RPT- FED SAYS ECONOMY EXPANDING AT SOLID PACE, WITH STRONG JOB GAINS AND A LOWER UNEMPLOYMENT RATE.» Read More
Here are 7 ways market leaders stay ahead of the competition — and ahead of the curve.
Despite anecdotal evidence, a new study is dismissing the U.S. manufacturing renaissance as little more than a "myth."
Jan Hatzius, chief economist at Goldman Sachs, says that low wage growth in the U.S. is holding down core price inflation, which will delay a U.S. Federal Reserve rate hike beyond June's meeting.
If Thursday's unemployment rate shows an uptrend towards 6.5 percent, the Reserve Bank of Australia may consider cutting rates in February or March, says David Degaris, Director & Senior Economist at NAB Global Markets Research.
Apart from losing 273,000 workers last month, most of the job growth happened in the group aged over 55 who are not intense consumers, says Tony Nash, Vice President at Delta Economics.
SINGAPORE, Jan 12- Gold rose to its highest level in a month on Monday as the dollar slipped on concerns over weakness in the U.S. labour market, burnishing the metal's safe-haven appeal. *Spot gold climbed to $1,226.16 an ounce- its highest since Dec. 12, before settling up 0.2 percent at $1,224.70 by 0035 GMT. *In a reflection of investor sentiment, SPDR Gold Trust, the...
Richard Harris, Chief Executive at Port Shelter Investment Management, says December's jobs report is encouraging and explains why U.S. retail sales are rising amid stagnant household income.
The drop in wages is at odds with other wage indicators, JPMorgan's chief U.S. economist, Michael Feroli, told CNBC.
NEW YORK, Jan 9- Investors with sizeable gains from the dollar's strong move upward in recent weeks sold the greenback to capture profits on Friday despite a solid U.S. jobs report that bolstered the case for the Federal Reserve to raise U.S. interest rates later this year. "It looks like some trimming of positions heading into the weekend, but the strong dollar is...
The average hourly earnings declined in December. Discussing the health of the employment in the middle class, with Doug Holtz-Eakin, The American Action Forum; Tara Sinclair, Indeed.com.
CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories. The college football championship is Monday, and earnings begin in earnest, next week. Retail sales will also be released next week.
Discussing how today's jobs report may influence the Federal Reserve, with Michael Gapen, Barclays; Tom Gimbel, LaSalle Network; and Jeffrey Cleveland, Payden and Rygel.
*Average hourly earnings fall five cents; workweek steady. WASHINGTON, Jan 9- U.S. job growth increased briskly in December, but wages unexpectedly fell in a sign the tightening labor market has yet to give much of a boost to workers. Nonfarm payrolls increased 252,000 last month after an upwardly revised jump of 353,000 in November, the Labor Department said on...
*Bed, Bath& Beyond stumbles after results, outlook. NEW YORK, Jan 9- U.S. stocks fell in Friday afternoon trading after of a two-day rally as investors assessed a monthly payrolls report that gave mixed signals on the economy and energy stocks fell alongside another drop in crude prices. "I don't necessarily think the wage decline is such a big deal but what it does tell...
LONDON, Jan 9- Sterling recovered some ground on Friday, pushing back above $1.51 as the dollar retreated broadly after U.S. payrolls data that showed the economy creating jobs robustly without generating much wage growth. By late trade in London, sterling was half a percent higher at $1.5157 and 0.1 percent stronger against the euro at 78.09 pence.
WASHINGTON, Jan 9- The U.S. economy added the largest number of jobs in 15 years in 2014, yet a surprising five-cent drop in average hourly earnings in December raises questions over whether a tightening labor market will ever translate into more money in the pockets of ordinary Americans. That relationship, however, has broken down in the recoveries from the...
*Bed, Bath& Beyond stumbles after results, outlook. Nonfarm payrolls rose in December, topping Wall Street expectations while November's surprising gain was also revised higher. But the one really puzzling thing is the lack of any wage growth and in fact, wage decline, in December, "said David Kelly, chief global strategist for JPMorgan Funds in New York.
While the U.S. nonfarm payrolls report beat expectations, wage figures disappointed. Themis Themistocleous, head European investment office at UBS, says that they expect the U.S. Federal Reserve to raise interest rates around the middle of 2015.
NEW YORK, Jan 9- The dollar cut its losses on Friday after better-than-expected U.S. jobs data for December left intact the case for the Federal Reserve to increase interest rates and give the greenback a further investment yield advantage. However, disappointment in the report came in the form of a five cent drop in average hourly earnings.
WASHINGTON, Jan 9- U.S. job growth increased briskly in December and the jobless rate dropped to a 6-1/ 2 year low, but wages slipped in the latest sign a tightening labor market has yet to give much of a boost to workers. Nonfarm payrolls increased 252,000 last month after an upwardly revised 353,000 jump in November, the Labor Department said on Friday.