The U.S. Bureau of Labor Statistics has revised down its tally of total employment in March 2023 by 306,000, indicating that there were about 300,000 fewer job gains during April 2022 to March 2023 than initially estimated, which could impact the Federal Reserve's decision on interest rates.
Job creation in the US slowed in August, indicating that the strong economy could be starting to weaken under pressure from higher interest rates. Private employers added 177,000 jobs, well below the previous month's total of 371,000. Pay growth also slowed, suggesting more sustainable growth as the effects of the pandemic recede. Investors and economists remain uncertain about the future of US inflation and whether the economy can continue to grow without a significant slowdown.
The US added 187,000 jobs in August, but the unemployment rate rose to 3.8 percent, indicating a plateau in the labor market as the Federal Reserve considers another interest rate hike.
The August jobs report showed solid hiring, with employers adding 187,000 payroll positions, but the unemployment rate unexpectedly jumped and wage growth eased, leading to speculation that the Federal Reserve may have hiked interest rates for the last time.
The August jobs report indicates a cooling labor market, which could lead to the Federal Reserve pausing its actions.
The Federal Reserve is expected to cut interest rates by about one percentage point next year as economic growth slows and unemployment rises, according to chief economists at major North American banks.
Cloud-based software firm Salesforce Inc is hiring 3,300 people across various departments after cutting 10% of jobs in January this year.
The US economy added 336,000 jobs in September, surpassing economist predictions and causing a slight dip in the price of bitcoin, while stock and bond prices continue to decline.
Employers added 336,000 jobs in September, exceeding economists' predictions, signaling a stronger labor market and raising concerns that the Federal Reserve may need to raise interest rates further to control inflation.
The US economy added 336,000 jobs in September, exceeding expectations, but investors are concerned about the prospect of higher interest rates, causing stocks to slump and bond yields to surge.
The US economy added 336,000 jobs in September, surpassing economists' expectations, raising concerns that the labor market may not cool as fast as the Federal Reserve desires in their battle against inflation.
The U.S. economy added 336,000 jobs in September, surpassing expectations, prompting concerns about the need for further measures to slow down the economy and control inflation.
The US economy added 336,000 jobs in September, surpassing expectations and leading to concerns about higher interest rates and inflation, causing the dollar to rise and stocks to fall.
U.S. employers added 336,000 jobs in September, potentially strengthening the case for another interest rate increase by the Federal Reserve, despite wage growth remaining muted and upcoming inflation data expected to show continued slowing.
U.S. employers added 336,000 jobs in September, surpassing expectations, but the strong job growth could complicate the Federal Reserve's efforts to control inflation.
The strong US jobs report is increasing the likelihood of another Federal Reserve rate increase, which is adding to the pain in credit markets already affected by rising yields and could result in increased default risk and reduced profitability for corporate America.
The latest U.S. Jobs Report shows 336,000 new jobs added in September, exceeding expectations and indicating a strong economy that may lead to another rate hike from the Fed. Higher Treasury yields may result in more volatility in stocks and impact sectors such as mortgages and finance. However, this may also present attractive buying opportunities in beaten-down market sectors. Investors should conduct solid research and diversify their portfolios.
The US economy added an impressive 336,000 jobs in September, indicating its resilience and suggesting that higher interest rates are here to stay, which could potentially lead to a new bull market for risk assets and cryptocurrencies.
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