U.S. nonfarm payrolls grew at their fastest pace in 10 years in May, buoyed by recruitment for the decennial census, but private hiring slowed sharply, disappointing investors looking for a stronger figure.
Chile's state copper think tank Cochilco said Friday it raised its forecast for copper prices to $3.20 per lb in 2010 despite the ongoing market volatility stemming from Europe's debt woes. Cochilco, which helps set price views for the world's top copper miner Codelco [CODEL.UL], said it also raised its 2011 average copper price forecast to $3.30 from $3.20.
Nonfarm payrolls grew at their fastest pace in 10 years in May, buoyed by recruitment for the decennial census, but private hiring slowed sharply as businesses opted to increase hours rather than hire new workers.
Nonfarm payrolls grew at their fastest pace in 10 years in May, buoyed by recruitment for the decennial census, but private hiring slowed sharply as businesses opted to increase hours rather than hire new workers.
Stocks fell sharply on Friday after the May payrolls report showed private hiring was much lower than expected, raising fears about the strength of the economic recovery.
Nonfarm payrolls likely rose at their fastest pace in nearly 27 years in May as the government ramped up hiring for the census and businesses grew more optimistic about the economy, a Reuters survey showed.
Corrects number of private jobs created in April in 5th paragrap
Concern over rising U.S. debt could force lawmakers to take another crack at reining in healthcare costs long before any promised savings from President Barack Obama's sweeping overhaul are realized.
Stock index futures were sharply lower on Friday, with the S&P 500 and Nasdaq set to drop more than 2 percent at the open, after the May payrolls report showed private hiring slowed sharply.
Prudential will try to draw a line under its botched Asian takeover at an investor meeting on Monday amid signs that investor fury over the deal is abating.
Stock index futures fell on Friday, tracking European equities and the euro as investor worries intensified over the sovereign debt crisis in the region.
Three top Federal Reserve officials said on Thursday it may soon be time to begin raising interest rates as the economic recovery in the United States gathers momentum, despite persistently high unemployment.
Stock index futures fell on Friday, tracking European equities and the euro lower, as investors looked ahead to the May non-farm payrolls report that could signal the pace of an economic recovery.
U.S. nonfarm payrolls likely rose at their fastest pace in nearly 27 years in May as the government ramped up hiring for the census and businesses grew more optimistic about the economy, a Reuters survey showed.
The percentage of U.S. home sellers who cut their asking price rose in May, but price reductions were smaller, real estate website Zillow.com said in a report.
Stocks edged up on Friday, with investors anticipating a strong reading for a key employment report due out later in the day, which could provide an indication of the pace of recovery in the world's largest economy.
World stocks hovered just off two-week highs on Friday and the dollar clung to recent gains ahead of U.S. jobs data that is widely expected to show recovery is gathering pace in the world's largest economy.
Oil's steep drop of more than $20 a barrel over three weeks last month, sparked by European debt woes, underscored market volatility from stocks to commodities and the fragile state of global economic recovery.
U.S. consumers are venting frustration over the BP oil spill, demonstrating at gas stations and corporate offices, drumming up support on Facebook and waging a mock public relations campaign on Twitter.
After realized that the devastated Gulf of Mexico oil spill is the worst ever environmental disaster affecting the country, the US said they would keep billing the oil giant BP for all associated costs for the clean up operations. British energy giant told to pay $69 million bill and demanded prompt payment for the first instalment of government expenses incurred in the effort.
World's largest gold refiner, South Africa's Rand Refinery said production of country's Krugerrand gold coins soared by 50 percent in a week as the euro zone debt crisis drove up investor demand. In a statement issued here, Rand Refinery said production of the world's most popular gold coin rose to 30 000 ounces a week.
The dollar steadied on Friday and Asian stocks slipped on profit taking ahead of a report expected to show the highest U.S. jobs growth since 1983, supporting this week's wary move back into riskier assets.
