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Employers added 254,000 jobs in September, blowing away forecasts and reversing a slowdown in hiring that had prompted the Federal Reserve to make a jumbo rate cut at its meeting last month.Economists had forecast 140,000 ne
stanley cup w jobs, according to financial data provider FactSet.The unemployment rate inched down to 4.1%, versus 4.2% in the prior month. The employment report marks the second-to-last reading on the labor market before the Federal Reserve s November 7 rate deci
stanley cup sion meeting, when the central bank is expecte
stanley cup d to once again cut its benchmark rate. The Fed last month made a jumbo cut, its first rate reduction in four years, in the face of weakness in hiring and a cooling economy.But September s surprisingly strong hiring suggests that the U.S. could be headed for a so-called soft landing, with the Fed s prior rate hikes having helped to cool the economy while skirting a recession, experts said. Today s data hit a grand slam with payrolls coming in strong, positive revisions and unemployment falling, noted Lindsay Rosner, head of multisector investing within Goldman Sachs Asset Management, in an email. The economy is heading into the post-season solidly. Stocks gained on the blow-out employment data, with both the Dow Jones Industrial Average and the SP 500 rising 0.4% in early Friday trading. The tech-heavy Nasdaq composite index rose 0.5%.What does the jobs report mean for a Fed rate cut The strong data could giv Rfic Sick to my stomach : Mayor calls California synagogue shooting an affront to humanity
When CBS Sunday Morning national correspondent Rita Braver first started her career, she said she wanted to work for a newspaper but was told she didn t have enough experience. So she decided to look for a job in television or radio. Braver told CBS News Paula Reid she met a news director and begged for a job. I went home and I wrote them one of
ugg those letters that you write to people and finally he called a week later and said, Yeah, you can have the job. We can t find a guy who s going to take it for the money we re gonna pay, Braver said. Rita Braver CBS News At the time, Braver said she was so excited to get the job, she didn t care. Many women got their foot in the door by taking the worst jobs, or taking lower pay, she said. By 1972, Braver joined the Washington Bureau at CBS News as a news desk editor. Her first day at CBS was the day presidential candidate George Wallace was shot. She would go on to become the first female producer for the CBS Evening News in Washington and the first female law corresponden
af1 t. She covered the Supreme Court and eventually the White House. Every time one of us got one of those jobs, it was kind of a click mdash; that yes, this was a good thing, Braver said.CBS News Elizabeth Palmer on lessons learned as a woman at warCBS News Lesley Stahl: We wanted to prove we could d
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