Us Employment Rate

Gold prices fall over 1% as employment data lowers expectations of rate cut

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

US hiring rebounds slightly, unemployment rate dips amid slowing job market

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.

US service sector rebounds in July, employment market also recovers

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

US unemployment rate hits 4.3% in July as job growth slows considerably

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

US weekly jobless claims increase more than expected as labor market eases

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

Apple returns to list of top US employers as other tech firms lose appeal

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

US applications for jobless claims rise in a 'very healthy' labour market

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 jobs top forecasts, wages pick up in labor market despite Fed aggression

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.

US private payrolls increase in February; January revised sharply higher

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

Weekly US jobless claims rise to 248,000 for the first time in a month

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

US employment growth misses expectations; unemployment rate falls to 3.9%

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

Stocks nudge higher after US employment growth slows sharply in September

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

US private sector adds most jobs in 3 months, shows ADP data

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

US employment growth likely rebounded; more government money still needed

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 unemployment rate falls to 6.9% as labour market slowly recovers

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

Fed's pandemic era outlook, stance 'about right,' say economists: Poll

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

Donald Trump cites strong US jobs report, says 'great day' for George Floyd

Trump said the US unemployment rate had dropped to 13.3%

No 'silver lining': Donald Trump faces voter backlash amid crises

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

US jobs report surprises analysts, raises hopes of faster economic recovery

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

Trump hails US jobs report as 'greatest comeback in American history'

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