Employment
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SALEM, Ore.-- The unemployment rate in Oregon has dipped below 8 percent for the first time since the nation fell sharply into the Great Recession in the fall of 2008.. The Oregon Employment Department said Tuesday the state unemployment rate was 7.8 percent in May and, after a revision, 7.9 percent in April.
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PHILADELPHIA, June 7- The latest U.S. jobs report showed that government spending cuts have so far not been as damaging as some feared, Philadelphia Fed President Charles Plosser said on Friday, adding it only entrenched his opinion that the central bank should reduce its bond buying "now."
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*TiVo shares sink after settlement with Motorola Mobility, others. NEW YORK, June 7- U.S. stocks jumped on Friday, putting the S&P 500 on track to halt its first two-week losing skid of the year after the May jobs report pointed to an economy still in need of central bank support.
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*Technical rebound led by short covering- FXCM's Ganne. PARIS, June 7- European shares ended sharply higher on Friday, reversing losses after U.S. jobs data indicated the economy was growing but probably not enough to prompt the Federal Reserve to wind down its stimulus measures.
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*Top bullion consumer India steps up gold import curb. NEW YORK/ LONDON, June 7- Gold fell more than 2 percent on Friday, set for its biggest one-day drop in over three weeks, as funds dumped bullion after resilient U.S. jobs data suggested the Federal Reserve could begin to scale back its monetary stimulus later this year.
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*U.S. adds 175,000 jobs in May: Labor Department. The United States added 175,000 jobs last month, Labor Department data showed, just above the median forecast in a Reuters poll. Brent crude rose $1.21 to $104.82 a barrel by 12:05 p.m. EDT, down from its session high above $105 and after going below $103.
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PARIS, June 7- European shares ended sharply higher on Friday, reversing early losses after U.S. jobs data showed the economy was growing modestly but not enough to prompt the Federal Reserve to wind down its stimulus measures. Just look at the volatility index, "said David Thebault, head of quantitative sales trading, at Global Equities.
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Alec Young, Global Equity Strategist at S&P Capital IQ, says the U.S. jobs number was in the "sweet spot" and would help stocks rally.
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European stocks closed higher after a U.S. payrolls gain of 175,000 - not too hot and not too cold - eased fears of the Fed tapering bond buying.
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*TiVo shares tumble after $490 mln settlement with Motorola Mobility, others. NEW YORK, June 7- U.S. stocks rose on Friday, setting the Dow and the S&P 500 indexes on track for a weekly gain, after a jobs report suggested the economy still needs the Federal Reserve's support, soothing some concerns that the Fed might end its stimulus efforts sooner than expected.
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CNBC's Rick Santelli compares Canada's jobs number to this morning's U.S. nonfarm payroll report.
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NEW YORK, June 7- The dollar rose and global equity markets advanced on Friday after U.S. jobs data for May suggested the economy is improving but not enough to persuade the Federal Reserve to start easing back on its monetary stimulus, a good scenario for investors.
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*U.S. adds 175,000 jobs in May: Labor Department. The United States added 175,000 jobs last month, just above the median forecast in a Reuters poll, Labor Department data showed on Friday. Brent crude was up 81 cents to $104.42 a barrel as of 1430 GMT, after earlier falling below $103 a barrel.
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LONDON, June 7- Copper hit a one-week low on Friday after U.S. data showed employers stepped up hiring in May in a show of economic resilience that suggests the Federal Reserve could begin to scale back monetary stimulus later this year. Copper is down nearly 4 percent so far this quarter, and some 8.5 percent this year.
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Jan Hatzius, Goldman Sachs chief economist, explains how he predetermined today's jobs number and what it indicates about the nation's employment picture and economy.
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CNBC's Steve Liesman provides analysis of today's employment report, with Diane Swonk, Mesirow Financial. Art Cashin, UBS Financial Services, and John Manley, Wells Fargo Funds Management, discuss the market's reaction to the better-than-expected report.
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*Hiring points to economy still in need of Fed's help. NEW YORK, June 7- U.S. stocks rose on Friday after a jobs report suggested the economy still needs the Federal Reserve's support, soothing some concerns that the Fed might end its stimulus efforts sooner than expected.
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"Today's report shows that the economy is continuing to recover," said Alan Krueger, White House Council of Economic Advisers chairman, commenting on today's better-than-expected employment report.
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NEW YORK, June 7- Wall Street was set for a higher open on Friday after a jobs report suggested the economy still needs the Federal Reserve's support, which quelled fears that the Fed may end its stimulus efforts sooner than expected.
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WASHINGTON, June 7- U.S. employers stepped up hiring in May in a show of economic resilience that suggests the Federal Reserve could begin to scale back the amount of cash it is pumping into the banking system later this year. The United States added 175,000 jobs last month, just above the median forecast in a Reuters poll, Labor Department data showed on Friday.
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The "Squawk on the Street" news team reports on today's top business headlines, including reaction to this morning's better-than-expected jobs number and its impact on the economy and Fed policy.
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