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The Latest: US job market shows resilience with 172,000 jobs added last month
The Latest: US job market shows resilience with 172,000 jobs added last month The American job market continues to show surprising strength, shrugging off the high costs of the Iran war - Bookmark The American job market continues to show surprising strength, shrugging off the high costs of the Iran war. Employers added 172,000 jobs in May — roughly double what forecasters had expected — and the unemployment rate remained at a low 4.3%. The Labor Department reported Friday that job growth...
America’s job market has a surprising problem: Nobody’s hiring, nobody’s firing
America’s job market has a surprising problem: Nobody’s hiring, nobody’s firing While unemployment is projected to hold steady at a low 4.3% in May, according to FactSet, the pace of job creation remains significantly slower than the boom experienced in the wake of pandemic lockdowns - Bookmark - CommentsGo to comments The American job market is showing unexpected resilience this year, rebounding from a challenging 2025 despite persistent economic uncertainty and elevated energy prices...
Dollar steadies as markets await signals on Iran war, central banks
Dollar steadies as markets await signals on Iran war, central banks TOKYO, June 1 : The U.S. dollar held steady on Monday after a weekly loss as markets awaited the results of peace talks in the Middle East and signals on the timing of central bank rate hikes. The dollar index edged lower last week on hopes for a deal between the United States and Iran to open the Strait of Hormuz shipping lane for oil. Oil jumped in early trade after Israel ordered troops to move further into Lebanon in the...
AI slows hiring in some roles, but demand grows for human skills
AI may be tightening jobs market, but some roles could see stronger demand Thu 4 Jun 2026 at 12:05am In short: A new economic report by consultancy firm Deloitte says the AI "winners" will be organisations that combine human and machine strengths, with recruiters saying human judgement will still be key. Deloitte says AI is shifting the job market, not necessarily through cuts but role transformations. It says employment is still growing, but hiring is starting to slow down as a result of AI.
Remote work blamed for rise in unemployment rate for recent college grads
Remote work blamed for rise in unemployment rate for recent college grads These findings align with the current ‘low-hire, low-fire’ state of the job market - Bookmark The surge in remote work since the pandemic has made businesses less inclined to hire young, inexperienced staff, emerging as the primary factor behind elevated unemployment rates for recent college graduates, a new study has revealed. Published Monday by the Federal Reserve Bank of New York, the research compared occupations...
New U.S. college grads now have higher unemployment than the average worker
New U.S. college grads now have higher unemployment than the average worker Part of Teaching an AI Agent to Make Beautiful Charts A fresh college degree used to come with a quiet edge in the job market. New grads had better odds of landing work than the average worker, and that edge held for as long as anyone tracked it.
Here are the 4 big things we're watching in the stock market in the week ahead
Earnings season isn't over just yet. Plus, there are plenty of other important updates coming our way this week, from influential tech conferences to jobs data and spin-off milestones. Let's dive into it all.
ECB, BoE weigh ‘two possible mistakes’ as Iran war bites
European Central Bank President Christine Lagarde and Bank of England Governor Andrew Bailey will spend the summer trying to shake off the ghosts of their past inflation mistakes as they move to combat spiraling prices. Europe’s most powerful economic officials face a haunting dilemma: how to respond to the Iran war without repeating the errors that followed the Covid pandemic and Russia’s invasion of Ukraine. Their decisions will shape the continent’s economic future for years to come — and...
Strong US job growth beats expectations in May, firming recent gains
Strong US job growth beats expectations in May, firming recent gains WASHINGTON: US job growth surged past expectations in May with the unemployment rate remaining steady, as the labour market in the world's largest economy showed signs of firming after months of turbulence. Wall Street stocks traded lower on the news, with investors expecting a strong labour market means the Federal Reserve will switch its focus to combating inflation through rate hikes later this year.