US Employment Rate

Spot gold fell 1.1 per cent to $2,615.50 per ounce by 12:19 p.m. ET (1619 GMT), falling for the fifth-straight session and moving further from the Sept. 26 record peak of $2,685.42

Hiring by America's employers picked up a bit in August from July's sluggish pace, and the unemployment rate dipped for the first time since March in a sign that the job market may be cooling but remains sturdy. Employers added 142,000 jobs last month, up from a scant 89,000 in July, the Labour Department said on Friday. The unemployment rate ticked down to 4.2 per cent from 4.3 per cent in July, which had been the highest level in nearly three years. Collectively, Friday's figures depict a job market slowing under the pressure of high interest rates but still growing. Many employers are responding to the resilience of consumers, who stepped up their spending in July, even after adjusting for inflation. With inflation falling steadily back to the Federal Reserve's 2 per cent target, the Fed is preparing to cut its key interest rate from a 23-year high. Friday's mixed report on the job market raises the question of how large a cut the Fed will announce after it meets September 17-18.

ISM's measure of services employment increased to 51.1 - growing for the first time since January - from 46.1 in June, second-largest in more than three years

The employment report also showed increase in annual wages last month was smallest in more than three years, effectively sealing the case for the U.S. central bank to cut interest rates in September

The Fed last week left its benchmark overnight interest rate unchanged in the current 5.25%-5.50% range, where it has been since July

The best company to work for was management consultant Bain & Co., followed by chipmaker Nvidia Corp., whose products underpin the booming artificial intelligence field

More Americans filed for jobless claims last week, but the labour market remains broadly healthy in the face of retreating inflation and elevated interest rates. Applications for unemployment benefits rose by 13,000 to 231,000 for the week ending November 11, the Labor Department reported Thursday. That's the most in three months. Jobless claim applications are seen as representative of the number of layoffs in a given week. The four-week moving average of claims, a less volatile measure, rose by 7,750 to 220,250. Overall, 1.87 million people were collecting unemployment benefits the week that ended Nov. 4, about 32,000 more than the previous week and the most since March. Analysts suggest that those so-called continuing claims, are steadily rising because many of those who are already unemployed may now be having a harder time finding new work. Still, the American labour market continues to show resiliency in the midst of the Federal Reserve's campaign to get inflation back down

US employers added more jobs than expected in October while wages rose firmly, underscoring the resilience of the labor market despite the Federal Reserve's aggressive efforts to cool it down.

Private payrolls increase 475,000 in February; January data revised higher to show gain instead of loss

More Americans applied for employment benefits last week following three straight weeks of declines.

The 199,000 increase in nonfarm payrolls last month followed upward revisions in the prior two months, a Labor Department report showed Friday.

Stocks looked set to hold most of the previous session's gains as investors welcomed the US Senate's temporary lifting of the debt ceiling

The stronger pace of hiring indicates that companies had greater success filling open positions after enhanced federal unemployment benefits ended on Sept 6

President Joe Biden is pushing the U.S. Congress to pass a $1.9 trillion recovery plan, which has been met with resistance from mostly Republican lawmakers

US employers added 638,000 jobs in October and the unemployment rate dropped to 6.9%, as the nation's coronavirus-ravaged labour market continues to slowly recover, the Labour Department reported

Ten respondents said the Fed's projections were "too pessimistic" and only five said "too optimistic

Trump said the US unemployment rate had dropped to 13.3%

Some Republicans fear voters are simply worn out by Trump. People are just so disgusted with how things are

Some of the jobs gains reported for May could be a reflection of the Paycheck Protection Program

Says slain African-American George Floyd might be pleased by report, which shows over 2.5 mn jobs were added in May amid Covid-19, and predicts the battered economy will recover all jobs by next year