Finance

I’ve been a recruiter for 25 years. I’ve watched clients blindly pivot to younger candidate résumés for no viable reason. It’s a sad and unnecessary bias. Personally, I can report that once my former boss learned I was 50, I lost my “most favorite status” and was pushed out of my former company after five […]

Stocks powered to records Friday after a surprisingly strong jobs report gave reassurance that the economy is still solid, despite the pain U.S. factories are feeling from President Donald Trump’s trade war. The Labor Department’s report showed that employers added more jobs last month than economists expected, and hiring was stronger in prior months than

There are three basic stories that employment data have been telling us in the last few months. The October numbers, released Friday, confirm two of them and undermine the third. The first story: Jobs are plentiful and unemployment low. Most everyone who wants a job can find one. While the unemployment rate ticked up in

U.S. construction spending rose 0.5% in September, boosted by government and private residential projects. Private residential construction spending increased 0.6%, the third straight month of gains following declines in April, May and June. Spending on single family home construction rose 1.3%, more than enough to offset the 0.7% drop in apartments and multi-family home building.

U.S. employers added a solid 128,000 jobs in October, a figure that was held down by a now-settled strike against General Motors that caused tens of thousands of workers to be temporarily counted as unemployed. Interested in Jobs Report? Add Jobs Report as an interest to stay up to date on the latest Jobs Report

Some employers offer their workers help with sorting out repayment options through loan navigator tools from start-ups like Summer and Savi. And more employers are even offering direct financial help with student loans as a workplace benefit, although it’s not widespread yet. Eight percent of employers offered student debt assistance in 2019, up from 4

Exxon Mobil’s profit tumbled with crude prices down about 15% from where they were last year, though a $300 million boost from a tax-related item helped. Exxon Mobil Corp. on Friday reported net income of $3.17 billion, or 75 cents per share. Those per-share earnings were 68 cents if one-time benefits are removed, topping expectations

Lockups and larger returns In exchange for higher expected returns on that private investment, investors agree to leave their money in a fund for a number of years, typically five to 15, but sometimes longer. During that period, known as the lockup, investors do not have access to their money. Depending on the type of

The General Motors strike will cast a shadow over the coming jobs report. But the outlook was darkening even without it. The Labor Department will release its monthly estimate of hiring, unemployment and wage growth at 8:30 a.m. Friday. Economists surveyed by Bloomberg expect the report to show that employers added about 85,000 jobs in

Asian shares were mixed on Friday after investors were spooked by a report that cast doubt on the prospects of a long-term U.S-China trade deal. Hong Kong’s Hang Seng rose 0.4% to 27,020.20 and the Shanghai Composite jumped 0.7% to 2,950.47. In South Korea the Kospi climbed 0.5% to 2,093.34. In Australia, the S&P ASX/200