A gauge of the strength of the U.S. job market fell slightly in August and pointed to a flat employment market for the rest of the year, a research group said on Tuesday.
A forward-looking measure of hiring intentions dipped slightly in the United States even as it improved in many other countries, according to a quarterly survey by Manpower Inc.
U.S. job losses fell to their lowest level in a year last month, but the unemployment rate jumped to a 26-year high, painting a mixed picture of an economic recovery hindered by weakness in the labor market.
U.S. temporary staffing -- historically one of the first areas to show evidence of a jobs recovery -- appears to have hit bottom, but questions remain how long it will stay there.
Mohamed El-Erian, the chief executive of top bond fund PIMCO, said in an interview on Friday the risk of stalled economic growth in 2010 is increasing, given a still-weak labor market.
U.S. job losses were the smallest in a year last month, but the unemployment rate unexpectedly jumped to a 26-year high, according to data on Friday that showed the labor market limping toward health.
Mohamed El-Erian, the chief executive of top bond fund PIMCO, on Friday said the risk of a double-dip in economic growth in 2010 is increasing given a still-weak labor market.
Stocks rose moderately on Friday after a mixed payrolls report that showed U.S. employers cut fewer-than-expected jobs in August even as the unemployment rate hit a 26-year high.
U.S. job losses were the smallest in a year last month but the unemployment rate unexpectedly jumped to a 26-year high, according to data on Friday that showed the labor market limping toward health.
The pace of U.S. job losses is moderating and the trend in the labor market is beginning to improve, a top White House adviser said on Friday.
U.S. job losses were the smallest in a year last month but the unemployment rate unexpectedly jumped to a 26-year high, according to data on Friday that showed the labor market limping toward health.
U.S. employers cut a fewer-than-expected 216,000 jobs in August, while the unemployment rate rose to a 26-year high, the government said on Friday in a report showing a still fragile labor market.
Stocks inched higher on Friday following a mixed payrolls report showing U.S. employers cut fewer-than-expected jobs in August even as the unemployment rate hit a 26-year high.
Stock index futures pointed to a flat open on Friday following data that showed U.S. employers cut fewer-than-expected jobs in August even as the unemployment rate hit a 26-year high.
Stock index futures turned sharply higher on Friday following a brief sell-off after data showed U.S. employers cut fewer-than-expected jobs in August even as the unemployment rate hit a 26-year high.
U.S. employers cut a fewer-than-expected 216,000 jobs in August, while the unemployment rate rose to a 26-year high, the government said on Friday in a report showing a still fragile labor market.
U.S. employers cut a fewer-than-expected 216,000 jobs in August, while the unemployment rate rose to a 26-year high, the government said on Friday in a report showing a still fragile labor market.
U.S. stock index futures pointed to a higher open on Wall Street on Friday, ahead of eagerly-awaited monthly U.S. jobs data and unemployment rate.
Oil hovered above $68 a barrel on Friday, eyeing a U.S. jobs report due later for some clarity on the economy of the world's top energy user as it struggles to emerge from recession.
US TREASURIES pulled back on Thursday. Pressure from covering of recent long positions, announcements of next week's Treasury auctions and an apparent stabilization of equity prices ahead of Friday's reports on US payrolls prompted many with long positions to cover ahead of the long weekend.
The contraction in the U.S. services sector eased last month, with a gauge of activity hitting its highest point in nearly a year, a further suggestion that a modest economic recovery was under way.
