All articles tagged with #payrolls
Bitcoin and ether held gains above $61,000 and $1,700 respectively after a softer-than-expected US payrolls report cooled expectations for further Fed tightening, with U.S. spot Bitcoin ETFs logging inflows and risk appetite returning. The data blurred a clear dovish signal amid mixed wage data and the upcoming CPI/PPI prints, leaving near-term volatility and a potential shift in rate expectations as the key driver.
The June 2026 US payrolls increased by 57,000, far below economists’ expectations of about 113,000, while the unemployment rate fell to 4.2% (its lowest in a year). April and May payrolls were revised downward by a combined 74,000, dampening momentum. Job gains came from professional and business services, social assistance, and healthcare, but leisure and hospitality lost 61,000 positions as seasonal hiring cooled. The labor-force participation rate also slipped to 61.5%, suggesting softer overall labor-market strength.
U.S. nonfarm payrolls rose by 57,000 in June, well below economists’ 113,000 forecast, while the unemployment rate dipped to 4.2% and the labor-force participation rate held at 61.5%. Gains were led by professional/business services, social assistance, and healthcare, but leisure and hospitality fell by 61,000 after May’s surge; April and May payrolls were revised down by a combined 74,000. The report signals a cooling labor market as the year heads toward mid-year.
Goldman Sachs estimates World Cup-related activity could add about 40,000 jobs to June’s payrolls, nudging total nonfarm payroll growth to roughly 140,000 and above the 115,000 consensus, with the boost concentrated in leisure/hospitality, professional services, and trade/transport; Homebase data also show hospitality hiring rising while World Cup hosting cities lag year over year.
U.S. payrolls rose by 172,000 in May, beating expectations, with the unemployment rate steady at 4.3%; gains were broad, led by leisure and hospitality (+70k), local government (+55k), and health care (+35k). Average hourly earnings rose 0.3% for the month and 3.4% year over year. Revisions to prior months improved the picture, and the Fed is likely to hold rates as inflation remains the focus.
Gold rose about 0.4% to around $5,096 per ounce as softer U.S. payrolls kept hopes for a Federal Reserve rate cut alive, but a stronger dollar and ongoing Middle East tensions capped gains and left bullion on track for its first weekly decline in five weeks. U.S. futures for April rose to about $5,105/oz, payrolls fell 92,000 with the unemployment rate at 4.4%, and markets await the Fed’s March 18 decision with a July cut widely anticipated.
U.S. stocks fell Friday after a weak February jobs report suggested slower growth, with the Dow sliding about 600 points as the S&P 500 and Nasdaq retreated; oil jumped toward $90 a barrel, fueling inflation concerns and keeping pressure on the Fed, while investors await further clues on monetary policy amid geopolitical tensions.
U.S. stocks fell after February nonfarm payrolls unexpectedly contracted by 92,000, vs a +60,000 consensus and +126,000 prior. The Dow dropped about 1.6%, S&P 500 futures were down 1.3%, and the Nasdaq Composite fell around 1.5%.
Stocks fell as U.S.-Iran tensions and a spike in oil prices sparked risk-off trading, with the Dow down about 1.6% for the week and the S&P 500 and Nasdaq modestly lower; oil surged to around $81 a barrel, lifting energy concerns. Futures were mixed after the session, with Dow futures up roughly 0.2% and S&P/Nasdaq futures near flat. Traders await Friday’s February nonfarm payrolls report for clues on the labor market, with economists eyeing ~50,000 jobs and a 4.3% unemployment rate. In after-hours trading, Marvell Technology rose on AI demand while Gap slipped on earnings.
The dollar weakened broadly as IMM data showed speculative short positioning jumping to $16.82B ahead of an unusual Wednesday payrolls release and potential downward revisions to 2025 job data; EUR/USD rose and USD/JPY fell, with a China report urging banks to curb US Treasuries exposure failing to drive yields much higher, suggesting the move could fade as markets refocus on fundamentals.
Private payrolls declined by 32,000 in September, marking the largest drop in 2½ years, amid a government shutdown that delays key labor data releases, signaling a potential slowdown in the U.S. labor market despite overall economic growth.
A feud between Donald Trump and Elon Musk caused a 14% drop in Tesla shares, erasing $150 billion in market value, amid broader market concerns ahead of U.S. payrolls data and potential economic impacts. The markets also reacted to geopolitical tensions, trade talks, and European Central Bank rate decisions, with investors cautious about upcoming economic indicators.
In November, nonfarm payrolls increased by 227,000, surpassing expectations, as the impact of previous labor strikes and storms diminished. The unemployment rate rose slightly to 4.2%, with a broader measure including discouraged workers reaching 7.8%. Job growth was notable in health care, leisure and hospitality, and government sectors, while retail trade saw a decline. Average hourly earnings increased by 0.4% month-over-month and 4% year-over-year, both slightly above forecasts.
The U.S. dollar saw a slight increase ahead of significant economic data releases expected to influence Federal Reserve policy decisions. Investors are particularly focused on the upcoming U.S. nonfarm payrolls data, which could impact the Fed's approach to interest rates. The euro retreated from a five-month high, while the British pound's gains could be tempered by expectations of a Bank of England rate cut in 2024. The Japanese yen weakened following a major earthquake, and the Chinese yuan also edged higher despite weak manufacturing data.
UK November payrolls decreased by 12,000, indicating a softening labor market, while average weekly earnings showed a slight decline. This may lead to a pause by the Bank of England (BOE) as wage pressures ease. However, the jobless rate remained steady, suggesting stability in the overall labor market. GBP/USD experienced a slight drop in response to the news.