US job growth picks up in July as labor market defies recession fears

A pedestrian walks past a “Help Wanted” sign on the door of a hardware store in Cambridge, Massachusetts, U.S., July 8, 2022. REUTERS/Brian Snyder/ Sign up now for FREE unlimited access to Record Nonfarm payrolls increase 528,000 in July Unemployment rate falls to 3.5% from 3.6% in June Average hourly earnings increase 0.5%; 5.2% … Read more

Weekly US jobless claims rise, but labor market remains tight

Weekly jobless claims rise from 6,000 to 260,000 Continued claims rise 48,000 to 1,416 million The trade deficit is reduced by 6.2% to 79.6 billion dollars in June WASHINGTON, Aug 4 (Reuters) – The number of Americans filing new claims for jobless benefits rose last week, suggesting some easing in the labor market, though overall … Read more

Stocks hold steady as markets bet on a sharp BoE hike

The market bets on a 50 bp rise in the Bank of England Fed official: 50 bp hike in September is “reasonable” Oil rebounds from six-month lows Lufthansa returns to operating profit Credit Agricole sees a rise in profits LONDON, Aug 4 (Reuters) – Strong earnings from Credit Agricole and Lufthansa buoyed shares on Thursday, … Read more

US corporate profits, economic outlook surprisingly optimistic

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 7, 2022. REUTERS/Brendan McDermid Sign up now for FREE unlimited access to Record NEW YORK, Aug 2 (Reuters) – Corporate America is reporting mostly upbeat news this earnings season, surprising investors who had been bracing … Read more

Analysis: World’s largest bond markets are back in fashion as recession fears mount

Global indices are displayed on a screen on the floor of the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 19, 2021. REUTERS/Andrew Kelly Sign up now for FREE unlimited access to Record LONDON, July 29 (Reuters) – One day you’re out, the next you’re in: The world’s battered sovereign … Read more

S. Korea inflation near 24-yr high; markets focus on weak economy

FILE PHOTO: An office worker eats his lunch at a convenience store in Seoul, South Korea, June 24, 2022. REUTERS/ Heo Ran Register now for FREE unlimited access to Register July inflation near 24-yr high of 6.3%, same as forecast Central bank says July data was in line with its projection Bonds rally as … Read more

US labor market powers ahead with strong job gains despite recession fears

Nonfarm payrolls increased 372,000 in June Private sector employment back above pre-pandemic level Unemployment rate holds steady at 3.6% Average hourly earnings rise 0.3%; up 5.1% year-on-year WASHINGTON, July 8 (Reuters) – US employers hired far more workers than expected in June and continued to raise wages at a steady clip, signs of persistent labor … Read more