Markets

US jobs report beats big as wages grow at their fastest pace since 2009

US employers added more nonfarm payrolls than expected in October and the unemployment rate held at its lowest level since 1969, according to the jobs report released Friday. Average hourly earnings posted their biggest year-over-year increase since 2009, partly because wage growth was very weak in October 2017. The jobs […]
US jobs report beats big as wages grow at their fastest pace since 2009
Markets

US unemployment rate falls to lowest level since 1969

The US unemployment rate in September fell to 3.7%, its lowest level since December 1969. Employers added fewer nonfarm positions than expected as Hurricane Florence caused job losses in restaurants and bars. Wages increased in line with forecasts. The US unemployment rate fell to a 48-year low in September even […]
US unemployment rate falls to lowest level since 1969
News

There’s a simple way to tell the US job market is not as strong as it appears

US wage growth remains weak given the low level of unemployment, suggesting the job market still has room for improvement. “The definition of full employment is low- and moderate-wage workers actually get raises,” said Josh Bivens, director of research at the Economic Policy Institute. “We are not at full employment […]
There’s a simple way to tell the US job market is not as strong as it appears
Tech

Google is gaining major ground on Amazon in the smart speaker market

Since snagging an early lead in the smart speaker market with the Echo product lineup, Amazon has maintained its dominance through the second quarter of this year – but it has less breathing room than ever. As this chart from Statista shows, Amazon is credited with shipping 41% of the […]
Google is gaining major ground on Amazon in the smart speaker market
Tech

Instagram added more new users last year than Snapchat has in total

Snapchat and Twitter are falling well behind the Facebook behemoth, in terms of user growth. Each app in the Facebook empire – comprised of Instagram, WhatsApp, and the core Facebook app itself – added more new users in the past year than Snapchat’s total user count of 188 million. As […]
Instagram added more new users last year than Snapchat has in total