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The latest jobs report showed that the US economy likely added 178,000 jobs in March, nearly triple expectations. The unemployment rate dipped to 4.3%. Forecasts had it holding steady at 4.4% or even rising to 4.5%. Health care and social assistance was once again the workhorse sector, accounting for half of the month’s gains; however, job growth was the most widespread across industries since December 2023. At first glance, Friday’s report from the Bureau of Labor Statistics showed that the labor market wasn’t on life support as previously feared, but rather was on solid footing at a much-needed time – when war-driven economic...

By Allison Lampert and David ShepardsonMONTREAL/WASHINGTON, Sept 9 (Reuters) – Bombardier is continuing to recruit American workers to fill 500 open jobs in the U.S., the Canadian private jet maker ​told Reuters on Wednesday, even as it faces threats ‌from President Donald Trump to ban its planes from the U.S. market.Some of the jobs are for a new service center in Fort Wayne, Indiana, which is set to open in mid-November.Bombardier planes are still able to be ‌delivered ​to U.S. customers despite Trump’s threat to ⁠ban the Montreal-based company from ⁠the market amid an escalating trade dispute with Canada, industry sources said.The aerospace sector was not impacted by the latest round of retaliatory measures introduced by the U.S. against Canada on ​Tuesday.A White House official said on Wednesday the Trump administration is preparing options and actions on Bombardier. Trump agreed last ⁠year to reinstate a multi-decade deal that ⁠places tariff-free status on airplanes and components.Fears that ​Bombardier could lose access...

MONTREAL/WASHINGTON (Sept 10):  Bombardier is continuing to recruit American workers to fill 500 open jobs in the US, the Canadian private jet maker told Reuters on Wednesday, even as it faces threats from President Donald Trump to ban its planes from the US market.Some of the jobs are for a new service center in Fort Wayne, Indiana, which is set to open in mid-November.Bombardier planes are still able to be delivered to US customers despite Trump's threat to ban the Montreal-based company from the market amid an escalating trade dispute with Canada, industry sources said.The aerospace sector was not impacted by the latest round of retaliatory measures introduced by the US against Canada on Tuesday.A White House official said on Wednesday the Trump administration is preparing options and actions on Bombardier. Trump agreed last year to reinstate a multi-decade deal that places tariff-free status on airplanes and components.Fears that Bombardier could lose access to a market which accounts for about...

The Canadian economy added a surprisingly large number of jobs in July, and the unemployment rate fell to a two-year low. The increase in Canadian jobs is in sharp contrast to the United States, which unexpectedly shed positions last month. Canada added a net 75,100 jobs in July, outpacing economists’ expectations of 20,000 positions, Statistics Canada reported on Friday. The unemployment rate fell to 6.4 per cent from 6.5 per cent in June.In the U.S., employment decreased by a net 23,000 positions in July, a far cry from the additional 80,000 jobs that were expected by economists.Labour outcomes in the two countries have diverged of late. Where overall U.S. employment appears to have stalled, hiring in Canada has flourished over the late spring and early summer, part of a recent run of strong data that shows the Canadian economy is snapping out of a prolonged slump. “Despite all the see-sawing in the headlines, I think the main story here is...

It’s a topsy-turvy labor market these days. In July, the economy lost jobs, but unemployment actually improved.Get used to the new dynamic, many analysts say. The workforce isn’t growing by much. It might even be shrinking, partly because of a plunge in immigration. That means that the United States could create only a few jobs or even lose jobs in any given month and the unemployment rate would remain stable.“Net migration is very likely to be negative again for 2026,” says Tara Watson, a senior fellow at the Brookings Institution and co-author of a January study that estimated that more migrants left the U.S. last year than came in. “Zero or even negative job growth would not necessarily be a sign of a recessionary situation.” Why We Wrote This The United States lost more jobs than expected last month, though the unemployment rate improved slightly. That’s due in part to more migrants leaving the country than coming for the first time in...

Male Gen Zers have been dropping out of the labor pool in droves — and experts warn that the spread of artificial intelligence could accelerate the ugly trend even further. Last month, the US unemployment rate — the percentage of Americans who are jobless and actively looking for work — dipped to 4.1%, its lowest level of the year and well below the 5.6% average since the end of World War II. But there’s a grim corollary to the rosy-looking numbers: Also in July, the labor force shrank by more than a quarter million people versus a year earlier, hitting its lowest levels since the pandemic. One key point of worry: the share of men aged 16 to 24 participating in the labor market dipped to 56.1% – tumbling nearly 13 percentage points from 69% in 2000, according to data from the Bureau of Labor Statistics. Some of the largest declines in labor force participation are coming from young men. REUTERS What’s more, the...

The Office of Personnel Management is looking to prevent data on the federal government’s public job board, USAJobs, from making its way onto misleading websites.  Last week, OPM updated terms of service for users of its USAJobs application programming interface (API) to include prohibitions on several actions related to the sale or redistribution of data from the website “to third parties as a standalone product or feed.”  “Data provided to you through the API is for the explicit use of the requesting company or individual identified on the USAJOBS Program Office API Registration Form. No other use of the data provided is permitted without prior approval, in writing, from OPM USAJOBS,” said an emailed notice sent to API users, including FedScoop.  While the reason for that change wasn’t initially clear, an OPM spokesperson told FedScoop via email Friday that the policy change is aimed at preventing “unauthorized services that appear to be USAJOBS or allow users to apply for federal jobs outside USAJOBS.”  “These...

Gold prices nudged lower on Monday as strong U.S. jobs data reinforced expectations for higher interest rates, while market participants awaited key U.S. inflation prints due later this week for further clarity on the Federal Reserve's policy path.Edgar Su | ReutersGold prices nudged lower on Monday as strong U.S. jobs data reinforced expectations for higher interest rates, while market participants awaited key U.S. inflation prints due later this week for further clarity on the Federal Reserve's policy path.Spot gold was down 0.5% at $4,405.47 per ounce, as of 0211 GMT, after falling 1% on Friday.U.S. gold futures for December delivery were down 0.5% at $4,452.20.Data on Friday showed U.S. job growth accelerated sharply in August while the unemployment rate held steady at 4.1%, suggesting an improvement in the labour market after recent struggles and keeping a rate increase this month on the table.U.S. producer price index (PPI) data is due on Thursday, followed by consumer price index (CPI) data on Friday."The jobs number delivered a clear upside surprise and put some pressure on the metal,...