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US job growth beats expectations in October; unemployment rate falls to 4.1%

US job growth beats expectations in October; unemployment rate falls to 4.1%

By Lucia Mutikani WASHINGTON, Nov 6 (Reuters) - US nonfarm payrolls increased more than expected in October and the unemployment rate fell to 4.1%, suggesting the labor market remained resilient and giving the Federal Reserve more scope to focus on inflation stemming from the Middle East conflict.
ReutersReuters
US job growth surges in October; unemployment rate falls to 4.1%

US job growth surges in October; unemployment rate falls to 4.1%

By Lucia Mutikani WASHINGTON, Nov 6 (Reuters) - US job growth accelerated in October and the unemployment rate fell to 4.1%, suggesting that the labor market could be strengthening after stumbling in mid-summer and keeping the Federal Reserve on track to raise interest rates in December.
ReutersReuters
US job growth expected to pick up in October, with moderation in wage gains

US job growth expected to pick up in October, with moderation in wage gains

By Lucia Mutikani WASHINGTON, Nov 6 (Reuters) - US nonfarm payrolls likely picked up in October, but an anticipated slowdown in annual wage growth to below 3.0% for the first time in nearly 5-1/2 years would reinforce the view that the labor market was not a source of inflation.
AP NewsAP News
US continues to generate jobs, yet inflation is eroding the spending power of millions of Americans

US continues to generate jobs, yet inflation is eroding the spending power of millions of Americans

U.S. employers created a surprising 165,000 new jobs last month, and the unemployment rate dipped to 4.1%
ReutersReuters
US weekly jobless claims at 57-year lows; worker productivity surges in third quarter

US weekly jobless claims at 57-year lows; worker productivity surges in third quarter

By Lucia Mutikani WASHINGTON, Nov 5 (Reuters) - The number of Americans filing new claims for unemployment benefits slipped to a 57-year low last week, pointing to labor market resilience, though uncertainty over the drawn-out conflict in the Middle East is constraining hiring.
ReutersReuters
US worker productivity surges in third quarter

US worker productivity surges in third quarter

WASHINGTON, Nov 5 (Reuters) - US worker productivity grew faster than expected in the third quarter, depressing labor costs and supporting views that the labor market was not a source of inflation.
ReutersReuters
Dollar little changed as oil prices bounce, payrolls eyed

Dollar little changed as oil prices bounce, payrolls eyed

By Chuck Mikolajczak NEW YORK, Nov 5 (Reuters) - The dollar index was roughly unchanged on Thursday, as oil prices rebounded following a sharp drop in the prior session and investors weighed the possibility of a slowdown in AI-related spending dampening economic growth.
ReutersReuters
Morning Bid: Out of the blue

Morning Bid: Out of the blue

By Anna Szymanski Nov 6 (Reuters) - Markets had long been pricing in a "blue wave" in the United States midterm elections, but what they got was a deluge as Democrats regained control of the House and Senate in decisive fashion.
ReutersReuters
Dollar edges up as oil prices bounce, payrolls eyed

Dollar edges up as oil prices bounce, payrolls eyed

By Chuck Mikolajczak Nov 5 (Reuters) - The dollar index rose slightly on Thursday, as oil prices rebounded following a sharp drop in the prior session and investors gauged uncertainties surrounding the war in Iran in the wake of sweeping Democratic victories in the US midterm elections.
AP NewsAP News
U.S. employers added a surprising 165,000 jobs in October; unemployment rate dipped to 4.1%

U.S. employers added a surprising 165,000 jobs in October; unemployment rate dipped to 4.1%

U.S. employers created a surprising 165,000 new jobs last month, and the unemployment rate dipped to 4.1%
AP NewsAP News
BoE hikes rate for first time in 3 years; retreating oil prices may allow for more options ahead

BoE hikes rate for first time in 3 years; retreating oil prices may allow for more options ahead

The Bank of England is raising interest rates for the first time in more than three years in an effort to tackle an inflation shock stoked by the Iran war
ReutersReuters
US consumer sentiment improves in November; worries about AI bubble emerge

US consumer sentiment improves in November; worries about AI bubble emerge

WASHINGTON, Nov 6 (Reuters) - US consumer sentiment improved in early November, though concerns over the higher cost of living remained and households worried about a possible artificial intelligence bubble, a survey showed on Friday.