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Jobs report is a boom for migrants, slump for Americans

Kenny Polcari, chief market strategist at SlateStone Wealth, appeared on “Varney & Co.” to react to August's unemployment rate. A new jobs report for August shows that employment numbers for U.S.-born and foreign-born workers are on very different trajectories. According to data released by the Bureau of Labor Statistics, a division of the Department of […]

August jobs report breakdown: Which industries hired the most workers?

Kenny Polcari, chief market strategist at SlateStone Wealth, appeared on “Varney & Co.” to react to August's unemployment rate. Increased employment GDP rose slightly in August but fell short of economists' expectations as job losses in manufacturing, retail and other sectors partly offset gains in other sectors. In its monthly employment report released on Friday, […]

Bitcoin Hits Lowest Price in a Month Following Weak US Jobs Report – Decrypt

Bitcoin Price Bitcoin plummeted to below $54,000 per coin on Friday after the U.S. jobs report showed payroll numbers were weaker than expected. Bitcoin, the largest digital asset by market cap, is currently trading at $53,829, its lowest price since Aug. 5, according to CoinGecko. It has fallen about 5% in the past 24 hours […]

Dow tumbles over 300 points after weak jobs report spooks investors

Wall Street's main stock indexes fell on Friday after a key jobs report did little to dispel uncertainty over the size of an expected interest rate cut when the Federal Reserve meets later this month. In recent trading, the Dow Jones Industrial Average fell 352 points, or 0.9%, to 40,409. The S&P 500 was down […]

US jobs report for August weaker than expected

The U.S. labor market weakened last month, with payrolls rising by just 142,000 in August, well below the 161,000 that analysts had expected. Stock market futures fell sharply before the open on Friday after the Labor Department also cut its forecast for July payrolls, now showing an 89,000 increase compared to an earlier estimate of […]

US futures point lower ahead of crucial August jobs report – Investing.com

Investing.com — U.S. stock futures were trading below flat on Friday as investors awaited a long-awaited labor market report that could influence the Federal Reserve's next monetary policy decision. By 6:21 a.m. ET (10:21 a.m. GMT), the contract was down 130 points, or 0.3 percent, down 34 points, or 0.6 percent, and down 207 points, […]