US job growth rose solidly in January and wages rebounded, a show of economic strength that put a mid-year interest rate increase from the Federal Reserve back on the table.
Non-farm payrolls increased 257,000 last month, the Labo
US job growth increased briskly in December, but wages posted their biggest decline in at least eight years in a sign the tightening labour market has yet to give much of a boost to workers.
Nonfarm payrolls increased by 252,000 l
Gold tumbled to its lowest level in around 15 months on Monday after better-than-expected US jobs data boosted the dollar, dampening safe-haven appetite for bullion and pushing silver and platinum to multi-year lows.
Gold, which o
Brent crude continued to fall on Monday and stayed below $101 a barrel after disappointing US jobs data outweighed buoyant Chinese export and oil import figures.
Brent and U.S. crude futures both fell more than $1 on Friday after
US employers hired the fewest number of workers in eight months in August and more Americans gave up the hunt for jobs, providing a cautious Federal Reserve with more reasons to wait longer before raising interest rates.
US employment growth likely retained enough momentum in July to help buoy the economy for the rest of the year, a report said.
Nonfarm payrolls probably increased by 233,000 this month, according to a Reuters survey of economists.
The US economy likely created jobs at the fastest pace in four months in March as it shifted into a higher gear after being held back by a brutally cold winter.
Employers are expected to have added 200,000 new jobs to their payrol
Gold extended losses to a second session on Monday after strong US jobs data eased worries of an economic slowdown and dimmed the metal's safe-haven appeal.
Fears among Chinese investors over a slowdown in t
The number of Americans filing new claims for unemployment benefits fell last week to the lowest level in nearly a month, a hopeful sign for the labor market, while holiday retail sales rose in November and December.
US employers hired more workers than expected in November and the jobless rate fell to a five-year low of seven per cent, raising chances the Federal Reserve will start pulling back its bond-buying stimulus sooner rather than later.