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US hiring rebounds, but rising unemployment keeps Fed rate cut alive

Nonfarm payrolls rose 227,000 last month following an upwardly revised 36,000 gain in October according to Bureau of Labor Statistics figures released Friday

US hiring rebounds, but rising unemployment keeps Fed rate cut alive
Updated On : 06 Dec 2024 | 9:46 PM IST

Janet Yellen sees disinflation pressures at work as hiring surge fades

The improvement in US inflation trends has contrasted with suggestions of outright deflationary risks in China

Janet Yellen sees disinflation pressures at work as hiring surge fades
Updated On : 18 Jul 2023 | 5:00 PM IST

Global stock markets advance after strong US hiring, OPEC oil cuts

Global stock markets advanced on Thursday after strong US hiring dampened hopes the Federal Reserve might ease off plans for interest rate hikes and the OPEC group of oil exporters agreed to output cuts to shore up prices. London, Frankfurt and Tokyo gained. Hong Kong declined. Mainland Chinese markets were closed for a holiday. Oil prices rose. The euro edged higher but stayed below USD 1. Wall Street futures edged lower after US stocks fell on Wednesday following a report by payroll processor ADP that employers added 208,000 jobs in September. That showed parts of the economy are still strong, giving ammunition to Fed officials who say more rate hikes are needed to cool inflation that is at a four-decade high. The economy is too strong for the Fed to pivot. The strong start to October is over, said Edward Moya of Oanda in a report. In early trading, London's FTSE 100 was up less than 0.1 per cent at 7,059.11. The DAX in Frankfurt gained 0.7 per cent to 12,610.37 and the CAC 40 i

Global stock markets advance after strong US hiring, OPEC oil cuts
Updated On : 06 Oct 2022 | 3:45 PM IST

US hiring may have rebounded last month before omicron surge

One reason for optimism about the jobs data the government will issue Friday morning is that it wasn't likely affected much by the omicron wave

US hiring may have rebounded last month before omicron surge
Updated On : 07 Jan 2022 | 2:42 PM IST

Amazon sued for alleged race and gender bias in corporate hires

Amazon's lack of racial and gender diversity in its corporate ranks is common throughout the technology industry.

Amazon sued for alleged race and gender bias in corporate hires
Updated On : 03 Mar 2021 | 2:02 AM IST

US job openings increase marginally in December, hiring declines amid Covid

Hiring dropped to 5.54 million from 5.94 million in November

US job openings increase marginally in December, hiring declines amid Covid
Updated On : 09 Feb 2021 | 9:55 PM IST

US job openings, hiring in Sept point to sluggish labour market recovery

The United States is setting daily records for coronavirus cases, which could force state and local governments to impose new restrictions on businesses like restaurants, bars and gyms

US job openings, hiring in Sept point to sluggish labour market recovery
Updated On : 10 Nov 2020 | 11:42 PM IST

Hurricanes hit US hiring in September, services sector resilient

According to ISM, the two storms did cause delays in supply deliveries and a drawdown on inventories

Hurricanes hit US hiring in September, services sector resilient
Updated On : 04 Oct 2017 | 10:45 PM IST