‘A clear sign that the US economy is not in a recession’: Economists react to blowout July jobs report

The July jobs report on Friday showed the US economy gained 528,000 jobs last month, with the unemployment rate falling to 3.5% from 3.6%. Economists polled by The Wall Street Journal had expected an addition of 258,000 jobs and unemployment staying at 3.6%. See: Jobs shocker — US adds 528,000 jobs in July and unemployment … Read more

World stock markets mixed ahead of US jobs data

Global stock markets and Wall Street equity futures were mixed Friday ahead of an update on the US jobs market while the Federal Reserve weighs whether more interest rate hikes are needed to cool surging inflation. London, Paris and Frankfurt stocks were lower while Shanghai and Tokyo advanced. Oil prices fell back. Investors were looking … Read more

Asian markets rise modestly ahead of US jobs data

BEIJING — Asian stock markets rose Friday ahead of an update on the health of the US jobs market while the Federal Reserve weighs whether more rate hikes are needed to cool surging inflation. US futures ES00, +0.26% YM00, +0.28% and oil prices edged higher. Investors were looking ahead to monthly US employment numbers for … Read more

US job openings drop below 11 million for the first time since last fall as hiring slows

The numbers: Job openings in the US fell to 10.7 million in June to mark the lowest level since last fall, signaling that a red-hot labor market is cooling off a bit as the economy slows. Job openings slipped from 11.3 million in May. They have dropped three months in a row after peaking in … Read more