U.S. stocks trimmed sharp losses seen early Friday after a much stronger than expected reading on July employment reinforced expectations for the Federal Reserve to keep aggressively raising interest rates Read more
Tag: unemployment figures
‘A clear sign that the U.S. economy is not in a recession’: Economists react to blowout July jobs report
The July jobs report on Friday showed the U.S. economy gained 528,000 jobs last month, with the unemployment rate falling to 3.5% from 3.6%. Economists polled by The Wall Street Read more
U.S. stock futures turn lower after much stronger-than-expected jobs report reinforces Fed rate hike expectations
U.S. stock-index futures turned lower Friday morning after a much stronger than expected reading on July employment reinforced expectations for the Federal Reserve to keep aggressively raising interest rates in Read more
Jobs shocker: U.S. adds 528,000 jobs in July and unemployment falls to pre-pandemic levels
The numbers The U.S. added a surprisingly strong 528,000 new jobs in July and the unemployment rate fell to pre-pandemic levels in a muscle-flexing display for the economy, but the Read more
Coming up: U.S. jobs report for July
The U.S. is forecast to add 258,000 new jobs in July, according to economists polled by The Wall Street Journal. The unemployment rate is expected to stay at 3.6%. Wages Read more
Treasury yields surge after blockbuster U.S. July jobs figures
Treasury yields jumped sharply Friday after a much stronger than expected U.S. July jobs report stoked expectations the Federal Reserve will continue aggressively raising interest rates to contain inflation. What Read more
RBA cuts GDP, unemployment forecasts and ramps up inflation expectations
SYDNEY — The Reserve Bank of Australia has lowered its 2022 unemployment forecast, highlighting the continued momentum of the resource-rich economy despite rapidly rising interest rates and a jump in Read more
U.S. unemployment claims climb to 260,000 and stick near nine-month high
The numbers: Some 260,000 people applied for unemployment benefits at the end of July, keeping jobless claims near a nine-month high and signaling a softening in the U.S. labor market Read more
Treasury yields decline as investors await U.S. jobs data
Treasury yields moved lower Thursday as investors awaited weekly U.S. jobs data and assessed remarks by Federal Reserve officials on the probable size of future interest rate hikes. What yields Read more
Hiring slowdown? U.S. seen adding just 258,000 jobs in July
Scattered reports of layoffs, declining job openings and a softening economy all point to a slowdown in hiring. And that’s why the number of new jobs created in July is Read more