Page 2 - Us Jobs Report

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

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

Asian shares mostly rose on Friday ahead of US Jobs Report update

Asian shares were mostly higher Friday ahead of an update on the US job market that will offer insights into how the economy is faring. US futures edged higher and oil prices fell. Tokyo's Nikkei 225 index rose 0.5% to 37,730.67, while the Kospi in South Korea jumped 1.5% to 2,812.05. Hong Kong's Hang Seng lost 0.4% to 23,817.10 and the Shanghai Composite index edged 0.1% higher, to 3,385.91. Australia's S&P/ASX 200 was nearly unchanged at 8,536.40. India's Sensex gained 0.6%. On Thursday, the S&P 500 fell 0.5% to 5,939.30 for its first drop in four days. After sprinting through May and rallying within a couple good days' worth of gains of its all-time high, the index at the center of many 401(k) accounts has lost momentum. The Dow Jones Industrial Average dropped 0.3% to 42,319.74, and the Nasdaq composite sank 0.8% to 19,298.45. The US Labor Department is due to report how many more jobs US employers created than destroyed during May. The expectation on Wall Street is for a

Inflation data threatened by US government's hiring freeze as tariffs loom

The Labor Department has cut back on the inflation data it collects because of the Trump administration's government hiring freeze, raising concerns among economists about the quality of the inflation figures just as they are being closely watched for the impact of tariffs. The department's Bureau of Labor Statistics, which produces the monthly consumer price index, the most closely watched inflation measure, said Wednesday that it is reducing sample in areas across the country and added that it stopped collecting price data entirely in April in Lincoln, Nebraska, and Provo, Utah. It also said it has stopped collecting data this month in Buffalo, New York. In an email that the BLS sent to economists, viewed by The Associated Press, the agency said that it temporarily reduced the number of outlets and quotes it attempted to collect due to a staffing shortage in April. The reduced data collection will be kept in place until the hiring freeze is lifted. The cutbacks have intensified ..

US weekly jobless claims increase moderately as layoffs remain low

The data included the Good Friday holiday, which was later this year compared to 2024. Claims tend to be volatile around moving holidays

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 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 producer inflation steady, labour market stable amid tariff risks

Economists polled by Reuters had forecast the PPI climbing 0.3 per cent after a previously reported 0.4 per cent gain in January

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

Gold prices fall on profit-taking as US data, trade tensions loom

The spotlight is on Friday's non-farm payrolls report, which is expected to show a gain of 160,000 jobs for February, economists polled by Reuters said

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

US weekly unemployment claims rise marginally to 219,000: Labour dept

Initial claims for state unemployment benefits rose 5,000 to a seasonally adjusted 219,000 for the week ended February 15, the Labor Department said

US dollar rises in volatile trade as jobs data delays Fed rate cuts

The dollar index, which measures the U.S. currency against the yen, sterling and other peers, rose to as high as 108.02. It was last up 0.102% at 107.77

US job growth slows more than expected in Jan, unemployment rate at 4.0%

Nonfarm payrolls increased by 143,000 jobs last month after rising by an upwardly revised 307,000 in December, the Labor Department's Bureau of Labor Statistics said

US job growth expected to remain 'moderate' in January employment report

The unemployment rate is forecast at 4.1 per cent amid historically low layoffs, with wages rising solidly

US job openings post biggest drop in 14 months, falls to 7.6 mn in December

Job openings, a measure of labor demand, decreased 556,000 to 7.6 million on the last day of December, the Labor Department's Bureau of Labor Statistics said

US weekly unemployment claims increase marginally to 223,000: Labour dept

Initial claims for state unemployment benefits increased 6,000 to a seasonally adjusted 223,000 for the week ended Jan 18

US weekly jobless claims fall to 11-month low on stable labour market

Signs of a steadily cooling labor market could allow the Federal Reserve to keep interest rates unchanged in January against the backdrop of still high inflation