Us Jobs Data

Trump has since picked EJ Antoni, chief economist at the Heritage Foundation, to step into the role

Trump names Heritage’s EJ Antoni to lead US bureau of labor statistics

Trump appointed Antoni, who has been vocal about his concerns with BLS jobs data and revisions, in a Truth Social post. The position is subject to Senate confirmation

Trump fires data chief on bad job news, gets chance to tilt US Fed

Trump fired the head of the Bureau of Labor Statistics, hours after it sent markets tumbling with a report that showed a dramatic slowdown in US hiring

US job growth surges in September; unemployment rate falls to 4.1%

The Fed hiked rates by 525 basis points in 2022 and 2023, and delivered its first rate cut since 2020 last month

US job growth comes up short in possible warning sign for Fed

A Fed survey of regional businesses published Wednesday indicated employers have become more selective in hiring in recent weeks, with some cutting hours and leaving open positions unfilled.

World Street | US jobs data, Eli Lilly's revised forecast, bumper profits for European insurers and more

From China's higher-than-expected spike in consumer prices to Deliveroo, Eli Lilly and Under Armour's strong quarterly numbers and growth forecasts, here's a look at some of the major developments from across the world.

Gold prices poised for best week in 4 months, US jobs data on investors' radar

The yellow metal is on track for its biggest weekly gain since April 5. US gold futures climb 1.1 percent to $2,507.80

Number of Americans applying for jobless benefits inches up, but layoffs remain low

Jobless claims for the week ending May 25 rose by 3,000 to 219,000, up from 216,000 the week before, the Labor Department reported Thursday.

US job growth slows in April; unemployment rate rises to 3.9%

Financial markets continue to expect the central bank to start its easing cycle in September. A minority of economists believe the window is closing. Since March 2022 the Fed has raised its policy rate by 525 basis points.

US job growth beats expectations in March; wages increase steadily

Nonfarm payrolls increased by 303,000 jobs last month, the Labor Department's Bureau of Labor Statistics said in its closely watched employment report on Friday. Data for February was revised slightly lower to show 270,000 jobs added instead of 275,000 as previously reported.

Gold set for third weekly rise, investors brace for US jobs data

Spot gold was up 0.1% at $2,291.20 per ounce, as of 1214 GMT, after hitting a record high of $2,305.04 on Thursday. Bullion has risen 2.6% so far this week.

US job market data bolsters Fed's 'no rush' rate cut view

Meanwhile policymakers continue to look for any signals the labor market is cracking under the pressure of the highest U.S. policy rate in decades. Analysts said they won't find much in Friday's jobs report.

Gold marches higher as US jobs data boosts bets of early rate cut

Spot gold rose 0.7% to $2,173.49 per ounce by 10:42 a.m. ET (1542 GMT), while U.S. gold futures added 0.7% to $2,180.50.

US private sector hiring up more than expected in December

The world's top economy saw private sector employment rise by 164,000 jobs in the final month of 2023, ADP said, significantly above November's revised 101,000 figure.

US unemployment ticks down as hiring accelerates

Although employment appears to be heating up, analysts noted ahead of the report that the underlying state of the labor market has been weakening.

Global stocks and bonds turn cautious before US jobs data

MSCI's broad gauge of world stocks traded flat, heading for a 0.1% weekly loss after five weeks of gains.

US jobs data may be miscounting millions of 'gig' workers, research suggests

It is a significant data gap for economists who, over the last decade, have debated, rehashed, challenged, and revised the longstanding idea that inflation is often driven by low unemployment and the rising wages and spending that follow from it.

S&P 500 ends higher as jobs data fuels rate-hike optimism

The Labor Department's report showed the August unemployment rate rose to 3.8 percent while wage growth slowed. Nonfarm payrolls rose more than expected, though data for July was revised lower to 157,000 job additions

Stocks squeal as borrowing costs return to banking crisis highs

World stocks fell for a third straight day on Thursday, as strong U.S. jobs data bolstered bets on another U.S. interest rate hike this month

US jobless claims surge to 261,000, highest since October 2021

Initial jobless claims rose by 28,000 to 261,000 in the week ended June 3, which included the Memorial Day holiday, a Labor Department report showed Thursday. The increase was the biggest since July 2021.

US labor market cooling; leading indicator flashes recession

Data next week on people receiving benefits after an initial week of aid, a proxy for hiring, will offer more clues on the state of the labor market in April.

Yen weakens as BOJ holds the line, dollar loses steam before payrolls

The yen was last down about 0.15% at 136.36 after a knee-jerk plunge of as much as 0.62% after the BOJ kept policy unchanged in Governor Haruhiko Kuroda's final policy meeting before retirement.

US stocks rise ahead of Fed testimony, jobs data

About 15 minutes into trading, the Dow Jones Industrial Average was up 0.2 percent at 33,465.31.

Key events next week: India IIP, US Jobs, Powell’s testimony, China inflation, and more

Here are the key economic events in India and from around the world to get you started for next week.

Dollar jumps as employers add more jobs than expected in January

The Labor Department's closely watched employment report showed that nonfarm payrolls surged by 517,000 jobs last month.