U.S. labour market sends mixed signals, giving Fed reason to pause rate hikes

  • 📰 financialpost
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 85%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

U.S. payrolls surged along with joblessness in May, giving the Fed more reason to pause interest\u002Drate hikes. Find out more.

Even though labour demand has remained resilient, it’s unclear how long that will last. With a credit crunch threatening to halt the expansion and more companies planning to let workers go, hiring and pay gains may slow substantially in the coming months.

The jobs report is one of the last major releases policymakers will see before they convene on June 13 for a two-day meeting. That morning, they’ll also see the consumer price index for May.Article contentThe jobs report is made up of two surveys: one of households, where the unemployment rate comes from, and the other of businesses, which generates the payrolls and wage figures.

The business survey, however, painted a picture of strength. Payrolls beat estimates for a 14th straight month, and wages among workers who aren’t in management roles — the vast majority of the labor force — rose 0.5 per cent, the most in six months.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 7. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

U.S. labour market sends mixed signals, giving Fed reason to pause rate hikesU.S. payrolls surged along with joblessness in May, giving the Fed more reason to pause interest\u002Drate hikes. Find out more.
La source: nationalpost - 🏆 10. / 80 Lire la suite »

Stock market today: Asia follows Wall Street up on hopes Fed will ease off rate hikesAsian stock markets followed Wall Street higher Friday ahead of a U.S. jobs update after Federal Reserve officials reignited hopes another interest rate hike might be postponed.
La source: CTVCalgary - 🏆 26. / 68 Lire la suite »