Economists expect Friday’s U.S. payrolls report will show job growth slumped to a five-month low in October, though it may be trickier than usual to sort out the true underlying trend.
The number of Americans filing applications for unemployment benefits rose slightly more than expected last week, but the trend in claims remained consistent with strong labor market conditions.
U.S. stock index futures were higher Thursday morning.
U.S. gross domestic product — the broadest measure of the U.S. economy — grew faster than expected in the third quarter, but slowed slightly as business investment continued to decline.
The U.S. economy likely slowed further in the third quarter, held back by a moderation in consumer spending and declining business investment, which could spur the Federal Reserve to cut interest rates again to keep the expansion on course.
U.S. stock index futures were slightly higher Tuesday morning, amid the busiest week for earnings.
By CHRISTOPHER RUGABER, AP Economics Writer- A measure of hiring by U.S. companies has fallen to a seven-year low and fewer employers are raising pay, a business survey has found. Just one-fifth of the economists surveyed by the National Association for Business Economics said their companies have hired additional workers in the past three months. [...]
U.S. stock index futures were trading mixed on Friday morning.