• Yahoo News UK

    Will Sunak still be Conservative leader for the next general election?

    Amid dire poll ratings, there has long been speculation that disgruntled Tory MPs would move against Sunak in the event of poor local election results.

  • The Canadian Press

    Stock market today: Wall Street surges as key report shows pullback in hiring

    NEW YORK (AP) — Wall Street opened sharply higher, erasing its losses for the week, after the government reported a cooldown in hiring last month. For markets that was a welcome sign that the Federal Reserve’s efforts to fight inflation by slowing the economy with high interest rates might be making some progress. The S&P 500 rose 1% in early trading Friday. The Dow Jones Industrial Average added 445 points, and the Nasdaq composite climbed 1.7%. U.S. employers added 175,000 jobs last month, dow

  • Yahoo Finance Video

    US on a 'two-track labor market' for skilled work: Economist

    The US Bureau of Labor Statistics' jobs report revealed that the US economy added 175,000 jobs in April, below expectations of 240,000, with annual wage growth also below expectations at 3.9%. Although numbers came in below expectations, some sectors fared better than others when adding jobs and increasing wages. Glassdoor Chief Economist Aaron Terrazas joins The Morning Brief to give insight into the April jobs report and how it paints a picture of the current job market landscape. Terrazas elaborates on the type of companies that are hiring and where wages stand: "They're two very different groups of companies right now. Companies that hire kind of workers with graduate degrees, they have pulled back on hiring, pulled back on wages. Whereas, again, for front line service, until perhaps this month, hospitality, leisure, construction, all of those were still going very fast." He continues with: "When you look at the time that workers stay unemployed after a layoff, it has been flat, below pre-pandemic levels for workers with less than a college degree. It's been basically flat for workers with exactly a bachelor's degree. It has been skyrocketing for workers with a graduate degree. This is kind of an inverse labor market compared [to] most of what we've seen the past 20 years." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino