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U.S. job growth cools in November, monthly wage gains modest

“Construction employment rose by only 5,000 jobs after companies added 24,000 workers to their payrolls in October” writes Midwest Communications Inc for 95kqds.com. Manufacturing employment increased by 27,000 jobs last month after rising 26,000 in October.Employment growth could slow further in the months ahead.Transportation and warehousing payrolls rose by 25,400 jobs, driven by seasonal hiring. Source: 95kqds.com Share This:

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Treasury yields muted ahead of nonfarm payrolls

“U.S. government debt prices were lower on Friday morning as investors waited for fresh nonfarm payrolls” writes Silvia Amaro for cnbc.com. The yield on the benchmark 10-year Treasury note was seen trading higher at 2.8791 percent at around 2.50 a.m.ET, while the yield on the 30-year Treasury bond was in the black, trading at 3.1434 percent. Bond yields move inversely to prices. Source: cnbc.com Share This:

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Dollar struggles on Fed pause talk ahead of jobs data

“The benchmark U.S. 10-year Treasury yield was last at 2.896 percent after dipping overnight to its lowest level since late August” writes unknown author for cnbc.com. The dollar index, which measures the greenback against a basket of six major peers, was virtually flat at 96.802.The spread between the two-year and five-year U.S. Treasury yields inverted this week and the two-year/10-year spread was at its tightest in more than a decade amid a sharp fall in long-term rates.”The dollar funding over the calendar year-end hasn’t really been as aggressive as we’ve…

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U.S. employment report seen calming fears over economy

“A strong employment report would allay fears about the economy’s health and increase the probability of the Fed raising interest rates more than once next year” reports businessinsider.com. An early Thanksgiving is expected to have boosted retail employment while transportation and warehousing payrolls probably rose, driven by seasonal hiring. Manufacturing employment is forecast increasing by 20,000 jobs last month after rising 32,000 in October.Nonfarm payrolls probably increased by 200,000 jobs last month, according to a Reuters survey of economists, after surging 250,000 in October.Minutes of the Fed’s November policy meeting…

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US job growth surges in October

“That boosted the annual increase in wages to 3.1 percent, the biggest gain since April 2009, from 2.8 percent in September” writes Aol Staff for aol.com. Sustained labor market strength could ease fears about the economy’s health following weak housing data and stalling business spending.Last month, employment in the leisure and hospitality sector increased by 42,000 jobs after being unchanged in September.WASHINGTON (Reuters) – U.S. job growth rebounded sharply in October and wages recorded their largest annual gain in 9-1/2 years, pointing to further labor market tightening that could encourage…

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U.S. job growth seen accelerating; strong annual wage gain expected

“Sustained labor market strength could ease fears about the economy’s health following weak housing data and stalling business spending” writes Midwest Communications Inc for 95kqds.com. Strong annual wage growth would mirror other data published this week showing wages and salaries rising in the third quarter by the most since mid-2008.WASHINGTON (Reuters) – U.S. job growth likely rebounded in October, with wages expected to have recorded their largest annual gain in 9-1/2 years, pointing to further labor market tightening that could encourage the Federal Reserve to raise interest rates again in…

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Gold prices steady ahead of US nonfarm payroll data

“Gold prices were steady in early Asian trade on Friday, after rising about 1.5 percent in the previous session, while the dollar inched up ahead of the U.S. payrolls data due later in the day” reports cnbc.com. Sales of gold and silver products by the Perth Mint fell in October, the mint said on Thursday.Spot gold was steady at $1,232.72 per ounce, as of 0116 GMT. Prices climbed to their highest since Oct. 26 at $1,237.39 per ounce on Thursday after falling for three days in a row.Trump increased economic…

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GREAT: ‘Robust’ jobs market sees another 227,000 hires…

“The only blemish is the struggles small businesses are having filling open job positions.”” writes Jeff Cox for cnbc.com. “The job market bounced back strongly last month despite being hit by back-to-back hurricanes,” Mark Zandi, chief economist at Moody’s, said in a statement.Small businesses, which have paced much of the recovery, lagged with just 29,000 new hires, another sign of a tightening job market where qualified workers are getting harder to find. Source: cnbc.com Share This:

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Private payrolls rise in October; wages surge in third quarter

“Private sector wages and salaries rose 0.8 percent in the third quarter after increasing 0.6 percent in the prior period” reports businessinsider.com. State and local government wages increased 0.9 percent after advancing 0.5 percent in the second quarter.Benefits for all workers increased 0.4 percent in the July-September quarter after rising 0.9 percent in the second quarter.They were up 3.1 percent in the 12 months through September, the biggest increase since the second quarter of 2008.Payrolls increased by 134,000 in September, the fewest in a year. Source: businessinsider.com Share This:

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USD: NFP: Consistent With A Gradually Accelerating Inflationary Pressure – CIBC

“The US Non-Farm Payrolls missed expectations with only 134K but other figures were more nuanced” writes Yohay’s Google Profile for forexcrunch.com. The unemployment rate fell two ticks to 3.7% (consensus 3.8%), despite an unchanged participation rate, thanks to a big gain in employment on the household survey. Source: forexcrunch.com Share This:

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