Jobs Data

US economy

2026-10-02 18:05:45

US job gains revised sharply lower after Fed rate hike, raising questions over policy call

The US Bureau of Labor Statistics revised down job gains for July and August by a combined 60,000, undercutting labor-market data that had helped support the Federal Reserve’s September 16 rate hike, according to Protos. July’s figure was changed from a reported gain of 21,000 jobs to a loss of 10,000, while August payroll estimates were cut by 29,000. At the time, the Fed said job growth was keeping pace with the workforce and that unemployment had changed little, while Kevin Warsh told reporters that job openings and weekly hours were rising. Protos said those assessments were based on data that later proved inaccurate. The report also noted that the pace of US job creation has been declining for five years. After an initially upbeat August openings report, UBS said market odds of a rate hike rose from 50% to 60%. September then brought weaker numbers: employers added 29,000 jobs versus an 84,000 forecast, and the unemployment rate climbed to 4.2%. Jefferies’ chief US economist said August now looks like a rebound from very weak hiring in June and July. With the revisions in hand, expectations for another rate increase before year-end are facing renewed scrutiny.

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U.S. stock in

2026-10-02 12:32:48

U.S. stock index futures jump after September jobs data release

U.S. stock index futures rose sharply after the release of September employment data, according to ChainCatcher. The brief did not provide the names of the specific indexes involved, the scale of the move, or additional market details. Based on the available source text, the reported development is limited to a sharp rise in U.S. equity index futures following the jobs data release. No further figures, timing breakdown, or related asset moves were disclosed in the source.

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Federal Reser

2026-09-07 11:30:51

Wall Street Bets on Fed September Rate Hike, White House Pressures Warsh to Cut Rates

A stronger-than-expected August jobs report has driven Wall Street to price in a nearly 60% chance of a Federal Reserve rate hike in September. CME FedWatch data shows a 58.4% probability of a 25-basis-point increase. Major banks like Macquarie, Bank of America and UBS have raised their rate hike forecasts. At the same time, the Trump administration continues to push for rate cuts, putting Fed Chair Warsh in the middle of conflicting pressures from the White House and financial markets.

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Trump

2026-09-04 16:35:14

Trump Blames High Interest Rates for Stock Market Decline Despite Strong Jobs Data

On September 5, Trump stated that despite strong jobs data, the stock market fell due to high interest rates. He criticized the fear of inflation, arguing that growth does not cause inflation. He noted that each percentage point increase in interest rates costs the U.S. $650 billion annually and called for the lowest global interest rates.

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BlackRock

2026-09-04 14:33:32

BlackRock: After Strong Jobs Data, CPI Becomes More Crucial for Rate Decision

Jeff Rosenberg, portfolio manager at BlackRock, says the August jobs report exceeded expectations, putting the spotlight on next week's CPI data. If inflation continues to improve, the Fed may hold rates steady in September.

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Trump

2026-09-04 13:43:56

Trump Says Jobs Data 'Shattered Expectations' — Except His Own, Calls for Rate Cut Again

U.S. President Donald Trump praised the latest jobs data as 'terrific,' claiming it shattered everyone's expectations but his own. He also renewed his call for the Federal Reserve to cut interest rates, citing stronger U.S. credit as justification.

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nonfarm payro

2026-09-04 04:15:37

US August Nonfarm Payrolls Due Tonight: Market Expects 56K New Jobs, Fed Focus Remains on Inflation

The U.S. Bureau of Labor Statistics will release the August nonfarm payrolls report tonight. The market expects only 56,000 new jobs, with the unemployment rate holding at 4.1%. Analysts describe the labor market as "stable but weak," and a weak jobs number may not directly push the Fed to cut rates, as the policy focus remains on inflation. JPMorgan's trading desk predicts that if payrolls exceed 95,000, the S&P 500 could fall by 0.5% to 1.25%, while if payrolls come in between 5,000 and 35,000, the index could rise by 0.25% to 0.75%. Fed officials Barr and Waller have described the jobs situation as "stable" and "satisfactory," but this does not signal strength; rather, it suggests the Fed could consider raising rates if inflation does not ease further, while trying to minimize harm to employment.

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Federal Reser

2026-08-05 14:38:40

Bank of America CEO Reaffirms Three Straight Fed Cuts in Sept, Oct, Dec

Bank of America chief executive Brian Moynihan has reaffirmed the bank's stance that the Federal Reserve will cut interest rates three times in a row, in September, October and December of this year. Speaking on the policy outlook, Moynihan said the U.S. labor market is still holding up well, although inflation has more work to do to come down — a combination, he said, that leaves the Fed room to adjust monetary policy. He also noted that consumption trends among different income groups are now converging, which he sees as a positive sign of better economic health across the country. The bank's economics team had previously expected the Fed to kick off a rate-cutting cycle in the second half of this year. Against that backdrop, market participants are keeping a close eye on employment data, inflation momentum and consumer spending to assess how quickly the Fed might move. If the central bank delivers the anticipated sequence of cuts, financing costs could fall further, potentially offering support to equities, bonds and risk assets more broadly.

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