The economy added 206,000 jobs in June, above the forecast. The US unemployment rate is unexpectedly now above 4%.
"More workers mean more output and that in turn leads to additional tax revenue," CBO director Phillip Swagel said.
Stocks edged higher on Thursday ahead of new inflation data in the form of May PCE. Weekly jobless claims came in lower than expected.
Trump has promised to carry out the largest deportation operation in US history, which risks setting off stagflation, Adam Posen told Bloomberg.
Mike Wilson told Bloomberg that any rate cut made in response to a weakening labor market could be followed by a correction.
A labor-tracking recession gauge is nearing its threshold, and the Fed needs to cut now to stop it.
Compared to Gen X and baby boomers, a new TransUnion survey found Gen Zers are "the most stable" when it coms to their financial outlook. Here's why.
"We are living in a world of 1-in-150 events," says David Rosenberg.
The unemployment rate rose from 3.9% in April to 4.0% in May. Meanwhile, job growth in May was way stronger than expected.
A soft landing is here or in sight, depending on who you ask, based on inflation data, jobs data, and other kinds of data.
The private sector added fewer jobs than expected last month, bolstering expectations for Fed rate cuts.
Tuesday's JOLTS report showed job openings hit their lowest level in over three years.
The stock market continued to sell off on Thursday, with the Dow shedding close to 300 points. Traders are awaiting PCE inflation data on Friday.
America's young men have stopped working. One reason for the rise in joblessness: our broken unemployment system is stopping them from getting hired.
Inflation and politics appear to be driving the disconnect between Americans' view on the broader economy and reality.
"175,000 jobs, just as an example, is more than enough to keep the labor market tight," says Bob Elliott.
The sudden resurgence of inflation has caused some more alarmist analysts to suggest that the US economy is in deep trouble.
The unemployment rate increased from 3.8% in March to 3.9% in April. The US also added 175,000 jobs, far below the forecast.
The US birth rate just fell to its lowest level in over 40 years, according to provisional CDC data.
While Jerome Powell said interest-rate hikes were "unlikely," he needs more confidence in inflation data before cutting rates this year.