UNEMPLOYMENT RATE
Tech layoffs were just the start: 1.6 million more US job cuts could push America toward recession
US technology layoffs have crossed 200,000 in 2026, with Google, Microsoft, Amazon and other major companies cutting jobs. But the bigger concern is whether the trend will spread to retail and financial services, where another 1.6 million job losses could push unemployment higher and raise fears of a US recession.
Fed’s Christopher Waller opens door to 50-basis-point December rate hike after hot CPI
Federal Reserve Governor Christopher Waller has raised the possibility of a 50-basis-point December rate hike after US core inflation rose 0.3% in October. Persistent price pressures have intensified debate over tighter monetary policy and the Fed's inflation-fighting credibility.
India's unemployment rate falls to 5.1% in July-September as rural joblessness declines
India's unemployment rate saw a decline to 5.1% from 5.4% in the prior quarter. The decrease in unemployment primarily occurred in rural areas, where it fell to 4.3%. The survey indicated that more individuals were either working or seeking jobs during this period. Women's employment participation also improved, rising to 34.7% from 33.2%. The overall employment figure reached approximately 57.9 crore individuals in India.
Americans growing more worried about jobs amid rising prices, finds NY Fed survey
* NY Fed survey finds rising worry over future unemployment * NY Fed poll finds little change in expected inflation * NY Fed survey reports stability in personal financial situations (Adds graphics)
US dollar dips as easing AI and Mideast worries limit its appeal
After a six-month high, the US dollar is now on a downward trend, largely spurred by impressive job growth figures. Investors are eagerly awaiting the upcoming consumer price index data, a key factor for Federal Reserve rate considerations. Meanwhile, the euro and other currencies are rebounding against the dollar, backed by solid economic indicators.
US jobs market shows broad-based recovery in October as hiring beats estimates
US employers added 165,000 jobs in October, far exceeding expectations, while unemployment fell to 4.1%. However, a closer look reveals uneven labour market trends, with foreign-born workers driving gains, manufacturing recovering and job seekers facing longer unemployment spells.
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Yuan holds firm against dollar as seasonal corporate selling offsets greenback strength
China's yuan remained stable against the US dollar as seasonal year-end dollar sales by exporters offset greenback strength following robust US jobs data. Beijing's efforts to manage currency appreciation, alongside foreign exchange reserve adjustments, supported stability. Meanwhile, inflation trends and subdued domestic demand continued influencing monetary policy and currency movements.
MCX gold prices rise Rs 1,400/10g; silver up Rs 4,000/kg as fall in oil ease rate hike bets. Buy, sell or hold?
Gold and silver prices rallied on MCX as falling oil prices eased inflation concerns and a weaker dollar supported bullion. Investors now await US inflation data for clues on the Federal Reserve's interest rate trajectory, while analysts track key technical levels.
US dollar holds onto payrolls gains, NZ dollar rises after election
Dollar index steadies at 102.20 after jumping about 0.7% Friday * Fed hike bets rekindled after receding amid AI stock selloff * NZ ballot too close to call, leader will not be known for weeks TOKYO
Gold edges up as softer crude tempers inflation concerns
Gold prices edged higher on Monday as softer oil prices eased inflation concerns, though gains were capped by expectations that the Federal Reserve will keep US interest rates higher
Voters demanded economic relief. Trump and Democrats face tough choices on how to deliver
Voters have conveyed a clear message about the necessity of addressing inflation and economic issues. Both parties are preparing to respond to the economic challenges revealed by recent election outcomes. The Federal Reserve may gain independence to curtail inflation as Trump and Democrats grapple for control. Efforts to secure Social Security funding are urgent as benefits become jeopardized after 2032.
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.
Charting the global economy: Job growth in US tops all forecasts
US employment rose significantly last month, with the jobless rate declining to 4.1%, indicating robust economic activity. Labor productivity increased sharply in the third quarter, reflecting business adaptation to rising costs and greater efficiency.
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.
Gold drops as strong US payrolls boost dollar, yields
In light of stronger-than-anticipated US payroll figures, gold prices dipped significantly as the data suggested a robust labor market. This development heightened expectations for sustained high-interest rates from the Federal Reserve, bolstering the dollar's strength. Spot gold saw a decline of 0.3% to reach $4,074.36 per ounce, while US gold futures fell by 0.9%. However, Indian retail demand picked up ahead of Diwali festivities, taking advantage of the lower prices.
Nasdaq rebounds but posts fourth straight weekly decline
On Friday, technology stocks saw a significant rebound, boosting investor optimism about growth in artificial intelligence amidst recent market fluctuations. The semiconductor sector soared, primarily driven by impressive gains from Nvidia and Advanced Micro Devices. Although this recovery was strong, the Nasdaq recorded its fourth consecutive weekly fall, hinting at a mixed market outlook. Job indicators remain strong, influencing Federal Reserve interest rate hike expectations.
US stocks today: Nasdaq rebounds from tech rout but extends weekly losing streak to four weeks
US stocks rebound as chipmakers recover from Thursday's steep selloff, but the Nasdaq records its fourth consecutive weekly decline. Nvidia, AMD and Sandisk lead technology gains as investors reassess AI investment concerns. Strong October jobs data also revive December Fed rate hike bets, adding another challenge for Wall Street.
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.
US stocks today: Nasdaq rebounds as chip stocks recover from steep losses, rate fears persist
US stocks rebound as chipmakers recover from Thursday's steep AI-led selloff, lifting the Nasdaq 1.73%. Nvidia, AMD, Intel and Micron lead the recovery, while stronger-than-expected October jobs data revive concerns over a December Fed rate hike. Airbnb rallies after raising its full-year revenue growth forecast, while Atlassian shares decline.
US stock market today: Why is the Nasdaq up 1% while the Dow Jones falls? S&P 500 turns green amid tech stock volatility and Fed rate hike fears over strong October jobs report
US stock market today: Wall Street is seeing a split recovery on Friday after Thursday's AI-led sell-off. The Nasdaq has jumped 1.02%, while the Dow Jones has fallen 0.90% and the S&P 500 gained 0.29%. Nvidia, AMD, Intel, Broadcom and Micron were among the chipmakers recording gains in early trading. Nvidia's rebound has been particularly important because of its large weight in the broader market.
US employers added a surprising 165,000 jobs in October; unemployment rate dipped to 4.1%
US employers added 165,000 jobs last month, surpassing economists' expectations and bringing the unemployment rate down to 4.1%. The Labor Department also revised previous months' job figures upwards, indicating stronger hiring trends.
US stock market today: Dow futures fall 475 points as S&P 500 and Nasdaq futures rebound, Nvidia, Micron and AMD lead chip recovery after $3 trillion AI-driven Wall Street selloff
US stock market futures are mixed today, Friday, Nov. 6, after Thursday’s nearly $3 trillion AI-led selloff, as chip shares attempt a rebound. Dow futures are down 475 points, while S&P 500 futures gain 0.26% to 7,402.50 and Nasdaq futures rise 1.33% to 27,107.75. The Nasdaq plunged 5.52% yesterday; the S&P 500 fell 4.36% and the Dow lost 3.44%.
Gold set for weekly gain as markets await US payrolls data
Gold prices have seen a surge in early Asian markets, climbing by 0.4% as investors brace for the crucial US non-farm payrolls report. With a projected weekly increase of 5.9%, market sentiment remains optimistic. Two Federal Reserve officials have floated the idea of gradual interest rate hikes to tackle inflation.
US weekly jobless claims at 57-year lows amid low layoffs
Initial claims for state unemployment benefits fell 6,000 to a seasonally adjusted 189,000 for the week ended October 31, the Labor Department said on Thursday. Economists polled by Reuters had forecast 196,000 claims for the latest week.
What do midterm election results 2026 mean for US Stock Market, Bond Treasury Yields, common Americans?
Donald Trump is not on ballot for US Midterm elections 2026 but election results will give us hint how things will move forward till 2028 Presidential Elections.
US job openings increase sharply by 333,000 in September
In September, the US saw a notable increase in job openings, showing a rise of 333,000. Layoffs fell to 1.641 million, providing evidence of a resilient labor market. Hiring activities also increased, reflecting a hires rate rise from previous months. However, concerns regarding the ongoing US-Israeli conflict with Iran may be impacting hiring decisions. Economists maintain that the labor market remains characterized by stable demand and low layoffs.
Thinking of moving for a better job? These 10 US states offer the strongest employment opportunities in 2026
Best and worst states for jobs in the US: Moving to another state for work can be a big decision. A higher salary may look attractive, but job security, living costs, employee benefits and daily travel also matter. A new WalletHub study has compared all 50 US states to find out where workers have the best and worst employment opportunities in 2026.
Tricky trickle-down
A billionaire attempted to demonstrate trickle-down economics by pouring champagne from his mansion's roof. However, the champagne did not reach his employees, indicating that wealth did not trickle down as intended. Meanwhile, a government reported unexpected economic growth, while citizens faced rising prices and falling wages. Economists celebrated the stock market's rise, projecting a bright future for investors.
Singapore layoffs hit highest level since 2020 in third quarter
Singapore recorded 4,800 retrenchments in the third quarter of 2026, the highest level since late 2020 during the Covid-19 pandemic. The rise, driven by business reorganisations, came despite overall employment growth of 27,700 during the quarter. The Ministry of Manpower flagged emerging weaknesses in parts of the labour market, with more companies indicating plans to retrench employees over the next three months.
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