President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Despite some recent disappointing jobs numbers recently, companies in the third quarter are expected to hire at a pace not seen in 13 years, according to a survey Tuesday from ManpowerGroup.
Overall, 21% of employers say they'll be adding to payrolls in the July-to-September period, the workforce solutions group said in its quarterly look at employment trends.
That number is 2 percentage points better than the April-to-June period and 3 points above the level a year ago.
Geographically, the Midwest reported its best outlook in 18 years, with 21% of companies saying they expect to add to employment rolls thanks to growth in leisure and hospitality and construction. The West had the strongest projections overall, with 22% forecasting growth, while the South reported 19% seeing an increase and 19% of Northeast companies expect to accelerate.
Charlotte, North Carolina, looks to be the most active metro area, with a net 37% of companies planning to hire more. Grand Rapids, Michigan, was second at 36%, and Madison, Wisconsin, third with 34%. New York was last among major metro areas, with just a net 8% of firms looking to add workers.
Professional and business services is expected to be the most active industry, with a 28% growth rate, followed by leisure and hospitality (27%) and transportation and utilities (24%).
The growth in hiring comes at a time when other jobs numbers haven't been as encouraging.
Nonfarm payrolls growth in May came in at 75,000, much less than economists had been projecting and part of an overall slowing trend that has seen monthly gains in 2019 average 164,000 compared with 223,000 a year ago.
However, evidence remains that there is still substantial slack left in the market.
Job openings continue to vastly outnumber the unemployed, with April showing a gap of more than 1.6 million as companies continue to struggle to find workers with adequate training for the types of positions that are open. The skills gap is likely to remain an issue for the labor market, though employers have been shifting strategy to try to find the right hires.
The unemployment rate also remains at 3.6%, its lowest level in nearly 50 years.
"With such strong competition for talent, skilled workers are choosing when, where and how they work," Becky Frankiewicz, president of ManpowerGroup North America, said in a statement. "To find and retain top talent, the best companies are offering holistic benefits packages with accelerated training programs and opportunities to learn, earn more and move up so employees have the skills for jobs today and tomorrow."
The Manpower U.S. survey entailed more than 11,500 employers across all 50 states along with the District of Columbia and Puerto Rico.
A global survey also found solid hiring trends, with Japan a leader among countries while all four of Europe's largest economies — the U.K., France, Germany and Italy — also projected growth. In emerging markets, Croatia, Greece and Slovenia had the strongest outlooks.