Page 3 - Us Jobs

Dollar jumps on strong US employment data; yen rebounds dramatically

The dollar was last up 0.65% against the euro at $1.0536, and up 0.91% against the Japanese yen at 133.81

Global shares rise as sentiments get boost from Federal Reserve, US jobs

Global shares mostly rose Thursday following a rally on Wall Street as investors assessed minutes from the Federal Reserve's latest meeting of policymakers and welcomed encouraging data on US jobs. France's CAC 40 lost 0.6 per cent to 6,736.01 in early trading, while Germany's DAX fell 0.4 per cent to 14,438.94. Britain's FTSE 100 edged up 0.1 per cent to 7,595.23. US shares were set to drift higher with Dow futures up 0.3 per cent to 33,389.00. S&P 500 futures rose 0.5 per cent to 33,389.00. Worries over China's economic slowdown were weighing on Asian regional sentiment. Japan's benchmark Nikkei 225 rose 0.4 per cent to finish at 25,820.80. Australia's S&P/ASX 200 edged up nearly 0.1 per cent to 7,063.60. South Korea's Kospi added 0.4 per cent to 2,264.65. Hong Kong's Hang Seng jumped 1.3 per cent to 21,052.17, while the Shanghai Composite gained 1.0 per cent to 3,155.22. India's Sensex declined 1 per cent. Widespread COVID-19 cases in China have added to gloom over a ...

Gold slips from near 7-month peak as caution sets in before US jobs data

Market focus now turns to the ADP National Employment Report due at 1315 GMT, followed by the U.S. Labor Department's nonfarm payrolls (NFP) data on Friday

Sensex, Nifty snap eight-day winning streak ahead of US jobs data

Both shed 0.6% but end in green for second straight week; Broader markets play catch-up

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.

Dollar takes breather on China reopening hopes, US jobs data in focus

In contrast, Friday data showed euro zone business activity contracted last month at the fastest pace since late 2020

US hiring slowed in August as employers add 315,000 jobs amid weak economy

America's employers slowed their hiring in August in the face of rising interest rates, high inflation and sluggish consumer spending, all of which have weakened the outlook for the economy. The government reported on Friday that the economy added 315,000 jobs last month, down from 526,000 in July and below the average gain of the previous three months. The unemployment rate rose to 3.7 per cent, from a half-century low of 3.5 per cent in July, as more Americans came off the sidelines to look for jobs and didn't find work immediately. The smaller August gain will likely be welcomed by the Federal Reserve. The Fed is rapidly raising interest rates to try to cool hiring and wage growth, which have been consistently strong. Businesses typically pass the cost of higher wages on to their customers through higher prices, thereby fuelling inflation. Fed officials hope that by raising borrowing costs across the economy, they can reduce inflation from a near-40-year high. Some economists

US job growth stronger than expected as economy adds 372,000 jobs

Jobs were also added in health care and professional and business services

US recession imminent and inevitable? Not if the Fed can thread the needle

"I still think we're going to navigate through without a recession. But obviously it's going to be very, very tight because risks are very high," Moody's Mark Zandi said

Solid US job growth anticipated in May; unemployment rate seen at 3.5%

The Labor Department's closely watched employment report on Friday, also expected to show strong wage gains last month

Gold prices fall 1% after strong US jobs data, firmer dollar

Spot gold XAU= fell 0.7% to $1,924.16 per ounce by 10:44 a.m. ET (1444) GMT. U.S. gold futures GCv1 dropped 1.3% to $1,928.00

US added 431,000 jobs in March in sign of economic health

As the pandemic has eased, consumers have been broadening their spending beyond goods to services

US unemployment slightly dips to 3.8% in Feb as Covid surge fades

Over the past 12 months, average hourly earnings have increased by 5.1 per cent.

Asian stock markets slip as US jobs stunner hammers bonds

Geopolitics also remained a worry as the White House warned Russia could invade Ukraine any day and French President Emmanuel Macron prepared for a trip to Moscow

US: Surging omicron infections and worker shortage likely hurt hiring

Last month's huge wave of omicron infections is thought to have weakened hiring in January, though the pullback is considered all but sure to prove a temporary one.

Dollar suffers biggest drop in six weeks after US jobs growth report

The dollar index fell 0.546% at 95.734, and was poised for its biggest drop since Nov. 26, when concerns about the Omicron COVID-19 variant began to rattle markets

US companies add most jobs in seven months amid record openings: ADP data

The larger-than-expected payrolls gain could indicate that employers had more success hiring in December as higher wages and attractive working terms lured people off the sidelines

Dollar hits more-than 1-year high after US jobs data; sterling tumbles

Nonfarm payrolls increased by 531,000 jobs last month as the surge in COVID-19 infections over the summer subsided

China shares slip after Party's party, others firm ahead of US jobs data

Chinese shares dropped on Friday, a day after China's Communist Party celebrated its centenary, while other regional markets held firm following Wall Street's ascent to record highs

Asian stocks fall for second day as investors look ahead to US jobs data

Asian stock markets declined for a second day Tuesday as investors looked ahead to US employment data for indications of possible inflation pressures. Market benchmarks in Shanghai, Tokyo and Hong Kong retreated. Overnight, Wall Street's benchmark S&P 500 index rose 0.2% to a record as gains for Facebook, Nvidia and other tech stocks offset losses for other industries. Investors are swinging between optimism about a global economic recovery underpinned by coronavirus vaccinations and worry that central banks might feel pressure to withdraw stimulus to cool rising inflation pressures. Traders are watching US jobs data due out Friday for signs of whether the labor market will start to show initial signs of heating, Anderson Alves of ActivTrades said in a report. The Federal Reserve says it believes a rise in prices of oil and other commodities is temporary, but wage increases can be more lasting. Also Tuesday, the World Bank raised its forecast of China's economic growth this year