US jobs market breaks out of quagmire
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Washington: The US labor market escaped a quagmire in October, churning out a seven-month record of 337,000 jobs -- far more than predicted by Wall Street.
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The US economy generated new jobs at a disappointing pace in January, but created just enough to push payroll employment to a record high and spare President Bush from joining Herbert Hoover as the only president to end a term with net job losses.
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The economy created 337,000 new jobs in October, nearly double the 169,000 that Wall Street was expecting. The overall unemployment rate rose marginally to 5.5 percent from 5.4 percent.
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WASHINGTON - The unexpected boom in US job creation in October has locked in an interest rate rise Wednesday and will likely encourage another tightening in December, analysts said.
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The dollar may strengthen against the euro this week on speculation the biggest monthly increase in US jobs since May will persuade investors that a mid-year lull in the economy is over, a Bloomberg News survey indicates.
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The housing sector is in a funk, auto sales are weak, and manufacturing jobs are drying up. So why were Friday's employment numbers surprisingly strong?
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The buying power of U.S workers is now rising at the fastest rate since the economic boom of the late 1990s.
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Stocks rose on Friday after news the  economy added more than twice the number of jobs expected last  month, sending the Standard & Poor's 500 index to its highest  in more than 2 1/2 years.
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US job growth revived last month, the government reported Friday, providing fresh ammunition for the presidential candidates as they debate the strength of the economy in the final two months before the election.
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TORONTO -- A roaring jobs market in Canada and disappointing jobs data from the United States helped the Canadian dollar crack 80 cents US in trading yesterday for the first time in more than a decade.
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WASHINGTON Sept. 3, 2004 - America&#39;s payrolls picked up in August, with the economy adding 144,000 jobs, slightly less than economists were forecasting and highlighting the slow and uneven recovery in the labor market that jobseekers have braved.
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The US economy created 337,000 new jobs in October, the government reported Friday, snapping a prolonged jobs slump and sparking renewed hopes that, after years
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The number of new U.S. jobs climbed by an unexpectedly brisk 157,000 in May, while factory activity improved and consumers remained upbeat, according to data on Friday which suggested the economy was bouncing back.
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US jobless claims rose unexpectedly last week in more worrying news for the labor market, government data showed on Thursday, while other indicators offered more positive signals for the economy.
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TORONTO (CP) - A roaring jobs market in Canada and disappointing jobs data from the United States helped the Canadian dollar crack 80 cents US in trading Friday for the first time in more than a decade.
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The best of times, or the worst of times. The US economy is the strongest in years, or is mired in the deepest employment crisis in decades.
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Growth in the U.S. service sector rose unexpectedly in June, while the job market also appeared to pick up some steam, according to reports on Thursday that signaled strength in the economy.