Spot gold XAU= fell 0.7% to $1,924.16 per ounce by 10:44 a.m. ET (1444) GMT. U.S. gold futures GCv1 dropped 1.3% to $1,928.00
As the pandemic has eased, consumers have been broadening their spending beyond goods to services
Over the past 12 months, average hourly earnings have increased by 5.1 per cent.
Geopolitics also remained a worry as the White House warned Russia could invade Ukraine any day and French President Emmanuel Macron prepared for a trip to Moscow
Last month's huge wave of omicron infections is thought to have weakened hiring in January, though the pullback is considered all but sure to prove a temporary one.
The dollar index fell 0.546% at 95.734, and was poised for its biggest drop since Nov. 26, when concerns about the Omicron COVID-19 variant began to rattle markets
The larger-than-expected payrolls gain could indicate that employers had more success hiring in December as higher wages and attractive working terms lured people off the sidelines
Nonfarm payrolls increased by 531,000 jobs last month as the surge in COVID-19 infections over the summer subsided
Chinese shares dropped on Friday, a day after China's Communist Party celebrated its centenary, while other regional markets held firm following Wall Street's ascent to record highs
Asian stock markets declined for a second day Tuesday as investors looked ahead to US employment data for indications of possible inflation pressures. Market benchmarks in Shanghai, Tokyo and Hong Kong retreated. Overnight, Wall Street's benchmark S&P 500 index rose 0.2% to a record as gains for Facebook, Nvidia and other tech stocks offset losses for other industries. Investors are swinging between optimism about a global economic recovery underpinned by coronavirus vaccinations and worry that central banks might feel pressure to withdraw stimulus to cool rising inflation pressures. Traders are watching US jobs data due out Friday for signs of whether the labor market will start to show initial signs of heating, Anderson Alves of ActivTrades said in a report. The Federal Reserve says it believes a rise in prices of oil and other commodities is temporary, but wage increases can be more lasting. Also Tuesday, the World Bank raised its forecast of China's economic growth this year
US President will look to sell voters on the economic benefits of the $973 billion infrastructure package while in Wisconsin on Tuesday, hoping to boost the bipartisan agreement
US employers posted a record 9.3 million job openings in April with the US economy reopening at break-neck speed.
US Treasuries declined on heavy futures volumes after the minutes were published
The pandemic has pushed out older employees and is deepening inequality as lower income workers feel the brunt of the crisis
Initial claims in regular state programs increased by 16,000 to 744,000 in the week ended April 3, Labor Department data showed Thursday. Economists in a Bloomberg survey estimated 680,000 claims
WASHINGTON (Reuters) - U.S. job openings rose to a two-year high in February while hiring picked up as strengthening domestic demand amid increased COVID-19 vaccinations and additional pandemic aid from the government boost companies' needs for more workers.
Ten of the 11 major S&P sectors rose, with consumer discretionary, industrials, financials and communication services leading gains
The payroll figures showed broad-based gains across industries, led by a 280,000 surge in leisure and hospitality
Unveils $2-trn plan aimed at modernising America's crumbling transport network, creating millions of jobs
The number of Americans applying for unemployment benefits rose by 61,000 last week to 719,000, signalling that many employers are still cutting jobs even as more businesses reopen