US stock futures trod water on Friday as investors marked time ahead of the last monthly jobs report of the year, a crucial test of the prospects for interest-rate cuts in December and beyond. Futures on the Dow Jones Industrial Average (YM=F) and the S&P 500 (ES=F) were little changed after the gauges drifted away…
US hiring probably jumped in November after hurricanes and a major strike undercut job growth a month earlier, consistent with a labor market that’s healthy yet gradually cooling. Nonfarm payrolls probably advanced by 200,000 in November, according to a Bloomberg survey of economists. The data due Friday are also expected to show the unemployment rate…
The October jobs report was weak, with a sharp slowing in net nonfarm payrolls due to hurricane-related disruptions and strikes. The November jobs report is likely to reflect more jobs and a rebound in payrolls, although the unemployment rate could rise further. Workers deliver Amazon packages on Black Friday in New York, US, on Friday,…
With the slow pace of economic recovery still weighing heavily on society, adjustments in public utility charges may yet be another burden for the public if they are not carefully taken into consideration. Officials should always ensure increases are reasonable and justified. Passengers are set to dig deeper into their pockets after three local bus…
Hong Kong lawmakers have urged the government to hire more disabled workers and impose key performance indicators to ensure the target is met after authorities revealed such employees made up 1.5 per cent of civil servants. The Labour and Welfare Bureau revealed in a Legislative Council panel meeting on Monday that 2,513 serving civil servants…
Stocks rose Friday, as stronger-than-expected jobs data spurred investor enthusiasm about the economy. A strong economy means strong earnings, which means rising share prices. Non-farm payrolls rose 254,000 in September, up from 159,000 in August. And the unemployment rate dipped to 4.1% from 4.2%. Don’t miss the move: Subscribe to TheStreet’s free daily newsletter The…
Where is Team Recession now? With new, surprisingly good job numbers for September showing Fed Chair Jerome Powell and his colleagues on the cusp of sticking that soft landing, the US unemployment rate—amid fears the central bank waited too long to cut rates—actually went down. US job growth last month topped all estimates and wage…
A surge in hiring offers Vice President Kamala Harris a fresh defense in her fight with Donald Trump over the economy, as the pair jockey to frame their visions in the home stretch of the campaign. Friday’s jobs report, which beat all analyst estimates and pushed the unemployment rate down to 4.1%, is the latest…
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy likely maintained a moderate pace of job growth in September while the unemployment rate is expected to have held steady at 4.2%, which would further reduce the need for the Federal Reserve to deliver large interest rate cuts in its final two meetings of the year….
By Howard Schneider NASHVILLE, Tennessee (Reuters) – A mistake by the U.S. central bank in setting interest rates during the last phase of its inflation battle is the main risk that could undercut the economy over the next year, according to a new survey of economists released as Federal Reserve Chair Jerome Powell was set…