Private hiring expanded at a brisk pace in May, providing further indication of a stable labor market, ADP reported Wednesday.The payrolls processing firm said companies added 122,000 workers for the month, up from 105,000 in April and better than the Dow Jones consensus estimate for 110,000. May marked the strongest...
Category: Economy
Long-term unemployment is surging in the U.S. There are hidden costs for workers and the economy
Over recent weeks, Parker Taylor reached a grim milestone in his work history.The 29-year-old had been employed consistently since he was a teen, first on a factory floor and most recently in medical sales. But the St. Petersburg, Florida, resident hasn't been able to start a new gig after losing...
The May jobs report will be released Friday. Here’s what to expect
A job seeker visits the recruiting booth for Generali Global Assistance during the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena in Sunrise, Florida, April 30, 2026.Joe Raedle | Getty ImagesThe stronger-than-expected start this year for job creation could be in for a reality check when...
How the ‘double scar’ of past inflation woes and geopolitical shocks amid the Iran war is hitting consumers
A "double scar" of past inflation woes and geopolitical trauma is warping how consumers view the economy and threatening a drop-off in retail spending, new research from the European Central Bank showed.According to ECB researchers, euro area households have become more sensitive to the financial consequences of the Iran war...
Iran war cost: Average U.S. household paying $450 more on gas and energy
Americans have spent nearly $450 extra per household on rising energy costs during the Iran war, according to an analysis shared exclusively with CNBC's Steve Liesman.The average household has shelled out $447.19 for additional fuel-related expenses since the conflict began on Feb. 28, data from Moody's Analytics found. That's cumulatively...