Us Jobs

Asian shares sink as US jobs fail to clear rate outlook, tech hammered

Japan's Nikkei tumbled 2 per cent on Friday, Australia's resources-heavy shares slid 1.4 per cent, while South Korea plunged almost 4 per cent

US adds 119,000 jobs in September as unemployment rate climbs to 4.4%

Nonfarm payrolls increased 119,000 after the prior month was revised to a decline, according to Bureau of Labor Statistics data out Thursday

US jobless claims fall to 231,000 after recent surge to 4-year high

The number of Americans applying for jobless aid last week retreated significantly after surging to a nearly four-year high a week earlier. US filings for unemployment benefits for the week ending September 13 fell by 33,000 to 231,000, the Labour Department reported Thursday. That's less than the 241,000 analysts surveyed by the data firm FactSet had forecast. The previous week, applications surged to 264,000, their highest level since the week of October 23, 2021. Last week's figure was revised up by 1,000. Concerns about the health of the American labour market led the Federal Reserve to cut its key interest rate by a quarter-point on Wednesday as many expected. The rate cut is a sign that the central bank's focus has shifted quickly from inflation to jobs as hiring has grounded nearly to a halt in recent months. Lower interest rates could reduce borrowing costs for mortgages, car loans, and business loans, and boost growth and hiring. The problem is that it can also exacerbate

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 .

Asian shares drop on tech pullback as investors await key US jobs data

The dollar and bonds were little moved ahead of a busy week for data which includes surveys of manufacturing and services, and a range of labour numbers culminating in the August payrolls report

Donald Trump's war on numbers: Can US economic data still be trusted?

The US jobs report, a key index of economic health, came in weak this month. Hours later, President Trump dismissed the figures as "phony" and fired agency head Erika McEntarfer

Time to pause H-1B visas? US Republicans renew debate under Trump crackdown

US Senator Mike Lee has questioned H-1B visas, as Republicans push for tighter rules. Indian tech workers remain the biggest users of the programme

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

Asia shares rise as tech rally lifts Wall Street, US jobs test looms large

SYDNEY (Reuters) -Asia shares firmed on Monday as seemingly unquenchable demand for technology companies lifted S&P 500 futures to another all-time peak, while the dollar dipped on concerns U.S. jobs data will show enough weakness to justify larger rate cuts.

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 .

Elon Musk must face lawsuit over power as Trump's aide, says judge

The judge found that the Trump administration had adopted a perverse reading of the US Constitution's system of checks and balances and appeared to sanction unlimited executive power

US filings for jobless aid inches down modestly as uncertainty lingers

The number of Americans filing unemployment claims last week fell slightly as businesses continue to retain employees despite growing economic uncertainty over US trade policy. Applications for jobless benefits fell by 2,000 to 227,000 for the week ending May 17, the Labour Department said Thursday. That's pretty close to the 230,000 new applications analysts forecast. Weekly applications for jobless benefits are seen as representative of US layoffs and have mostly bounced around a historically healthy range between 200,000 and 250,000 since COVID-19 ravaged the economy and wiped out millions of jobs five years ago. Even though President Donald Trump has paused or dialled down many of his tariff threats, concerns remain about a global economic slowdown that could upend the US labour market, which has been a pillar of the American economy for years. The US and China last week agreed to a 90-day pause in their trade war, giving financial markets a boost and at least temporarily ...

Big four accounting firm PwC to lay off about 1,500 employees in US

The workforce reduction equates to approximately 2 per cent of our US firm, the spokesperson said

In US, 2 in 5 employees are considering quitting their jobs: Here's why

The survey, conducted on 1,000 American employees, notes that 1 in every 10 employee is actively planning to quit this year only

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

Need to save TikTok, want to keep jobs in US: Trump at Maga Victory Rally

President-elect Donald Trump also highlighted the impact of his leadership, referring to it as the 'Trump Effect,' which he said has led to unexpected results even before taking office

US job growth beats expectations in Dec; unemployment rate falls to 4.1%

Nonfarm payrolls increased by 256,000 jobs last month after rising by a downwardly revised 212,000 in November, the Labor Department said in its closely watched employment report on Friday.

Is it fair to pay foreign workers less? Co-founder of this US firm says yes

Franco Pereyra, co-founder, COO of Near sparked an online debate by claiming that the less pay for third-world countries employees is justifiable. However, people denied and countered the narrative

Vivek Ramaswamy sees massive cuts for contractors in effficiency push

Ramaswamy didn't single out any contractors, and isn't clear yet how the efficiency drive will be structured