US reports worst jobs growth since December 2020 Economics The US has reported its worst jobs growth since December 2020, as only 12,000 new jobs were added to the economy during September. This was significantly below the 113,000 forecast by analysts, leaving economists describing the numbers as “weak”. However, unemployment held steady at 4.1 per cent, while average hourly earnings rose 0.4 per cent [...]
US Fed rate cut hopes fade: Odds of a June cut fall to 50:50 Economy Investors hoped for big US Federal Reserve interest rate cuts this year, but now it's unclear if even half of what was expected will happen.
US jobs report ‘all over the place’ as unemployment ticks up US unemployment The US economy presented a muddled picture in February, as the economy added 275,000 jobs, above expectations of 200,000, while the country’s unemployment rate increased by 0.2 percentage points to 3.9 per cent. Wage inflation came in at 4.3 per cent on a yearly basis, below market expectations and January’s figure of 4.4 per cent. [...]
Strong US jobs report pushes March rate cut ‘off the table’ February 2, 2024 The US added 350,000 new jobs last month, almost double the expected 180,000, suggesting that the US economy was strong enough that a cut in interest rates in March from the Federal Reserve is now “off the table”. The economy added jobs to almost every sector in January, with professional and business services gaining a [...]
US jobs grow more than expected as wages keep rising, casting doubt on rate cuts January 5, 2024 U.S. employers hired more workers than expected in December while raising wages at a solid clip, casting some doubt on financial market expectations that the Federal Reserve would start cutting interest rates in March. Nonfarm payrolls increased by 216,000 jobs last month, the Labor Department’s Bureau of Labor Statistics said in its closely watched employment report on Friday. [...]
US labour market resilient as traders nervy on interest rate cut bets January 4, 2024 New applications for unemployment benefit fell to its lowest level since October last week, the US Department for Labor reported today.
US economy: Third-quarter growth revised up to 5.2 per cent – but momentum waned November 29, 2023 The economy grew at a 2.1 per cent pace in the April-June quarter and is expanding at a pace well above what Federal Reserve officials regard as the non-inflationary growth rate of around 1.8 per cent.
Sterling climbs to three-week high on interest rate call and US job slowdown November 3, 2023 Sterling picked up ground against the dollar also after data showing U.S. job growth slowed more than expected in October
US labour market resilient as another ‘hawkish’ Fed rate pause looks nailed on November 1, 2023 The US labour market remains resilient despite the US Federal Reserve’s aggressive bout of monetary tightening, new figures out today suggest. According to the Bureau of Labor Statistics’ JOLTS survey, there were 9.6m job openings on the last day in September – little changed from the month before and ahead of the market consensus of [...]
US growth remains at 2.1 per cent in second quarter while jobless claims tick up September 28, 2023 The US economy maintained a fairly strong pace of growth in the second quarter, the government confirmed on Thursday, and appears to have gathered momentum this quarter amid a resilient labor market.