TikTok tells US employees their jobs are ‘secure’ even if app is banned: internal memo
TikTok plans to continue paying its U.S. employees even if the Supreme Court doesn't overturn laws forcing or banning the short video app's sale in the U.S., company executives said Tuesday. This was said in an internal memo seen by Reuters. This hugely popular platform is owned by China-based ByteDance, which has 7,000 employees in […]
U.S. Jobs Market Strengthens For Third Straight Month, Conference Board Says
The U.S. labor market is likely to remain strong in the coming months, according to monthly employment trends indicators, indicating that the softening seen in the middle of last year is temporary. The Conference Board's employment trends index rose to 109.7 from a downwardly revised 109.45 in December, a private research group said Monday. “The […]
US Dollar Forecast: DXY Gains, EUR/USD Drops as U.S. Jobs Data Boosts Fed Pause Case – FX Empire
The index is holding steady above its 50-day moving average of 106.812, confirming a strong intermediate uptrend. The 200-day moving average of 104.557 provides long-term support. DXY rose 0.44% to 109.640, its highest since November 2022, and its sixth straight week of gains, the longest since 2023. Strong payroll data fuels dollar momentum The Labor […]
U.S. Economy Added 256,000 Jobs In December
U.S. employers added 256,000 workers in November, and the unemployment rate fell to 4.1%, the Labor Department said Friday. Economists had expected 153,000 jobs and a flat unemployment rate of 4.2%. Employment figures for the previous month were revised downward from 227,000 to 212,000. Most of the job creation in December came from the private […]
US adds whopping 256K jobs in December
The U.S. added 256,000 jobs in December, and the unemployment rate fell to 4.1%, according to data released Friday by the Labor Department. December employment data showed the U.S. economy outperformed year-end forecasts. Economists expect the U.S. to add 155,000 jobs and keep the unemployment rate at 4.2%, according to consensus estimates. The new employment […]
US adds 256K jobs in December, dimming rate cut hopes
U.S. employers added a surprisingly strong 256,000 jobs in December, but hopes that the Federal Reserve will cut interest rates anytime soon are fading. The explosive numbers released by the U.S. Bureau of Labor Statistics were a sharp increase from the previous month as employment recovered from strikes and major hurricanes, and lifted traders' expectations […]
US economy added 256K jobs in December, well above expectations
Kathryn Rooney Vera, chief market strategist at StoneX, talks about the importance of reducing federal spending on moneymaking. The U.S. economy added jobs faster than expected in December, as Federal Reserve policymakers watch the strength of the labor market ahead of a meeting later this month. The Labor Department reported Friday that employers added 256,000 […]
EUR/USD: Euro Floats Quietly Below $1.03 as FX Traders Brace for Key US Jobs Report – TradingView
Important points: Euro falls below $1.03 Markets focus on impending jobs report The outlook for the euro remains bleak Illustration: TradingView Expectations for employment growth are not very high, and a solid increase above this could confuse currency speculators. Here's what you need to know: of euro dollar pair The stock held steady below $1.03 […]
Dollar gains extend ahead of US jobs reading – Yahoo Finance
Written by Tom Westbrook SINGAPORE (Reuters) – The dollar was on track to extend its longest weekly winning streak in more than a year on Friday, buoyed by rising bond yields and hopes that U.S. jobs data will be strong again. The dollar rose 0.5% against the yen this week to buy 158.03 yen, adding […]
Gold surges on mixed US jobs data and FOMC minutes – FXStreet
Gold rose after Fed minutes signaled a possible slowdown in the rate cutting cycle. The U.S. dollar index continues to rise, while U.S. Treasury yields have retreated slightly from recent highs. Gold market watchers will be keeping an eye on the US non-farm payrolls report and consumer sentiment data. North American trading comes after the […]