gains when the Labor Department's publishes its closely watched employment report on Friday. Nonfarm payrolls likely increased by 170,000 jobs last month after rising 187,000 in July, according to a Reuters survey of economists. Still, employment growth would be more than the roughly 100,000 jobs per month needed to keep up with the increase in the working age population. Yellow Corp trucking filed for Chapter 11 bankruptcy in early August, leaving about 30,000 workers unemployed. "This (job growth) would be one more piece of evidence that would be consistent with that, but that also depends a lot on the upcoming inflation data."

Persons: Elizabeth Frantz, it's, Brian Bethune, Nonfarm, payrolls, Conrad DeQuadros, Dean Maki, Ellen Zentner, Morgan Stanley, Lucia Mutikani, Nick Zieminski Organizations: REUTERS, Labor, Boston College, Labor Department's Bureau of Labor Statistics, American Federation of Television, Radio Artists, Yellow Corp, Brean, Point72, Management, Thomson Locations: Arlington , Virginia, U.S, WASHINGTON, New York, Stamford , Connecticut

The Labor Department's report showed the unemployment rate rose to 3.8% last month against expectations that it would remain unchanged at 3.5%, while wages advanced 0.2% on a monthly basis, moderating from a 0.4% rise in July. Nonfarm payrolls increased by 187,000 jobs in August, against expectations of 170,000 additions, according to a Reuters poll of economists. Data for July was revised to show 157,000 job additions instead of the 187,000 additions reported before. The payrolls report follows recent data showing a fall in job openings and softer-than-expected private employment growth, both of which signaled weakness in the labor market. Broadcom (AVGO.O) fell 4.5% as the chipmaker projected current-quarter revenue below expectations on softening enterprise demand.

Persons: Brendan McDermid, Nonfarm, Rick Meckler, salvos, Rosalind Brewer, decliners, Shristi Achar, Sruthi Shankar, Shounak Dasgupta Organizations: New York Stock Exchange, REUTERS, Broadcom, Dell, Dow, Nasdaq, Federal, Labor, Data, Traders, Cherry Lane Investments, Fed, Institute for Supply Management, Dow Jones, Disney, Charter Communications, ESPN, Charter's, Dell Technologies, Walgreens Boots Alliance, NYSE, Thomson Locations: New York City, U.S, Bengaluru

☆ US private payrolls growth slows sharply in August - ADP
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, Aug 30 (Reuters) - U.S. private payrolls increased less than expected in August, the latest indication that the labor market was losing steam, though it remains tight. Private payrolls rose by 177,000 jobs last month, the ADP National Employment report showed on Wednesday. Economists polled by Reuters had forecast private employment would increase by 195,000. It has not been a reliable gauge in trying to predict the private payrolls count in the employment report. According to a Reuters survey of economists, the Bureau of Labor Statistics is expected to report that private payrolls increased by 150,000 jobs in August.

Persons: payrolls, Lucia Mutikani, Chizu Organizations: ADP, Reuters, Federal Reserve, Conference Board, Stanford Digital Economy, Labor, of Labor Statistics, Thomson

☆ The Investing Club's top 10 things to watch in the stock market Wednesday
▼ + stars: | 2023-08-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Citigroup maintains a buy rating on Club name Apple (AAPL) ahead of its Sept. 12 product event, while reiterating a $240-per-share price target on the stock. As ever, Apple is an "own it, don't trade it" stock ahead of the product launch. Morgan Stanley downgrades Centene (CNC) to equal weight, from overweight, while lowering its price target on the stock to $73 a share, down from $94. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stocks, —, Johnson, Morgan Stanley downgrades Centene, Morgan Stanley, Bernstein, James Hollingshead, Wolfe, BUD, Bud Light, KeyBanc, Jim Cramer's, Jim Cramer, Jim Organizations: ADP, Federal Reserve, Labor, Citigroup, Apple, Citi, FedEx, Health, Humana, Bernstein downgrades Texas, Wolfe Research, NFL, Anheuser, Busch InBev, Molson Coors Beverage, Constellation Brands, Google, Club, Nvidia, HP Inc, Jim Cramer's Charitable, CNBC Locations: U.S

☆ Stocks rise, as the market looks to earnings for 2 Club tech names
▼ + stars: | 2023-08-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. Stocks climb higher Portfolio news Earnings on deck 1. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Morgan Stanley, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Labor, Google, Club, Nvidia, Citigroup, Apple, Enterprise, Broadcom

☆ S&P 500 hits 4-day win streak as US stocks climb after ADP report shows job growth slowing
▼ + stars: | 2023-08-30 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

US stocks climbed following Wednesday's cooler-than-expected ADP jobs report. Private-sector employers added 177,000 jobs this month, below last month's reading of 371,000. Investors cheered as the data came after Tuesday's job-opening data, which was the lowest in two years. That could be a hint that the Labor Department's jobs report on Friday will also indicate a cooler labor market, though the two data sets often diverge. AdvertisementAdvertisementAlso on Wednesday, second-quarter economic growth was revised down to 2.1% from an earlier reading of 2.4%.

Persons: Dow Jones, José Torres Organizations: Service, ADP, Dow, Labor, Federal, Interactive, Nasdaq Locations: Wall, Silicon, Here's

A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. The S&P 500 and Nasdaq touched their highest in over two weeks during the session after the Labor Department's Job Openings and Labor Turnover Survey (JOLTS) showed the number of job openings stood at 8.827 million in July, falling for the third straight month and signaling easing labor market pressures. Interest rate futures signaled an 87% chance the Fed will keep rates steady at its September meeting and a 54% chance it will keep rates on hold through November, according the CME Group's FedWatch tool. "Investors are of the mindset that 'You know what, maybe interest rate hikes are indeed behind us. According to preliminary data, the S&P 500 (.SPX) gained 64.39 points, or 1.45%, to end at 4,497.70 points, while the Nasdaq Composite (.IXIC) gained 239.36 points, or 1.74%, to 13,943.37.

Persons: Carlo Allegri, Elliott, let's, Sam Stovall, Jerome Powell's, drugmaker, Shristi Achar, Noel Randewich, Shounak Dasgupta, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Tesla, Nvidia, U.S . Federal Reserve, Nasdaq, Labor, CFRA Research, Dow Jones, Apple, Google, Elliott Investment Management, Verizon, Citi, PDD Holdings, Thomson Locations: New York, United States, U.S, Bengaluru, Oakland, Calif

The Labor Department's Job Openings and Labor Turnover Survey (JOLTS) showed 2.3% of nonfarm payroll workers quit their jobs in July, down from a rate as high as 3% during the pandemic-driven "Great Resignation." The hiring rate last month hit its lowest point since April 2020. The JOLTS data for July "are moderating back to either pre-pandemic levels or levels that we have not seen in quite some time. Because the 401(k) data tends to capture higher-paying jobs, slowed hiring in that cohort could be particularly relevant to the Fed's inflation outlook. Data later this week will provide an updated view on inflation as well as for hiring and wages in August.

Persons: Fiona Greig, Greig, Christopher Waller, Beveridge, Oren Klachkin, Howard Schneider, Dan Burns, Paul Simao Organizations: Labor, Reuters, Vanguard, Reuters Graphics Reuters, Conference, Fed, Nationwide, Thomson Locations: U.S, joblessness

A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. Of the 11 S&P 500 sector indexes, 11 rose, led by communication services (.SPLRCL), up 2.22%, followed by a 2.1% gain in information technology (.SPLRCT). The S&P 500 was up 1.30% at 4,491.03 points. Advancing issues outnumbered falling ones within the S&P 500 (.AD.SPX) by a 7.6-to-one ratio. The S&P 500 posted 17 new highs and two new lows; the Nasdaq recorded 43 new highs and 100 new lows.

Persons: Carlo Allegri, Elliott, let's, Sam Stovall, Jerome Powell's, drugmaker, Shristi Achar, Noel Randewich, Shounak Dasgupta, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Nasdaq, Dow, Wall, Tesla, Nvidia, U.S . Federal Reserve, Labor, CFRA Research, Google, Elliott Investment Management, Dow Jones, Verizon, Citi, PDD Holdings, Thomson Locations: New York, United States, Bengaluru, Oakland, Calif

☆ US labor market loses steam as job openings, resignations decline
▼ + stars: | 2023-08-29 | by ( Lucia Mutikani | ) www.reuters.com time to read: +7 min

That was reinforced by a survey from the Conference Board showing consumers' perceptions of the labor market cooled in August. Nevertheless, labor market conditions remain tight, with 1.51 job openings for every unemployed person in July, compared to 1.54 in June. Economists polled by Reuters had forecast 9.465 million job openings. State and local government education job openings declined by 62,000 and there were 27,000 fewer federal government vacancies. Reuters GraphicsDeclining job openings are likely to be mirrored by slower job growth in August.

Persons: Elizabeth Frantz, Conrad DeQuadros, payrolls, Jerome Powell, Jackson, Jeffrey Roach, Christopher Rupkey, Scott Anderson, Lucia Mutikani, Andrea Ricci, Paul Simao Organizations: REUTERS, Federal Reserve, Labor, Survey, Labor Department, Board, Brean, Reuters, Midwest, Reuters Graphics, LPL Financial, Treasury, Fed, Companies, Bank of, Thomson Locations: Arlington , Virginia, U.S, WASHINGTON, New York, Northeast, West, Wyoming, Charlotte , North Carolina, Stocks, San Francisco

A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. The Labor Department's Job Openings and Labor Turnover Survey (JOLTS), showed the number of job openings stood at 8.827 million in July, falling for the third straight month and signaling easing labor market pressures. The S&P 500 communication services sector (.SPLRCL) rose 2.6%, while consumer discretionary (.SPLRCD) and technology (.SPLRCT) stocks gained 1.9% each. The non-farm payrolls report on Friday will offer investors more clarity about the state of the labor market. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlo Allegri, Elliott, Hogan, Jerome Powell's, drugmaker, decliners, Shristi Achar, Shounak Dasgupta Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, U.S . Federal Reserve, Labor, Conference Board, Riley, Microsoft, Nvidia, Google, Elliott Investment Management, Dow Jones, Verizon, Citi, PDD Holdings, NYSE, Thomson Locations: New York, United States, Bengaluru

☆ European markets climb, tracking global counterparts
▼ + stars: | 2023-08-29 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

LONDON — European stock markets were higher on Tuesday, tracking global counterparts as investors look ahead to a fresh round of economic data this week. Major European indices advanced on Monday, though U.K. markets were closed for a public holiday. Shares in Asia-Pacific rose overnight, building on the positive Monday session, as Hong Kong and mainland Chinese stocks led gains. As global stock markets enter the final few days of what has been a rough month, attention will turn toward a fresh batch of economic data. Of particular interest will be the U.S. Labor Department's release of nonfarm payrolls, which shows the pace of jobs and wage growth and could guide the Fed on how to proceed with its monetary policy.

Persons: Jerome Powell, Powell, nonfarm Organizations: Investors, Federal, U.S . Labor Locations: Asia, Pacific, Hong Kong

☆ US labor market cooling as job openings, quits decline
▼ + stars: | 2023-08-29 | by ( Lucia Mutikani | ) www.reuters.com time to read: +4 min

That was reinforced by a survey from the Conference Board showing consumers' perceptions of the labor market cooling in August. Nevertheless, labor market conditions remain tight, with 1.5 job openings for every unemployed person in July. Economists polled by Reuters had forecast 9.465 million job openings in July. The decrease was led by the professional and business services sector, where job openings dropped 198,000. The quits rate, viewed as a measure of labor market confidence, fell to 2.3% from 2.4% in June.

Persons: Elizabeth Frantz, Conrad DeQuadros, Jerome Powell, Lucia Mutikani, Andrea Ricci Organizations: REUTERS, Federal Reserve, Labor, Survey, Labor Department, Board, Brean, Reuters, Treasury, Fed, Companies, Thomson Locations: Arlington , Virginia, U.S, WASHINGTON, New York

☆ Fed Chair Powell calls inflation 'too high' and warns that 'we are prepared to raise rates further'
▼ + stars: | 2023-08-25 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

watch nowFederal Reserve Chair Jerome Powell on Friday called for more vigilance in the fight against inflation, warning that additional interest rate increases could be yet to come. Regardless, Powell indicated it's too soon to declare victory, even with data this summer running largely in the Fed's favor. A need to 'proceed carefully'Powell's remarks follow a series of 11 interest rate hikes that have pushed the Fed's key interest rate to a target range of 5.25%-5.5%, the highest level in more than 22 years. He noted progress on all three, but said nonhousing is the most difficult to gauge as it is the least sensitive to interest rate adjustments. Inflation measured over the past three and six months has declined, however, which is encouraging," Powell said.

Persons: Jerome Powell, Powell, Jackson, it's, Ryan Detrick, Jack McIntyre, nonhousing Organizations: Kansas City, Fed, Bureau of Labor Statistics, Dow Jones, Carson Group, Federal, Market, Brandywine, Commerce Department, Labor Locations: Jackson Hole , Wyoming, policymaking

☆ The decline of Boston Market: Why the chain that sparked the rotisserie chicken craze has closed dozens of stores
▼ + stars: | 2023-08-19 | by ( Nancy Luna | ) www.businessinsider.com time to read: +5 min

Boston Market, founded in 1985, sparked the rotisserie chicken craze in the late 1980s and 1990s. Between 2017 and 2022, the Golden, Colorado-based chain closed 161 stores, according to market research firm TechnomicAbout 50 more stores have closed this year. "Boston Market repeatedly has breached its payment obligations to US Foods," the suit states. Boston Market began serving its homestyle meals of spit-roasted rotisserie chickens, made-from-scratch cornbread, and creamy mac and cheese in 1985. Boston Market also faced competition from grocery stores like Costco and Kroger, which began selling rotisserie chickens in 1994.

Persons: Brenda Rivera, Rivera, Seth Wenig, Joseph Petrecca, McDonald's, Jay, Pandya, Tim Powell, That's, It's, it's Organizations: Boston, McDonald's, Service, New Jersey's Labor Department, The, Boston Market, Engage Brands, Restaurant Business, US Foods, Costco, Kroger, Sun Capital Partners, Sun Capital, Restaurant, Group, Companies Locations: New Jersey, Wall, Silicon, California, Boston, , Colorado, Jersey, Massachusetts, Arizona, Orange County , California, Huntington Beach , California

REUTERS/Brendan McDermid//File PhotoSummaryCompanies US-listed China stocks fall as stimulus measures disappointFutures mixed: Dow up 0.02%, S&P down 0.06%, Nasdaq down 0.16%Aug 11 (Reuters) - U.S. stock index futures were subdued on Friday as investors awaited producer prices data that could offer more clarity on the Federal Reserve's rate hike path. Investors are now focused on the producer prices data due at 8:30 a.m ET that will offer more insight into inflation in the world's largest economy. U.S. Labor Department's producer price index (PPI) for final demand, is expected to rise 0.2% in July, after growing 0.1% in June. "This (PPI) data set is something of a crystal ball for consumer price inflation; when producers charge more for goods the higher costs are usually passed on to households." "Higher yields incentivize investors to park their cash in the safety of bonds, and therefore decreases demand for risky plays like equities."

Persons: Brendan McDermid, Russ Mould, AJ Bell, Marios Hadjikyriacos, Bansari Mayur Kamdar, Johann M, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Benchmark, Labor, PPI, Dow e, Nvidia, Treasury, XM, Thomson Locations: New York City, U.S, China, JD.com, Bengaluru

☆ Fed's Bowman says more US rate hikes likely will be needed
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +3 min

REUTES/Ann Saphir/File PhotoAug 5 (Reuters) - The U.S. Federal Reserve will likely need to raise interest rates further to bring down inflation, Governor Michelle Bowman said on Saturday. Bowman said she supported the Fed's quarter-point increase in interest rates last month, given still-high inflation, strong consumer spending, a rebound in the housing market and a labor market that is helping to feed higher prices. In forecasts published in June, most Fed policymakers expected to end the year with the Fed policy rate at 5.6%, one quarter-point hike above the setting established at the Fed's late-July meeting. Bowman's use of the plural "rate increases" in her remarks on Saturday indicates she thinks the Fed will need to go higher than that. "I will also be watching for signs of slowing in consumer spending and signs that labor market conditions are loosening."

Persons: Michelle Bowman, Ann Saphir, Bowman, Jerome Powell, Banks, Tom Hogue Organizations: Federal, Hoover Institution, REUTES, U.S . Federal Reserve, Kansas Bankers Association, Market Committee, Labor, Thomson Locations: Palo Alto , California, U.S

☆ Slower, but still strong US employment growth expected in July
▼ + stars: | 2023-08-04 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The Labor Department's closely watched employment report on Friday is still expected to show a tight labor market, with the unemployment rate steady near multi-decade lows, though wage growth probably moderated. Nonfarm payrolls likely increased by 200,000 jobs last month, after rising 209,000 in June, according to a Reuters survey of 80 economists. Still, employment growth would be double the roughly 100,000 jobs per month needed to keep up with the increase in the working age population. Striking Hollywood writers and actors also likely had no impact on employment growth. Though annual wage growth remains too high to be consistent with the Fed's 2% inflation target, it would be the latest indication of wage pressures continuing to subside into the third quarter.

Persons: Elizabeth Frantz, Sam Bullard, Nonfarm, Carl Riccadonna, Sung Won Sohn, Veronica Clark, Lucia Mutikani, Diane Craft Organizations: REUTERS, Federal Reserve, Labor, Fed, BNP, Labor Department's Bureau of Labor Statistics, Institute for Supply, Labor Department, Conference, Finance, Loyola Marymount University, Citigroup, Thomson Locations: Arlington , Virginia, U.S, WASHINGTON, Wells, Charlotte , North Carolina, New York, Los Angeles

☆ US job growth slowing but labor market still tight
▼ + stars: | 2023-08-04 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

The Labor Department's employment report on Friday also showed job growth in May and June was revised lower, potentially suggesting demand for labor was slowing in the wake of the Federal Reserve's hefty interest rate hikes. "We haven't approached that fork in the road yet, but there is still a strong possibility that the labor market can rebalance without a recession." The job growth in June was the weakest since December 2020. With the labor market still tight, wages continued to rise at a solid clip. "The Fed will take comfort from moderating job growth, but will continue to fret about the tight labor market," said Sal Guatieri, a senior economist at BMO Capital Markets in Toronto.

Persons: Elizabeth Frantz, Nick Bunker, Sal Guatieri, Lucia Mutikani, Diane Craft, Paul Simao Organizations: REUTERS, Labor, Data, Reuters, Reuters Graphics Reuters, Employment, Treasury, BMO Capital Markets, Thomson Locations: Arlington , Virginia, U.S, WASHINGTON, Toronto

In the past, he would have swiftly chopped 10% of the workers that run his bag-making machines, or about 15 people. Faced with the tightest job market in decades, many have become less trigger-happy with layoffs, even in the face of a cooling economy. But, so far, the economy has continued to grow, albeit more slowly, and the job market has powered onward. Reuters Graphics'HOLD ONTO YOUR LABOR FORCE'At least one major company has adopted a formal strategy of hoarding workers. "I don't think it's the case that many businesses are holding onto workers who are idle," she said.

Persons: Kevin Kelly, Nathan Frandino, Kelly, Alan H, Shaw, they're, Dana Peterson, Peterson, Arnold Kamler, Julia Pollak, Thomas Simons, We're, Timothy Aeppel, Dan Burns, Paul Simao Organizations: Emerald Packaging, REUTERS, Packaging, Employers, Federal Reserve, Labor, Reuters Graphics, Norfolk, Reuters, U.S, Survey, Labor Department, Conference Board, Business Council, Kent International, Jefferies, Thomson Locations: California, Union City , California, U.S, San Francisco, Norfolk Southern, downturns, Atlanta, New York, South Carolina, rehire, Los Angeles

☆ US stocks fall after erasing earlier gains as Apple sells off on earnings
▼ + stars: | 2023-08-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

US stocks finished lower after reversing earlier gains as Apple dragged down indexes. Apple stock tumbled 4.8% as quarterly revenue continued to drop. The monthly jobs report came in at 187,000, slightly under expectations for July. Apple stock tumbled by 4.8% after reporting quarterly revenue declined again. Elsewhere, the Labor Department's jobs report for July showed payrolls expanded by 187,000, below estimates.

Persons: Amazon, payrolls Organizations: Apple, Service, Labor, Federal Reserve, Dow, Nasdaq, Here's Locations: Wall, Silicon

☆ Private sector added 324,000 jobs in July, well above expectations, ADP says
▼ + stars: | 2023-08-02 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Sinking Spring, PA - April 19: The sign at the McDonald's restaurant on Penn Ave in Sinking Spring, PA April 19, 2021 with a message on a board below it that reads "Work Here $15 $15 $15". (Photo by Ben Hasty/MediaNews Group/Reading Eagle via Getty Images)Private sector companies added far more jobs than expected in July, pushed higher by a boom in leisure and hospitality jobs, payroll processing firm ADP reported Wednesday. Job gains for the month totaled 324,000, driven by a 201,000 jump in hotels, restaurants, bars and affiliated businesses. The ADP report serves as a precursor for Friday's more widely followed nonfarm payrolls count from the Labor Department's Bureau of Labor Statistics. Also of note from the ADP report was that the job gains were concentrated in firms with fewer than 50 employees, which were responsible for 237,000 positions.

Persons: Ben Hasty, Dow Jones, Nela Richardson, nonfarm Organizations: Penn, MediaNews, Getty Images, Dow, Reserve, Goods, Labor Department's Bureau of Labor Statistics, BLS, ADP Locations: PA

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