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Nasdaq falls nearly 2% as US stocks battered by Omicron volatility

1 month ago   |   By

TIMOTHY A. CLARY/AFP via Getty Images
US stocks tumbled Friday, dragged by mega-cap tech shares that were battered by the Omicron volatility.
The disappointing November jobs report added an additional layer of uncertainty.
The 10-year Treasury yield slipped to 1.355% from Thursday's 1.447% rate.
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US stocks tumbled Friday, dragged by mega-cap technology shares that were battered by the volatility brought about by the new coronavirus strain this week. The disappointing November jobs report added an additional layer of...
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The dismal November jobs report showed a massive slowdown in hiring at restaurants and hotels

1 month ago   |   By

A person walks by a sign advertising employment at a fast-food restaurant on November 05, 2021 in New York City. Spencer Platt/Getty Images
The November jobs report was by no means a stellar one, with a payroll gain of just 210,000.
Leisure and hospitality gained a paltry 23,000 jobs after a gain of 170,000 the previous month.
People may not be responding to higher wages or bonuses being offered to attract them into the industry.
The employment situation last month wasn't what experts expected. There were only 210,000 nonfarm payroll jobs added in November, coming in below the median...
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There are 10 million jobs open in the US. The problem is that many people's lives are not set up for work right now

1 month ago   |   By

Pedestrians walk by a "Now Hiring" sign outside a store on August 16, 2021 in Arlington, Virginia. Olivier Douliery/AFP/Getty Images 10 million job openings in the US remain unfilled.
The November jobs report showed millions of Americans are not content with economic conditions right now.
Reasons why include low wages, lack of childcare options, and no mandated paid leave.
Even with 10 million job openings in the US, the November jobs report added just 210,000 payrolls , badly missing expectations. The reason could be simple: conditions in the country just aren't good enough for people to...
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