The US job gains beat the 720,000-payroll forecast in the largest jump since August. The 5.9% unemployment rate missed the estimate for a 5.6% print.
The US added 559,000 payrolls, missing the estimate for a 674,000-job gain. The unemployment rate fell to 5.8% from 6.1%, beating the 5.9% estimate.
At this point, it’s a cliché to say that 2020 has been a year like no other. Its lasting effects on the labour market – and the people who have been left behind – will have repercussions for years to come. Economists say the recovery is worryingly weak amid spiking […]
US equities jumped on Friday after disappointing labour-market data boosted hopes for an end-of-year stimulus compromise. The S&P 500, Dow Jones industrial average, and Nasdaq composite all closed at record highs. The US added 245,000 nonfarm payrolls in November, handily missing the consensus economist estimate of 460,000 additions. The unemployment […]
Most global stocks are green on Friday as they digest a bigger than expected ECB stimulus package of $US676 billion to fight COVID-19. The S&P 500 and the NASDAQ closed lower on Thursday the first time since US protests began last week, due to weak initial jobless claims data, which […]
Friday’s March nonfarm payrolls report is expected to show the first contraction of jobs since 2010, raising the unemployment rate to 3.8% from 3.5% in February. Economists expect that nonfarm payrolls declined 100,000 in March, versus adding 273,000 in February. Still, the report won’t show the full scope of the […]