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US employers add 165,000 jobs in October, but worrying joblessness trends remain: Here's what the latest numbers mean for you
US employers added 165,000 jobs in October, resulting in a decrease in the unemployment rate to 4.1 percent. Average hourly earnings saw a year-over-year increase of 3.1 percent, although it remains below the inflation rate. The US Federal Reserve might be considering a potential interest rate hike after the robust jobs report, which could be announced next month.
DA hike: Diwali bonanza for UP govt employees, 63% raise announced; revised rates effective from July 1
The revised allowance will be reflected in the November salary, while the arrears for the preceding four months will be deposited separately into their provident fund accounts. The announcement comes ahead of Diwali, with the revised allowance set to benefit a large section of the state's workforce.
Dollar jumps after strong US payrolls report
The US dollar index jumped significantly following the Labor Department's report indicating an increase of 165,000 jobs last month, which far exceeded economists' forecasts. As a result, the probability of a rate hike from the Federal Reserve climbed to nearly 80% for next month. Moreover, Federal Reserve officials voiced concerns about ongoing inflation, leading to declines for other currencies such as the euro and sterling against the dollar.
Federal Reserve rate hike bets strengthen as US jobs growth beats estimates
Stronger than expected US jobs growth has revived expectations of a December Federal Reserve rate hike, with employers adding 165,000 jobs in October against estimates of 65,000. The unemployment rate fell to 4.1%, while markets raised the probability of a quarter point hike to 85% and brought forward expectations of another increase.
Eurozone bond yields set for biggest weekly fall since September as investors seek safety
Eurozone government bond yields are heading for their steepest weekly decline since late September as investors seek safe-haven assets amid a global technology selloff. Easing expectations of further ECB rate hikes have added to the decline, while Germany's 10-year yield touched a multi-month low.
JSW Dulux cautions against further price hikes as demand risks emerge
JSW Dulux, a paint manufacturer, has increased prices by 13% due to rising crude oil costs. Rajiv Rajgopal emphasized the need to balance future price hikes with consumer demand. Despite the current increases, demand for paints has remained stable thus far, though concerns persist about potential slowdowns. The company reported a 21% year-on-year volume growth in its retained business during the September quarter.
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Fed's Beth Hammack and Thomas Barkin favour gradual rate hikes as inflation stays high
Two officials from the Federal Reserve have supported modest and steady interest rate increases to combat high inflation. They believe these adjustments should minimize disruptions for households, businesses, and financial markets. The Fed has left interest rates unchanged recently, with discussions ongoing about future hikes in December and early next year. The political landscape has shifted following the midterm elections, potentially changing price pressures in the economy.
Adani CNG price crosses Rs 100 per kg mark in Ahmedabad for first time
Adani CNG prices in Ahmedabad have crossed Rs 100 per kg for the first time in history. This price hike has increased rates from Rs 98.47 to Rs 100.77 per kg. In Vadodara, CNG prices have also risen, reaching Rs 98.95 per kg recently. Currently, petrol prices in Ahmedabad are slightly higher at Rs 101.83 per litre. These changes have brought CNG prices closer to petrol rates in the region.
Fed's Beth Hammack favors gradual rate-hike path to lower inflation
Cleveland's Federal Reserve President Beth Hammack has emphasized the need for additional rate hikes to achieve the target inflation rate of 2%. She proposes implementing smaller, more frequent adjustments to minimize impacts on households and markets. Dissatisfied with the last Fed meeting's outcome, Hammack argues that the current monetary policy lacks sufficient restrictiveness.
Bank of England hikes rates to 4%, first raise since 2023, says more may come amid high UK inflation
In a decisive move, the Bank of England has escalated interest rates to 4% amidst spiraling inflation, projected to hit 4.8% in Q2 next year. Governor Andrew Bailey cautioned that further hikes may be necessary, especially with ongoing global conflicts. Market reactions were notably favorable, with the British pound gaining strength against the US dollar. Enhancements in economic data have prompted economists to revise growth forecasts upwards.
68.4% respondents in survey plan job change in 2027; half seek 31%-plus pay hike: Survey
According to a recent survey, 68.4 percent of Indian professionals are planning to explore new job opportunities in 2027. Career growth is identified as the primary motivation for changing jobs, with high salary expectations influencing decisions as well. The report highlights that most professionals feel confident about their job prospects in the evolving job market. Many are actively engaged in upskilling, especially in AI.
BOJ policymakers signal scope for faster interest rate hikes
Bank of Japan policymakers are signalling support for further interest rate hikes, with some open to accelerating monetary tightening if inflation rises faster than expected, minutes of the September meeting showed. The BOJ raised its benchmark rate to 1.25%, a 31-year high, as it seeks to keep inflation near its 2% target.
Punjab CM Bhagwant Mann announces 3% DA hike for 8 lakh government employees this Diwali
Punjab Chief Minister Bhagwant Mann has announced a 3% increase in dearness allowance for state employees and pensioners. This decision will benefit approximately eight lakh government workers and follows recent protests for DA arrears. The previous DA rate was raised from 28% to 53% under the current government. Mann emphasised that his administration is open to employee discussions regarding their demands.
Ahead of Diwali, Gujarat govt hikes DA by 3% for employees, pensioners
The Gujarat government has announced a 3% Dearness Allowance hike for 4.62 lakh serving employees and 5.07 lakh pensioners ahead of Diwali. Effective from July 1, 2026, the increase will bring four months of arrears with November salaries and pensions, costing the state Rs 523 crore in arrears.
Bus, milk fare hikes hit people in Karnataka ahead of Diwali season
Karnataka's Congress government has announced a bus fare hike across all four state-run transport corporations from November 5, with increases averaging 23% for KSRTC and 33-35% for BMTC. Chief Minister DK Shivakumar defended the move, citing mounting losses and operational costs, while challenging the Centre to reduce fuel prices.
Karnataka bus fare hike: BMTC, KSRTC, airport bus passengers to pay more from tonight, check revised fares
Karnataka has increased fares across its four state-run transport corporations, with BMTC passengers in Bengaluru facing hikes of up to Rs 10 and KSRTC fares rising by up to Rs 9. The revised rates take effect from Wednesday midnight, November 4, amid rising diesel costs. The move comes days after Nandini milk and curd prices were also increased.
Oil slide, Treasury strength boost Indian bonds
Indian government bonds experienced an increase due to a significant decline in crude oil prices. A Democratic sweep in the US midterm elections raised hopes for peace in the Middle East. Traders responded positively, adding positions in government bonds as yields softened. Concerns about inflation risks diminished as investors anticipated a delay in interest rate hikes. Market dynamics indicate that Qatar-led mediation efforts are being monitored closely amid these developments.
MCX gold prices at Rs 1.39 lakh/10 gram; silver tanks Rs 2,000/kg as US jobs data fuels rate hike bets. Key levels to track ahead of Dhanteras
In the domestic market, MCX silver futures for December 2026 delivery were down by Rs 2,000 to Rs 1,77,784 per kg. Gold futures for December 2026 delivery fell marginally to Rs 1,30,300 per 10 grams.
Get ready to pay double for parking in Delhi: MCD plans to hike charges at 400 parking lots under GRAP-II; what two-wheeler and car owners need to know
The Municipal Corporation of Delhi (MCD) is likely to double parking charges at around 400 surface parking lots from Wednesday under GRAP-II pollution-control measures. The proposal is awaiting clearance from the civic body's law department and the competent authority. Currently, MCD charges Rs 20 per hour for four-wheelers and Rs 10 for two-wheelers.
A month after RBI’s rate hike, banks start raising deposit rates as liquidity shrinks, Bank of India the latest to move
Domestic banks are beginning to increase their deposit rates due to shrinking liquidity conditions in the market. Bank of India recently announced a rate hike on deposits for various maturities, including a special 500-day option. This decision reflects the growing cost of deposits in the banking system as demand for credit rises. Banking system liquidity has significantly decreased from its peak in early September.
700% jump in airfare: Supreme Court says 'don't travel by air'
The Supreme Court refused urgent listing of a plea alleging a 700% surge in airfares, with the bench telling passengers, "Don't travel by air." The case comes amid growing scrutiny of unpredictable airline ticket prices in India. The court is separately hearing a plea seeking an independent aviation regulator, transparent airfare rules and stronger passenger protection against exorbitant fare hikes.
BOJ signals December rate hike, but path beyond 1.5% remains uncertain
The Bank of Japan has strengthened signals of a possible December rate hike as inflation remains above target. However, uncertainty over Japan’s neutral interest rate and the impact of higher borrowing costs leaves the central bank’s longer-term tightening path unclear.
Price hikes to help Pidilite meet profitability guidance
Pidilite Industries, known for its Fevicol adhesive, anticipates maintaining profitability between 20-24% through price hikes. Managing Director Sudhanshu Vats indicated a 4-5% price increase, with potential for another rise in the March quarter. The company increased prices by 12% in the June quarter following fluctuating input costs, notably for vinyl acetate monomer. Pidilite's consolidated profit increased by 7% year-on-year, with sales rising over 21%.
Milk price hike to protect dairy farmers from mounting financial losses: DK Shivakumar
Karnataka Chief Minister DK Shivakumar announced a Rs 8 increase in milk prices to support dairy farmers. He emphasized the need for higher prices due to rising costs in transportation and packaging. Farmers have been advocating for a price hike for several years, and the Cabinet's decision follows this demand. Comparatively, the milk prices in Karnataka remain lower than in neighboring states.
DA hiked by 3% to 63%: Know the impact of hike on salaries of Level 1-10 central government employees
DA hike news: In a significant update for central government employees, a 63% dearness allowance will be implemented for the period of July to December 2026. This marks a 3% rise in the current allowance, providing enhanced financial assistance. Level 1 employees can expect an increase of Rs 540 in their monthly salary.
DR rises by 3% to 63%: How will the hike impact pension, family pension and commuted pension? See calculations for basic pensions of Rs 10,000 to Rs 50,000
DR hike: On October 28, 2026, Union Minister Ashwini Vaishnaw heralded a notable 3% rise in dearness relief for pensioners, lifting the rate from 60% to 63%. This increase aims to provide substantial financial support to both regular and family pensioners. Those under the Old and Unified Pensioner Schemes will find their monthly pensions adjusted favorably, enhancing financial well-being for many retirees nationwide.
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