HSBC plans to cut 35,000 jobs
The bank is grappling with risks from the Hong Kong protests and China’s coronavirus outbreak, among other financial strains.
The bank is grappling with risks from the Hong Kong protests and China’s coronavirus outbreak, among other financial strains.
Jobless claims are at the lowest rate since the end of September.
Companies may be less likely to let employees go with more job openings and increased difficulty attracting talent.
More than 50 lenders will cut nearly 78,000 jobs in response to a slow economy.
Employers added the fewest workers in three months and wages rose less than expected, suggesting broader economic weakness.
Data from ADP suggests a potential pullback in the labor market amid weakness in some parts of the economy.
Filings for unemployment benefits rose to a four-week high, a sign the labor market may be softening somewhat even as it remains strong overall.
Filings for unemployment benefits rose by more than forecast to the highest since September 2017.
Filings for U.S. unemployment benefits unexpectedly fell to a five-week low, even amid a partial federal government shutdown
Employers added the most workers in 10 months as wage gains accelerated and labor-force participation jumped, reflecting a robust job market.
Filings for unemployment benefits held near an almost five-decade low, indicating a robust job market.
U.S. filings for unemployment benefits fell last week and continuing claims dropped to the lowest level since 1973.
U.S. hiring cooled in September by more than forecast, wage gains eased slightly and the jobless rate fell to a 48-year low.
Multiple-job holders made up 5.1% of the total employed in August, and the share has been hovering around 5% since the expansion began in mid-2009.
American businesses added the most workers in seven months in September, a sign hiring is holding up in a tight job market.
Filings for U.S. unemployment benefits rose last week, reflecting jumps in states hit by Hurricane Florence.
The decline in applications suggests that the September payrolls report may show another solid gain.
Filings for unemployment benefits fell last week to the lowest in almost five decades, indicating a tight job market.
U.S. filings for unemployment benefits fell for a third week and remain near the lowest in almost five decades.
U.S. filings for unemployment benefits plunged to the lowest level since 1969.