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Job growth steady in December

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Jan 5, 2024
A now hiring sign in a TJMaxx store

Episodes 261 - 270 of 432

  • The economy added 2.7 million jobs in 2023
    Andrew Caballero-Reynolds/AFP via Getty Images

    Job growth was better than expected in December; average hourly earnings grow 4.1%, outpacing inflation; services sector slows as consumers shift spending; FDA approves Florida plan to import Canadian prescription drugs.

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  • Services sector employment picks up in December 
    RichLegg/Getty Images

    Stocks close mixed; wages rise at slower pace; service sector expands at faster clip; weekly initial unemployment claims fall.

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  • Bankruptcies rose last year, and more increases are expected
    Scott Olson/Getty Images

    Bankruptcies rose 18% in 2023; Red Sea attacks are causing spikes in transport costs; private employers added 164,000 jobs in December; Carrefour supermarket chain pulls PepsiCo products due to price increases.

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  • Job openings still higher than pre-pandemic levels
    Mario Tama/Getty Images

    Stocks fall; job openings have been falling over the last two years; Fed minutes show members think interest rates are at or near peak; manufacturing sector contracts.

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  • U.S. employers are still trying to fill a lot of open positions
    Justin Sullivan/Getty Images

    November job openings totaled 8.8 million, little changed from October; Richmond Fed’s Barkin says no timetable for rate cuts; Maersk, Hapag-Lloyd pause Red Sea shipping again; Buffett tops list of charitable giving in 2023.

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  • Construction spending up in November
    Robert Nickelsberg/Getty Images

    Stocks close lower; manufacturing construction up almost 60% year-over-year; manufacturers’ orders fall; optimism rises.

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  • Apple stock gets a downgrade for the new year
    Mario Tama/Getty Images

    Barclays says Apple sales are likely to be sluggish; many EVs lose $7,500 tax credit; McKinsey agrees to near $80 million opioid settlement; nearly half the states implement minimum wage increases.

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  • Our most-read stories were all about energy
    Joe Raedle/Getty Images

    Falling oil prices, the pros and cons of L.E.D. bulbs, and the bumpy road to rooftop solar power took the top three spots.

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  • Stocks are wrapping up the year with blockbuster gains
    Angela Weiss/AFP via Getty Images

    S&P 500 is set for a gain of almost 25%; Nvidia stock this year benefited from AI excitement; mortgage rates fall to 6.6%, Freddie Mac says; U.S. extending tariff suspension on EU metal imports.

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