JOBS

Dollar drops vs euro as U.S. jobs report disappoints

IBTimes Logo
The U.S. dollar slipped against the euro on Friday, extending the previous day's steep losses on concerns over the U.S. economic recovery after disappointing U.S. jobs data. U.S. private payrolls rose less than expected in June and overall employment fell for the first time this year as thousands of temporary Census jobs ended, indicating the economic recovery is failing to gain traction.
More news
IBTimes Logo

Dollar steadies before U.S. jobs

The dollar steadied on Friday after steep losses the previous day on growing concerns about the U.S. economy, with key U.S. non-farm payrolls data looming. The greenback hit its lowest this year against the yen below 87 yen on Thursday as market players covered short cross yen positions.
IBTimes Logo

Gold bounces from 5-week low; awaits U.S. jobs data

Gold bounced from a 5-week low on Friday as weaker prices ignited buying by bargain hunters and jewelers, but investors were cautious ahead of the release of a U.S. employment report. Investors shrugged off a small drop in ETF holdings, turning their attention to the June non-farm payrolls data which will set the tone for currencies and equities. Gold tumbled nearly 4 percent on Thursday as funds sold bullion to cover losses in other markets.
IBTimes Logo

Dollar, yen defensive after euro surge, before jobs

The dollar was on the back foot against the euro and slipped against the Aussie on Friday after a big euro short squeeze ahead of U.S. jobs data, while the yen lost ground all round as the squeeze spilled into Asian trade.
IBTimes Logo

Gold slips lower after U.S. jobs data

Gold slipped lower in Europe on Wednesday, caught up in selling of stocks and other commodities after a report showed U.S. private sector employers added fewer jobs than expected in June. The precious metal is still set to be the best-performing metal of the second quarter, however, as fears over the global growth outlook and the stability of the banking system fuel haven demand for the metal.
IBTimes Logo

Consumer confidence drops in June on jobs worries

Consumer confidence fell steeply in June after rising for three months, due to worries about the labor market because of a recent slowdown in jobs growth, according to a private sector report released on Tuesday.
IBTimes Logo

Stocks eye jobs amid economic worries

Stock investors will anxiously await the crucial June jobs data this week for clues on how the U.S. economy may weather recent storms that drove Wall Street's major indexes down for the year.
IBTimes Logo

Stocks eye jobs as economic worries linger

Stock investors will anxiously await the crucial June jobs data next week for clues on how the U.S. economy may weather recent storms that drove Wall Street's major indexes down for the year.
IBTimes Logo

Startups replacing summer jobs for students

Eric Heinbockel recalls going on a Wall Street interview the day investment bank Bear Stearns collapsed. With his chances of landing a coveted finance job dwindling, the former Columbia University undergraduate began exploring more entrepreneurial options, eventually launching a business that lets customers build their own chocolate bars.
IBTimes Logo

Hershey to trim 5 percent jobs in $300 million overhaul

Hershey Co plans to cut 500 to 600 jobs, or up to 5 percent of its workforce, as part of a restructuring aimed at upgrading and enlarging its facilities to compete globally and save some $60 million to $80 milllion in annual costs.
IBTimes Logo

Jobs key to housing recovery

The U.S. labor market will hold the key to a recovery in the hard-hit housing sector, according to a Harvard University report released on Monday.
IBTimes Logo

Spain PM says labor reform will create jobs

A draft labor reform package due to be approved by Spain's government on Wednesday will help generate jobs and boost confidence in a struggling economy, Prime Minister Jose Luis Rodriguez Zapatero said on Saturday.
IBTimes Logo

Bernanke says recovery on track but jobs to lag

Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economic recovery was on a solid footing but cautioned it could be years before the jobs lost during the deep recession of 2008-2009 are restored.
IBTimes Logo

Bernanke says U.S. recovery on track but jobs to lag

Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economic recovery was on a solid footing but cautioned it could be years before the jobs lost during the deep recession of 2008-2009 are restored.
IBTimes Logo

Conference board jobs index rises in May

A gauge of the job market rose in May for the ninth straight month, indicating that a disappointing May jobs report released by the government last week may be a one-off, a research group said on Monday.
IBTimes Logo

For stocks, angst over Europe, jobs

U.S. stocks could face more pressure this week unless investors get some relief from worries about Europe, jobs and the toll they might take on the economic recovery.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.