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Jobs Data

All articles tagged with #jobs data

Markets jitter as June jobs data looms; tech slide drags futures
business10 days ago

Markets jitter as June jobs data looms; tech slide drags futures

US stock futures are mixed ahead of the June jobs report: Nasdaq futures slide about 0.3%, Dow futures edge up around 0.2%, and S&P 500 futures are broadly flat, as a tech-led decline in Asia and a quiet oil backdrop weigh on sentiment. Investors are parsing inflation signals from Federal Reserve officials while awaiting Friday’s nonfarm payrolls release, expected to show about 115,000 jobs added in June with the unemployment rate at 4.3%. A stronger jobs reading could lift rate-hike expectations for the year, adding to a cautious market mood amid mixed data and geopolitical headlines.

AI-fueled rally cools as U.S. stock futures ease ahead of jobs data
markets12 days ago

AI-fueled rally cools as U.S. stock futures ease ahead of jobs data

U.S. stock futures pulled back on Wednesday after an AI-led rally, with Dow and S&P 500 futures down about 0.4% and Nasdaq-100 futures about 0.6%, following a session that saw the Dow hit a record and tech stocks rally on the back of AI. Investors are weighing easing headwinds like oil prices and ongoing U.S.–Iran talks while awaiting the June jobs report due Thursday to gauge the Fed’s likely path for rate hikes later this year.

Hot Jobs Data Reframes Rates Outlook, Pushing S&P 500 Down $1.4T
markets1 month ago

Hot Jobs Data Reframes Rates Outlook, Pushing S&P 500 Down $1.4T

May payrolls rose 172,000—well above expectations—while unemployment held at 4.3% and inflation hovered near 3.8%, spurring a shift from expectations of rate cuts to bets on higher-for-longer rates. That outlook sent Treasury yields higher and erased about $1.4 trillion of S&P 500 market value in a single session, marking a dramatic re-pricing of rates despite a resilient economy. Investors also weighed big equity raises and AI-related IPOs (Meta, SpaceX, Anthropic, Alphabet) that could widen supply, reinforcing concerns that higher rates could persist into 2027 while earnings and valuations navigate the new regime.

Robust Jobs Data Triggers S&P 500 Selloff Amid Rate-Shift Bets
markets1 month ago

Robust Jobs Data Triggers S&P 500 Selloff Amid Rate-Shift Bets

May payrolls rose 172,000 vs expectations, wiping about $1.4 trillion from the S&P 500 as rate-cut bets collapsed; a resilient labor market and inflation near 3.8% pushed traders to price in higher-for-longer rates into 2027. AI-focused stocks faced additional pressure from looming stock offerings and IPOs, while investors weigh whether valuations can stay elevated if borrowing costs remain higher.

Trump Seeks Market Relief as Stocks Tank, Declares 'It's Raining Jobs!'
business1 month ago

Trump Seeks Market Relief as Stocks Tank, Declares 'It's Raining Jobs!'

After a broad market selloff dragged the S&P and Nasdaq lower, Trump attempted to soothe investors with posts about a strong May jobs report (172,000 jobs; unemployment 4.3%) and claimed growth doesn’t spur inflation, but stocks kept falling. The downturn was led by semiconductor and AI names, and while the May payrolls beat expectations, Trump’s remarks on Truth Social did little to reverse the slide.

Tech momentum fades as booming jobs data cools AI bets
markets1 month ago

Tech momentum fades as booming jobs data cools AI bets

Tech stocks pulled back as momentum leaders reversed recent gains after a strong May jobs report, with Broadcom’s results failing to justify further AI-driven bets and several AI-linked names sliding. Higher yields and altered rate-cut expectations pressured risk assets, sending the S&P 500 down about 1% and the Nasdaq over 2%. The broad rally paused as investors reassessed valuations, while Lululemon fell after cutting its full-year outlook, signaling continued mixed signals for sector-specific names amid the macro backdrop.

Strong Jobs Gain, Yet Supply Gaps Cloud Market Rally
business2 months ago

Strong Jobs Gain, Yet Supply Gaps Cloud Market Rally

April payrolls rose 115,000 with unemployment at 4.3% and wages up 3.6%, even as labor-force participation falls and the labor share of income hits a record low; markets hit new highs on earnings and tech leadership, but El-Erian warns a geoeconomic ceiling could emerge if energy tensions persist and inequality worsens. Consumer confidence is at a record low despite spending, and the Fed is expected to hold rates for now with Warsh taking the helm while Powell stays on the board.

US job growth surprises again, fueling hopes for a Fed pause
business2 months ago

US job growth surprises again, fueling hopes for a Fed pause

The US added 115,000 jobs in April, beating economists’ expectations for the second straight month, while the unemployment rate stayed at 4.3%. Revisions show three-month average gains of about 48,000, hinting the labor market remains sturdy. Strong hiring in retail and transportation/warehousing helped lift stocks, even as wage growth was modest and energy prices rose on a Middle East tensions-driven spillover. The report supports the view that the Fed may hold rates steady for now, with some economists anticipating slower hiring later in the year.

U.S. payrolls rise 115,000 in April as labor market stays resilient amid Iran-war energy shock
economy2 months ago

U.S. payrolls rise 115,000 in April as labor market stays resilient amid Iran-war energy shock

U.S. payrolls rose 115,000 in April and the unemployment rate held at 4.3%, signaling a resilient labor market even as energy prices stay elevated amid the U.S.–Iran conflict. Healthcare led gains, with transportation/warehousing and retail adding jobs, IT fell, and 4.9 million workers were employed part-time for economic reasons; wages rose 3.6% year over year.

Markets slip as U.S.-Iran tensions flare and jobs data looms
markets2 months ago

Markets slip as U.S.-Iran tensions flare and jobs data looms

U.S. stock futures slipped about 0.1% as investors weighed renewed U.S.-Iran tensions and Friday’s jobs report, with oil rising roughly 2% after attacks in the Strait of Hormuz. The S&P 500 and Nasdaq declined while the Dow fell over 300 points, though earnings strength remains a support. Investors await April unemployment data (expected around 55,000 new jobs and a 4.3% unemployment rate).