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Sterling Remains Steady Following Strong UK Wage Data

The sterling remained steady on Tuesday after an inflow of British job market data that showed that wage growth remained strong despite a weakening labor market. The British pound remained flat against the U.S. dollar at $1.2507, thereby sustaining its 0.35% growth from the...

Stocks Close Mixed Following Unexpected Jobs Data

Stocks ended the week mixed after the release of August's jobs report. According to the data from the Bureau of Labor Statistics, US unemployment rose to 3.8% in August, above an expected 3.5%. Still, 187,000 new jobs were added last month, beating a forecast...

Dollar Set For Weekly Loss Ahead of Jobs Report

The dollar remained on course for a weekly loss on Friday, bringing an end to a six-week winning streak, as investors braced themselves for the U.S. jobs report set to be released later in the day. This data on the labor market is expected...

Unemployment Hits 18-Month High in Latest Jobs Report

Data released by the Bureau of Labor Statistics showed that the U.S. unemployment rate rose to 3.8% from 3.5% the previous month. This is the highest unemployment rate in the U.S. since February 2022. Still, there appear to be some positive repercussions arising from...

Record UK Wage Growth Raises Bets on Bank of England Rate Hike

UK wage growth hit record numbers on Tuesday, with the Bank of England looking increasingly likely to continue its interest rate hikes when reconvening on September 21 for its next policy meeting. Average wages excluding bonuses jumped 7.8% in the three months ending June...

Jobs Report Expected To Show Labor Market Slowdown

The U.S. labor market is expected to show signs of slowing in the July Jobs Report. 200,000 non-farm payrolls are expected to have been added last month, a slowing growth rate of 0.3% over June and 4.2% over the previous year. Unemployment is expected...