Traders widely expect central bankers to cut rates at the conclusion of their two-day meeting September 17
More than 70% of Americans think it’s difficult to find a better job than their current one, according to a recent Harris Poll survey for Bloomberg News
Available positions increased to 7.74 million from a revised 7.51 million reading in December, according to monthly Bureau of Labor Statistics data published Tuesday
The MSCI EM stock index entered a correction after declining by more than 10% from a high in October, reflecting uncertainty over US policies and China’s growth prospects.
Shares in Japan fluctuated, as the yen stabilized after a rally this week, while those in Australia were little changed. Futures for US equities slipped after the S&P 500 ended Thursday lower. Pre-opening trading of Hong Kong securities was shut Friday due to Super Typhoon Yagi
The Labor Department reported that there were 7.7 million open jobs in July, down from 7.9 million in June. The pace of hiring picked up, though, from June to July.
If the worker takes no action within the grace period, they and their dependents may then need to depart the United States within 60 days, or when their authorised validity period ends, whichever is shorter.
While the bond market’s odds of a rate cut in the third quarter have improved, this can literally change to something very different with a single new future data point
Japan remained an outlier as expectations mount that the Bank of Japan (BOJ) could finally exit negative interest rates this month. That lit a fire under the yen and sent domestic bond yields rising.
The yield on benchmark 10-year U.S. Treasury notes hit a near one-month low then steadied as investors adjusted positions before Friday's release of the February U.S. payrolls report.
The world's biggest economy added 216,000 jobs in December 2023.
Spot gold rose 1.1% to $1,981.39 per ounce by 10:11 a.m. ET (1511 GMT). U.S. gold futures up over 1% to $1,984.60.
Applications for unemployment benefits rose by 13,000 to 231,000 for the week ending Nov. 11, the Labor Department reported Thursday. That's the most in three months.
Spot gold ticked up 0.4% to $1,992.49 per ounce by 1:05 p.m. ET (1705 GMT), after hitting a session high of $2,003.69. U.S. gold futures rose 0.3% to $2,000.10.
The world's biggest economy added 150,000 jobs last month, less than analysts expected and down from a revised 297,000 in September.
The hiring figure came in below the median expectation of 240,000 new jobs in a survey of economists
America’s economy is not experiencing the drastic slowdown that many analysts had expected in light of the Federal Reserve’s 15-month, often aggressive campaign to hit the brakes on growth and bring rapid inflation under control.
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.
The latest ADP figures showed that job gains slowed to 278,000 last month, more than analysts expected though still down from the revised 291,000 figure in April.
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.
Following last month’s banking crisis, investors have become more convinced the Federal Reserve will cut rates in the second half to ward off an economic downturn
The country added 236,000 jobs in March, slightly less than expected, while the unemployment rate inched down to 3.5 percent, the Labour Department said.
The US added 236,000 jobs in March just beating estimates. Wall street will acknowledge the same report once the markets open.
Asia trade was thinned by holidays in Hong Kong and China, leaving MSCI's Asia-Pacific index excluding Japan faring little better than flat, while Japan's Nikkei fell 1%.
Jobless claims in the U.S. for the week ending March 18 fell by 1,000 to 191,000 from the previous week, the Labor Department said Thursday.