Private companies in the US added 978,000 jobs in May, which marked the biggest gain in 11 months and indicated a continued labour market recovery amid the Covid-19 pandemic, according to a report
US nonfarm payrolls data on Friday showed jobs growth unexpectedly slowed in April, pushing the dollar to a more than two-month trough, making gold less expensive for holders of other currencies
Employment at temporary-help agencies and transportation and warehousing declined sharply.
Economists expect job growth will average at least 700,000 per month in the second and third quarters
Nonfarm payrolls surged 379,000 jobs last month after rising 166,000 in January, the Labor Department said on Friday. In December, payrolls fell for the first time in eight months
Private payrolls increased by 117,000 jobs last month, the ADP National Employment Report showed on Wednesday
The United States remains about 9 million jobs short of where it was a year ago
The number of Americans filing first-time claims for jobless benefits unexpectedly rose last week as a relentless wave of new Covid-19 infections hobbled business operations
(Reuters) - The S&P 500 and Nasdaq touched all-time highs on Thursday as hopes of a swift COVID-19 vaccine-driven recovery and economic stimulus eased immediate worries about rising coronavirus cases and dismal economic data.
Spot gold rose 0.3% to $1,811.31 per ounce by 0324 GMT. U.S. gold futures were up 0.2% to $1,808.70
The Dow Jones Industrial Average rose just 12.63 points, or 0.04%, at the open to 30,058.87
The United States is setting daily records for coronavirus cases, which could force state and local governments to impose new restrictions on businesses like restaurants, bars and gyms
Talks have been dragging over differences on major issues, including the size of a government benefit for unemployed workers
The Labor Department's closely watched report showed non-farm payrolls increased by 1.76 million in July
This would mean that nearly all the job growth in the 11 years since the Great Recession had vanished in a single month
Many merchants have voiced ambivalence about returning to work absent the prerequisite public health measures authorities have advocated.
The letter, dated April 23, was released to the media on Friday, a day after Trump issued an executive order that suspended issuing of new Green Cards for the next 90 days
The rating came as the Department of Labour reported unemployment claims surging to 3.3 million in the week ending March 21 after the pandemic caused many businesses to close
Average hourly earnings edged up four cents, or 0.1 per cent, to $26.75 in February, a slowdown from the 0.3 per cent rise in January