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BusinessQuiet 12d · day 13

Jobs Report Could Keep Fed on Track for Another Rate Hike

A rebound in US employment data this week may reinforce the case for the Federal Reserve to raise rates again.

newest coverage 12d agosummary written 12d ago11 pieces36 likes & upvotes53 comments MastodonNewswiresHacker NewsGoogle News

What to know

  • A heavy slate of US economic data this week culminates in Friday's BLS monthly jobs report.
  • A pickup in job growth could reinforce the case for the Federal Reserve to raise interest rates again.
  • The story is primarily a market-moving data preview rather than a confirmed policy decision.

Federal Reserve US central bankBureau of Labor Statistics Data providerMatthew Boesler and Craig Stirling Bloomberg Economics reporters

How it unfolded 3 developments, newest first · click a bar or a number to jump articlesposts

Peak 5 pieces in 3h at Nov 1, 2 PM; 11 pieces over 13 days (4 articles · 2 posts · 5 comments) Oct 31, 3 PM — 2 pieces · 1 article · 1 post — Mastodon 1, Newswires 1Oct 31, 6 PM — quietOct 31, 9 PM — quietNov 1, 12 AM — quietNov 1, 2 AM — quietNov 1, 5 AM — quietNov 1, 8 AM — 2 pieces · 2 articles — Google News 2Nov 1, 11 AM — 2 pieces · 1 article · 1 post — Hacker News 1, Newswires 1Nov 1, 2 PM — 5 pieces · 5 comments — Hacker News 5Nov 1, 5 PM — quietNov 1, 8 PM — quietNov 1, 11 PM — quietNov 2, 2 AM — quietNov 2, 5 AM — quietNov 2, 8 AM — quietNov 2, 11 AM — quietNov 2, 2 PM — quietNov 2, 5 PM — quietNov 2, 8 PM — quietNov 2, 11 PM — quietNov 3, 2 AM — quietNov 3, 5 AM — quietNov 3, 8 AM — quietNov 3, 11 AM — quietNov 3, 2 PM — quietNov 3, 5 PM — quietNov 3, 8 PM — quietNov 3, 11 PM — quietNov 4, 2 AM — quietNov 4, 5 AM — quietNov 4, 8 AM — quietNov 4, 11 AM — quietNov 4, 2 PM — quietNov 4, 5 PM — quietNov 4, 8 PM — quietNov 4, 11 PM — quietNov 5, 2 AM — quietNov 5, 5 AM — quietNov 5, 8 AM — quietNov 5, 11 AM — quietNov 5, 2 PM — quietNov 5, 5 PM — quietNov 5, 8 PM — quietNov 5, 11 PM — quietNov 6, 2 AM — quietNov 6, 5 AM — quietNov 6, 8 AM — quietNov 6, 11 AM — quietNov 6, 2 PM — quietNov 6, 5 PM — quietNov 6, 8 PM — quietNov 6, 11 PM — quietNov 7, 2 AM — quietNov 7, 5 AM — quietNov 7, 8 AM — quietNov 7, 11 AM — quietNov 7, 2 PM — quietNov 7, 5 PM — quietNov 7, 8 PM — quietNov 7, 11 PM — quietNov 8, 2 AM — quietNov 8, 5 AM — quietNov 8, 8 AM — quietNov 8, 11 AM — quietNov 8, 2 PM — quietNov 8, 5 PM — quietNov 8, 8 PM — quietNov 8, 11 PM — quietNov 9, 2 AM — quietNov 9, 5 AM — quietNov 9, 8 AM — quietNov 9, 11 AM — quietNov 9, 2 PM — quietNov 9, 5 PM — quietNov 9, 8 PM — quietNov 9, 11 PM — quietNov 10, 2 AM — quietNov 10, 5 AM — quietNov 10, 8 AM — quietNov 10, 11 AM — quietNov 10, 2 PM — quietNov 10, 5 PM — quietNov 10, 8 PM — quietNov 10, 11 PM — quietNov 11, 2 AM — quietNov 11, 5 AM — quietNov 11, 8 AM — quietNov 11, 11 AM — quietNov 11, 2 PM — quietNov 11, 5 PM — quietNov 11, 8 PM — quietNov 11, 11 PM — quietYesterday, 2 AM — quietYesterday, 5 AM — quietYesterday, 8 AM — quietYesterday, 11 AM — quietYesterday, 2 PM — quietYesterday, 5 PM — quietYesterday, 8 PM — quietYesterday, 11 PM — quietToday, 2 AM — quietToday, 5 AM — quietToday, 8 AM — quietToday, 11 AM — quietToday, 2 PM — quietToday, 5 PM — quietToday, 8 PM — quiet 12–3
Nov 1Nov 2Nov 3Nov 4Nov 5Nov 6Nov 7Nov 8Nov 9Nov 10Nov 11yesterdaynow · 9:55 PM ET
  1. 3

    Story picked up on Hacker News front page

    The Bloomberg piece reaches Hacker News's front page, drawing a modest score and a handful of comments as the jobs report nears.

    • And yet the average number of weeks spent unemployed is going up: https://fred.stlouisfed.org/series/UEMPMEANThe unemployment rate today is divorced from the reality of how hard it actually is to get a job. Before 2009, †he average unemployed person spent less time unemployed before their next job at a 10% unemployment rate, than the average…

      noahbpHacker News12d agoview on Hacker News ↗
    2 more of the top 3 · 5 posts in this stretch

    • The initial report is not worth responding to since the error rate is so high, +/- 122,000.What you're reading in this Bloomberg report is an expectation of an employment gain of -57,000 to +187,000.

      readthenotes1Hacker News12d agoview on Hacker News ↗

    • Interesting (pun intended) to me that apparently everyone wants to talk about the rate speculation, rather than about the finding that jobs are picking up in spite of AI.

      zahlmanHacker News12d agoview on Hacker News ↗
    all of them →
  2. 2

    Coverage reframes story around rebounding job growth odds

    A secondary headline circulating via Google News emphasizes that job growth is seen rebounding, which would boost the odds of another Fed rate hike.

    1. 1 outlet U.S. Job Growth Seen Rebounding, Boosting Odds of Another Fed Rate Hike

      first by bloomingbit, 12d ago

  3. 1

    Bloomberg flags jobs week as test for Fed rate path

    Bloomberg Economics previews a heavy week of US data culminating in Friday's BLS monthly employment report, framing it as pivotal for whether the Fed continues hiking rates.

    “Jobs week lies ahead for the US, which means a heavy slate of data ahead of the capstone monthly employment report from the Bureau of Labor Statistics on Friday.”
    — Bloomberg Economics

Also covered reported alongside — the timeline has no entry for these yet

  1. 2 outlets US Jobs Pickup May Keep Fed on Track to Hike Rates Again

    first by HN Frontpage, 12d ago · also Bloomberg Economics

What people are saying 1 voices from 1 site · best of 5 · verbatim