Gold futures fell three sessions in a row after Federal Reserve Chairwoman Janet Yellen’s semi-annual testimony last Tuesday, July 15. Overall, Yellen’s comments to the United States Senate were “dovish” in nature, warning against spiking interest rates on the back of sooner-than-expected employment gains. “If the labor market continues to improve more quickly than anticipated…
U.S. Labor Force Shows Stronger Hiring Despite Winter Conditions
Many expected winter weather to halt hiring in February, but the U.S. economy shed its cold feet and added 175,000 jobs — which is higher than the 150,000 predicted by economists. After disappointing employment data in December and January, Americans weathered the ice and snow in much of the country to find work and bring…
December Job Growth Lowest Since January 2011
Momentum in the labor market has halted after months of higher-than-expected numbers, according to the most recent figures from the Labor Department. U.S. employers added just 74,000 jobs in December — the lowest pace since January 2011 — and missed its estimate by more than 120,000. The blame is falling on winter weather and many…
ADP Reports 166,000 Jobs Added in September
Jobless rates are stuck at 7.3 percent — and are expected to stay there — despite the ADP’s report that 166,000 jobs were added in the United States in September. Those numbers are below the forecasted 180,000 for public and private sectors, and in response, the August expectations have taken a hit. Due to the…
