US Job Gains

The number of job postings in the United States rebounded in October from a 3 1/2 year low in September, a sign that businesses are still seeking workers even though hiring has cooled. Openings rose 5% to 7.7 million from 7.4 million in September, the Labour Department said Tuesday. The increase suggests that job gains could pick up in the coming months. Still, the latest figure is down significantly from 8.7 million job postings a year ago. Last month, job openings rose sharply in professional and business services, a category that includes engineers, managers, and accountants, as well as in the restaurant and hotel and information technology industries. The number of people quitting their jobs rose in October, a sign of confidence in the job market. And layoffs tumbled to just 1.6 million below the lowest figures in the two decades that preceded the 2020 pandemic. Taken as a whole, Tuesday's figures suggest that the job market might be stabilising at a modest level, with hiring

Average hourly earnings are projected to climb 4.1 per cent from the same month last year, the smallest annual advance since mid-2021

The S&P index recorded two new 52-week highs and 49 new lows, while the Nasdaq recorded 12 new highs and 148 new lows.

The S&P index recorded two new 52-week highs and 49 new lows, while the Nasdaq recorded 12 new highs and 148 new lows.

Asian stocks were mixed on Monday after strong US jobs data cleared the way for more interest rate hikes and China reported its exports rose by double digits. Shanghai and Tokyo advanced while Hong Kong and Seoul retreated. Oil prices edged higher. Wall Street's benchmark S&P 500 lost 0.2 per cent on Friday after government data showed American employers added more jobs than expected in June. That undercut expectations a slowing economy might prompt the Fed to postpone or scale back plans for more rate hikes to cool inflation. Now it seems they will be debating whether they need to be even more aggressive, Edward Moya of Oanda said in a report. The Shanghai Composite Index shed less than 0.1 per cent to 3,226.04 after China's July exports rose 18 per cent, beating forecasts. The Hang Seng in Hong Kong fell 0.7 per cent to 20,055.39 while the Nikkei 225 in Tokyo gained 0.2 per cent to 28,241.09. The Kospi in Seoul declined 0.3 per cent to 2,482.32 and Sydney's S&P-ASX 200 shed .

U.S. employers added a robust 678,000 jobs in February, another gain that underscored the economy's solid health as the omicron wave fades

US employers added a burst of 467,000 jobs in January despite a wave of omicron inflections that sickened millions of workers

US job growth likely accelerated in October as the headwind from the surge in COVID-19 infections over the summer subsided

Blue chip and key technology stocks on Wall Street hit record highs on Monday as investors bet on outsized US jobs gains for June even as falling oil prices dragged down the broader stock market.The S & P 500 index, which groups the top 500 stocks on the New York Stock Exchange, raced to an all-time high of 4,292 before closing at 4,290, up 0.2 percent on the day.The Nasdaq Composite index, which includes high-flying tech stocks such as Facebook, Amazon, Apple, Microsoft, Netflix and Google, hit an all-time high of 14,505, before settling at 14,500, up almost 1.0 percent.However, the Dow Jones Industrial Average, the broadest US equity barometer on the New York Stock Exchange, fell on the day and finished down 0.4 percent at 34,283.The S & P500 and Nasdaq jumped as investors bet that the US non-farm payrolls report for June, due on Friday, are expected to show a gain of 690,000 jobs versus May's 559,000.The Dow fell as oil prices had their first meaningful drop in a week on ...

Nonfarm payrolls increased by 661,000 following an upwardly revised 1.49 million advance in August, according to data Friday from the Labor Department

Nonfarm payrolls increased by 103,000 last month as construction and retail sectors shed jobs, the Labor Department said on Friday