US hiring rebounds slightly and unemployment rate dips in sign of still-slowing job market
WASHINGTON (AP) — US hiring rebounds slightly and unemployment rate dips in sign of still-slowing job market.
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Stock market today: Dow, S&P 500 continue September swoon ahead of pivotal jobs report
Labor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.
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Stock markets struggled and the dollar mostly fell Thursday on the eve of a key US jobs data release that could shed light on the size of potential Federal Reserve interest-rate cuts and the health of the world's biggest economy.Kelvin Wong, senior analyst at traders OANDA, said "market participants are fearful that the US Federal Reserve has been late in enacting the interest rate cut cycle in the US." eToro US Investment Analyst Bret Kenwell said a disappointing jobs report Friday could shift
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The jobs report answered one key question — but left us guessing on another
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Assessing recession odds using Sahm Rule, unemployment rate
The Sahm Rule — a key recession indicator for the Federal Reserve — was triggered in July after the three-month unemployment rate average increased. On the eve of the August jobs report, all eyes are on tomorrow's labor data print as it could influence how the Fed cuts interest rates in response. Yahoo Finance host Julie Hyman uses the Sahm Rule and past unemployment data to assess the likelihood of a recession. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Luke Carberry Mogan.
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August jobs report: Unemployment rate falls to 4.2%, labor market adds 142,000 jobs
The US economy added fewer jobs than expected in August while unemployment ticked lower.
- The Telegraph
Buy British stocks, says Goldman Sachs
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- Associated Press
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Another rout hit Wall Street Friday, with formerly high-flying technology stocks again taking the brunt, after a highly anticipated update on the U.S. job market came in weak enough to add to worries about the economy. Broadcom, Nvidia and other tech companies drove the market lower amid ongoing concerns that their prices soared too high in the boom around artificial intelligence, and they dragged the Nasdaq composite down by a market-leading 2.6%. Sharp swings also hit the bond market, where Treasury yields tumbled, recovered and then fell again after the jobs report showed U.S. employers hired fewer workers in August than economists expected.
- The Daily Beast
‘Unstoppable’ Jennifer Lopez Just Debuted a Revenge Dress For the Ages
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Taylor Swift and Travis Kelce Hold Hands After Chiefs' Season-Opener Win: See the Photos!
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Italy luxury yacht victims died of ‘dry drowning,’ first autopsies show
Initial autopsies of four of the seven victims who died when a superyacht sank in a storm in Italy last month show they died of “dry drowning,” according to authorities.
- The Independent
Meet the Japanese bodybuilder who claims to only sleep 30 minutes a night: ‘I simply wanted more time’
Daisuke Hori says his extreme regimen gives him ‘superhuman power’. He tells Shweta Sharma what life is like for someone whose sleep cycle is more like a power down