The US added 119,000 jobs in September, in report delayed by the federal shutdown
Unemployment rate hits 4.4%, its highest level since 2021, and the Bureau of Labor Statistics has said no October report will be issued.
The Labor Force Participation Rate increased to 62.4% in September, from 62.3% in August. This is the percentage of the working-age population in the labor force. The Employment-Population ratio was increased to 59.7% from 59.6% in August.
More Americans are job-hugging as switching employers doesn't pay like it used to. With rising layoffs and fewer openings, job changes now bring the smallest relative pay bump in a decade — and workers are sticking where they are.
A majority of households with net worth over $2.2 million rely on financial and property services: 82% use CPA and tax services, and 52% work with a trust and estate attorney. But that heavy spending doesn't necessarily mean they're happy with them. Wealthy Americans seem most happy with services tied to personal and family well-being.
Bitcoin fell to $80,553, and ether hit a four-month low, as cryptocurrencies led a broad flight from riskier assets, spurred by investor worries over lofty tech valuations and uncertainty over near-term U.S. interest rate cuts.
What if you can't sell your investments? What if there's no secondary market for these assets? What's the point of owning 9 square inches of a Basquiat if no one ever buys it? What's the point of having private shares in a company if they keep doing down rounds?
The investor who worries about “next quarter” will sell at any sign of imperfection. Since no company is perfect, it means we always sell winners too soon. More importantly, it's a bad sign whenever you start worrying about “the next quarter” because it proves you don't have enough conviction to look past “the next quarter.”
Here are 10 things we can all learn from Warren Buffett that don't have anything to do with money.
In the 2010s, influencer marketing matured into a global industry. Agencies and digital marketplaces emerged to professionalize influencer-brand matchmaking, and regulators like the Federal Trade Commission started paying more attention to sponsored content. Influencers are now recognized as not only content creators but also as entrepreneurs and cultural producers.
According to the International Labor Organization, the average American clocks 36.4 hours a week, which is higher than workers in the U.K. (35.9), Norway (33.5), and Canada (32.1). But what's really behind this phenomenon?
