Us Job Data

Gold may stay choppy ahead of US jobs data, Fed meeting minutes: Analysts

Gold prices are likely to remain volatile in the coming week but may find support as focus shifts to key US economic data releases, including jobs report and the Federal Reserve's meeting minutes for fresh signals on the interest rate decision, analysts said. Investors will also closely watch Federal Reserve Chair Jerome Powell's speech on Wednesday. Along with comments from other Fed officials throughout the week which will drive the gold prices, they added. "The volatility is expected to remain high, but prices may find some support... Focus will be on the US economic data releases, which may give some clues on the health of the American economy & possible some direction on the Fed's rate outlook," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. On a weekly basis, gold futures for December delivery climbed by Rs 2,494, or 2.06 per cent in the past week, on the Multi Commodity Exchange (MCX). "The precious metal rallied ...

US weekly jobless claims rise amid govt shutdown, economists estimate

Official economic data collection and publication has been suspended because of the government shutdown, now in its second week

Weaker US jobs data gives Fed room to cut interest rates, says IMF

IMF spokesperson Julie Kozack said inflation was on a path to meet the Federal Reserve's 2% target, but there were some risks that could push it higher

US likely added modest 80K jobs in August, sign of cooling labour market

When the Labour Department put out a disappointing jobs report a month ago, an enraged President Donald Trump responded by firing the economist in charge of compiling the numbers and nominating a loyalist to replace her. Nothing quite so dramatic is likely Friday when the department releases hiring and unemployment numbers for August. They are expected to show that companies, government agencies and nonprofits added a modest 80,000 jobs last month, according to a survey of forecasters by the data firm FactSet. That would be a slight improvement on July's 73,000 but still offer more evidence that the American job market has cooled significantly from last year. The unemployment rate is forecast to stay at a low 4.2 per cent suggesting that employers are stuck in a no-hire, no-fire mode: They are reluctant to add many new workers but don't want to give up the ones they have. But there are signs they may be starting to cut staff. The US job market has lost momentum this year, partly .

Firms boost economic data products as trust in official US statistics wanes

Third-party providers garner even more attention during government shutdowns when federal data aren't published

Trump fired America's economic data collector. History shows the perils.

Economists say that reliable, independently produced statistics are critical to good decision making in both the public and private sector

Oil falls $2 a barrel on worries about Opec+ supply, US jobs data

The US Labour Department said the country added 73,000 jobs in July, lower than economists had forecast, raising the national unemployment rate to 4.2 per cent from 4.1 per cent

Trump fires data chief after disappointing jobs report shakes markets

Trump fired the head of the Bureau of Labor Statistics, hours after it sent markets tumbling with a report that showed a dramatic slowdown in US hiring

US employers slash hiring as Trump advances a punishing trade agenda

US hiring is slowing sharply as President Donald Trump's erratic and radical trade policies paralyse businesses and raise doubts about the outlook for the world's largest economy. US employers added just 73,000 jobs last month, the Labor Department reported Friday, well short of the 115,000 expected. Worse, revisions shaved a stunning 258,000 jobs off May and June payrolls. And the unemployment rate ticked higher to 4.2% as Americans dropped out of the labour force and the ranks of the unemployed rose by 221,000. A notable deterioration in US labour market conditions appears to be underway,' said Scott Anderson, chief US economist at BMO Capital Markets. We have been forecasting this since the tariff and trade war erupted this spring, and more restrictive immigration restrictions were put in place. Overall, this report highlights the risk of a harder landing for the labour market.' Economists have been warning that the rift with every US trading partner will begin to appear this ..

US job growth masks weakness amid Trump's aggressive tariffs on imports

Government employment rose by 73,000, boosted by a 40,000 increase in state government education, which economists brushed off as a seasonal quirk related to the end of the school year

US June jobs report set to show slow hiring, strain from Trump's policies

Notices of impending layoffs - filed by businesses as required by the Worker Adjustment and Retraining Notification Act - jumped by 61 per cent in May, to the highest level since October 2020

US job openings rise to 7.8 million in May, show labour market strength

US job openings rose unexpectedly in May, a sign that the American labour market remains resilient in the face of high borrowing costs and uncertainty over US economic policy. US employers posted 7.8 million vacancies in May, The Labour Department reported Tuesday, up from 7.4 million in April. Economists had expected a slight decrease to 7.3 million. The number of Americans quitting their job a sign of confidence in their prospects rose modestly, and layoffs fell. Openings are high by historical standards but have come down sharply since peaking at a record 12.1 million in March 2022. The US job market has steadily decelerated from hiring boom of 2021-2023 when the economy bounced back from COVID-19 lockdowns. The unexpectedly strong post-pandemic recovery ignited inflation, prompting the Federal Reserve to raise its benchmark interest rate 11 times in 2022 and 2023. The higher borrowing costs have gradually cooled the labour market, and President Donald Trump's policy of taxin

Oil prices rise on US jobs data and renewed China trade discussions

Brent crude futures gained $1.28, or 1.96 per cent, to $66.62 a barrel by 1649 GMT. US West Texas Intermediate crude climbed $1.34, or 2.11 per cent, to $64.71

US adds 139,000 jobs in May despite trade war, growing recession fear

Trump's aggressive and unpredictable policies - especially his sweeping taxes on imports - have muddied the outlook for the economy and the job market and raised fears

US job growth slows to 130,000 amid fears over Trump economic policy

His massive taxes on imports - tariffs - are expected to raise costs for US companies that buy raw materials, equipment and components from overseas

US hiring slowed to 130K new jobs amid uncertainty over Trump's policies

The American job market likely continued to slow last month, hobbled by worries over President Donald Trump's trade wars, deportations and purges of the federal workforce. The Labour Department's numbers on May hiring Friday are expected to show that businesses, government agencies and nonprofits added 1,30,000 jobs last month. That would be down from 1,77,000 in April but enough to stay ahead of people entering the workforce and keep the unemployment rate at a low 4.2 per cent, according to a survey of forecasters by the data firm FactSet. Mainstream economists expect Trump's policies to take a toll on America's economy, the world's largest. His massive taxes on imports tariffs are expected to raise costs for US companies that buy raw materials, equipment and components from overseas and force them to cut back hiring or even lay workers off. Billionaire Elon Musk's Department of Government Efficiency (DOGE) has slashed federal workers and cancelled government contracts. Trump's .

US weekly unemployment claims fall to 219,000 ahead of tariffs storm

President Donald Trump on Wednesday unveiled a 10 per cent minimum tariff on most goods imported to the United States, sparking threats of retaliation and rattling global financial markets

US jobless claims dip as labour market stays stable despite risks

Unions representing some of the civil servants have challenged the layoffs, resulting in reinstatements. Agencies have a Thursday deadline to submit plans for large-scale layoffs

US adds 151,000 jobs in February, unemployment surges to reach 4.1%

US employers added solid 151,000 jobs last month, but the outlook is cloudy as President Donald threatens a trade war, purges the federal workforce and promises to deport millions of immigrants. The Labour Department reported Friday that hiring was up from a revised 125,000 in January. The unemployment rate rose slightly to 4.1 per cent. The job market has been remarkably resilient over the past year despite high interest rates. Despite rising concerns about the health of the economy, momentum remains positive,' Lydia Boussour, senior economist at the tax and consulting firm EY, wrote in a commentary. Billionaire Elon Musk's purge of federal workers was not expected to have much impact on the February jobs numbers. The Labour Department conducted its survey of employers too early in the month for the Department of Government Efficiency layoffs to show up. The American job market has remained remarkably resilient, but it has cooled from the red-hot hiring of 2021-2023. Employers ad

US job cuts rise 245% in Feb on govt layoffs, exceeding last two recessions

Global outplacement firm Challenger, Gray & Christmas said on Thursday that planned job cuts vaulted 245 per cent to 172,017 last month, the highest level since July 2020