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Euro slips on French gridlock; dollar weak after payrolls surprise – Yahoo Finance

Kevin Buckland and Amanda Cooper TOKYO/LONDON (Reuters) – The euro recovered overnight losses to stabilize on Thursday, while the dollar weakened, after France’s general election showed signs of a divided government. The dollar continued to trend lower after Friday’s unexpectedly weak U.S. employment data strengthened expectations that the Federal Reserve will soon start cutting interest […]

‘The Labor Market Is Supported by Government Payrolls’

Good news in a vacuum The U.S. economy added 206,000 new jobs in June, and even the left and mainstream media were quick to acknowledge that. The overall numbers weren’t that great.. The Bureau of Labor Statistics announced on Friday that nonfarm payrolls rose more than forecasters expected in June. On the surface, this sounds […]

US payrolls rose by a strong 275,000 in February

U.S. employers added 275,000 jobs in February, beating Wall Street expectations and demonstrating once again the strength of the labor market in the face of inflation and rising borrowing rates. The figure is higher than the 200,000 job gain that economists had expected for the same month, and the 353,000 job gain that some economists […]

Dollar drops ahead of crucial payrolls data – Yahoo Finance

Written by Tom Westbrook SINGAPORE (Reuters) – The dollar headed for its steepest weekly decline this year on Friday, as Federal Reserve Chairman Jerome Powell expressed confidence in cutting interest rates in the coming months, while expectations of a rate hike in Japan weakened. The yen rose as a result. Traders were on edge, with […]

US payrolls surge by 353,000 in January — nearly doubling forecasts

U.S. employers added a whopping 353,000 jobs in January, more than economists expected and confounding fears of an economic slowdown. The massive figure is nearly double the 185,000 job gain economists expected, and a sharp increase from December’s faster-than-expected 216,000 job gain and November’s 199,000 job gain. . The Labor Department said Friday that the […]