Moderate U.S. job growth expected in September

WASHINGTON (Reuters) – U.S. job growth likely picked up in September, with wages increasing solidly, which could assuage financial market concerns that the slowing economy was teetering on the brink of a recession amid lingering trade tensions. The Labor Department’s closely watched monthly employment report on Friday will come on the heels of a string of weak economic reports, including […]

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U.S. job growth slows more than expected; wages, hours pick up

WASHINGTON (Reuters) – U.S. job growth slowed more than expected in August, with retail hiring declining for a seventh straight month, but strong wage gains should support consumer spending and keep the economy expanding moderately amid rising threats from trade tensions. The Labor Department’s closely watched monthly employment report on Friday also showed a rebound in the workweek as manufacturers […]

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U.S. employment growth slows in July; wages pick up

WASHINGTON, (Reuters) – U.S. job growth slowed in July and wages picked up moderately, which together with an escalation in trade tensions between the United States and China could give the Federal Reserve ammunition to cut interest rates again next month. The Labor Department’s closely watched monthly employment report on Friday came a day after President Donald Trump announced an […]

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U.S. consumer prices rise solidly, but underlying trend tame

WASHINGTON (Reuters) – U.S. consumer prices increased by the most in 14 months in March, but the underlying inflation trend remained benign amid slowing domestic and global economic growth. The mixed report from the Labor Department on Wednesday was broadly supportive of the Federal Reserve’s decision last month to suspended its three-year campaign to raise interest rates. The U.S. central […]

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Stocks rise on trade optimism, pound strengthens

NEW YORK (Reuters) – Global stock indexes rose on Thursday as optimism over a resolution to the trade war between the United States and China lifted sentiment, while sterling strengthened amid hopes of a second referendum on Britain’s membership in the European Union. U.S. Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested […]

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U.S. weekly jobless claims point to strong labor market

WASHINGTON (Reuters) – The number of Americans filing applications for jobless benefits fell more than expected last week, pointing to sustained labor market strength that could further ease concerns about the economy’s health. The report from the Labor Department on Thursday followed data last week showing employers hired the most workers in 10 months in December and increased wages for […]

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U.S. weekly jobless claims point to strong labor market

WASHINGTON (Reuters) – The number of Americans filing applications for jobless benefits fell more than expected last week, pointing to sustained labor market strength that could further ease concerns about the economy’s health. The report from the Labor Department on Thursday followed data last week showing employers hired the most workers in 10 months in December and increased wages for […]

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