US job growth accelerated in November, with the unemployment rate dropping to 3.7%. Nonfarm payrolls increased by 199,000 jobs, partly due to the return of automobile workers and actors after strikes. The report suggests that financial market expectations of the Federal Reserve cutting rates in Q1 2024 were premature.
Bullish outside markets mildly support gold; U S jobs data on deck kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.
A better-than-expected job growth in September indicates an improvement in the US economy. Will it push the Federal Reserve to hike bank rates in an attempt to control the US inflation rate?
Prayagraj: In 2012, his family in Dagwa Jari of Bara area in trans-Yamuna region of Prayagraj were on cloud nine as 20-year old Manish Shukla, bagged .
U.S. job openings decreased for the third consecutive month in July, signaling a gradual slowdown in the labor market. Despite the decline, the job market remains tight, suggesting that the Federal Reserve will likely maintain high interest rates for the time being. The number of job openings dropped to its lowest level since March 2021, according to the Labor Department s monthly report.