US Payrolls Add Just 29K Jobs as Unemployment Hits 4.2%
The jobless-rate increase reflects more people seeking work, not a surge in layoffs, while rising yields and wider credit spreads complicate the market outlook.
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The jobless-rate increase reflects more people seeking work, not a surge in layoffs, while rising yields and wider credit spreads complicate the market outlook.
The gap between the reported and alternative readings puts the strength of US hiring in question, without changing the official figure.
A strong payrolls reading could lift bond yields and raise the discount rate applied to expensive technology shares.
The gender breakdown gives August's 162,000-job gain a sharply concentrated profile.
The U.S. economy added 172,000 jobs in May, surpassing consensus expectations, while the unemployment rate held steady…
A record rebound in March hiring came on the heels of a record February decline — a noisy tape that complicates the Fed-cut case and Bitcoin's run at six figures.