Fed gets ‘green light’ for another interest rate cut following jobs report Economics The latest jobs report showed that the world's largest economy added 227,000 jobs last month, slightly ahead of the 200,000 expected by economists.
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 [...]
Wall Street claws back week’s losses thanks to strong jobs report Markets US stocks rallied on Friday after a surprisingly strong report on the US job market raised optimism about the economy. The S&P 500 climbed 0.9 per cent and got close to its all-time high set on Monday. The Dow Jones Industrial Average rose 341 points, or 0.8 per cent, to set its own record, while [...]
US economy smashes forecasts again with blockbuster jobs report June 7, 2024 The figures will be closely scrutinised by policymakers at the US Federal Reserve ahead of its latest interest rate decision next week.