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Restaurants and bars added 11,000 jobs in September, about a third of all the jobs added during the month. Job gains for July and August were revised downward. Justin Sullivan/Getty Images hide caption ...

Gold prices fell on Friday and were on track for a second straight weekly decline, pressured by a firmer US dollar and elevated Treasury yields, while investors awaited key US payrolls data for clues on the Federal Reserve's policy path.Brendon Thorne | Bloomberg | Getty ImagesGold rose over 1% on Friday after weaker-than-expected U.S. jobs data for September eased concerns about ​a Federal Reserve rate ​hike this month, although ​a stronger dollar and elevated Treasury yields kept bullion on track for a weekly loss.Spot gold rose 1.1% to $4,223.49 an ounce, but was down about 1.5% for ⁠the ‌week so far. U.S. gold futures gained 1.2% to $4,254.10.The U.S. ⁠dollar edged lower after data showed U.S. job growth slowed more than expected in September, but was headed for a weekly gain, while yields on 10- and 30-year Treasuries hit their highest levels since 2002 on ‌Thursday.U.S. nonfarm payrolls rose by 29,000 last month after a downwardly revised increase of 133,000 in August, the Labor Department's closely watched employment report...

Oil prices slumped Friday as G7 nations agreed to a major release of fuel reserves, while Wall Street stocks jumped after data showed that job creation withered last month. G7 leaders agreed to release 100 million barrels of diesel and crude oil from their reserves over four months and to "refrain from export restrictions on energy". US oil prices dropped sharply -- as much as five percent at one point -- while international benchmark Brent crude briefly fell back below $100 per barrel. The move came following pressure from President Donald Trump to tap the EU's strategic diesel reserves or face a US ban on diesel exports. While exports of crude oil from the Middle East have been returning to near pre-war levels in recent weeks, the situation for fuels like diesel remains tight due to refineries being damaged during the conflict. Russian refineries have also suffered damage due to Ukrainian strikes. "Diesel is now a macro problem as much as an energy one, feeding directly into freight,...

Gold prices were flat in early Asian trading on Thursday, as investors awaited US jobs data for clues on the Federal Reserve's interest rate path.FUNDAMENTALSSpot gold was little changed at $4,146.66 per ounce, as of 0027 GMT. US gold futures for December delivery lost 0.3% to $4,177.00.The crucial US nonfarm payrolls report for September is scheduled for release on Friday.Data on Wednesday showed US inflation rose less than expected in August, and price pressures were more moderate in the prior month than previously reported. Gold prices briefly climbed following the data release but closed lower by the end of the session.The data trimmed expectations for an October Fed rate hike, but traders see an 87% chance of a rate increase in December.Live EventsSome Bank of Japan policymakers saw the need to accelerate the pace of rate hikes or bring them closer to the central bank's "goal" soon, a summary of opinions at its September meeting showed.Higher interest rates reduce gold's...

The U.S. labor market slowed during the month of September, according to new data Friday from the Bureau of Labor Statistics.The economy added only 29,000 jobs, fewer than expected by economists. The unemployment rate rose to 4.2%.Average hourly earnings for workers rose only 0.1% from the prior month and 3% from a year ago. Friday’s data marks the sixth straight month of wages tracking below inflation. BLS will report September inflation numbers on Oct. 14.Additionally, 60,000 jobs were revised out of previous months’ initial readings. “The change in total nonfarm payroll employment for July was revised down by 31,000, from +21,000 to -10,000, and the change for August was revised down by 29,000, from +162,000 to +133,000,” the BLS said in a statement.Overall, September’s hiring was the third weakest this year — trumped only by a loss of 156,000 jobs in February, when DOGE cut tens of thousands of federal workers and the loss of 10,000 jobs in July, many...

The US jobs market saw a sharp slowdown in September, with employers adding just 29,000 jobs in the final update before the midterm elections. Headcounts were little changed in major sectors from tech to retail as hiring fell significantly from August, according to figures from the Bureau of Labor Statistics (BLS). Meanwhile, the unemployment rate rose slightly from 4.1% in August to 4.2% in September. The figures signal a cooling US economy, which experts said reduced the likelihood of a series of further interest rate hikes by the Federal Reserve. The 29,000 jobs created in September was down from a figure of 133,000 in August, according to revised BLS figures for the month. The BLS report stands in sharp contrast to President Donald Trump's insistence that America's economy is booming and it is the "hottest" nation in the worldThe disconnect is likely to present significant challenges as the president and his fellow Republicans hit the the campaign trail with...

The U.S. economy created far fewer jobs than expected in September, pointing to a surprising soft spot in the labor market and broader economy.Nonfarm payrolls rose a seasonally adjusted 29,000 for the month while the unemployment rate increased to 4.2%, the Bureau of Labor Statistics reported Friday. Economists surveyed by Dow Jones had been looking for job growth of 84,000 and an unemployment rate of 4.1%.In addition to the weakness in September, the August jobs count was revised lower to reflect a gain of 133,000 while July switched from a gain to a loss as payrolls fell by 10,000. The revisions in total showed 60,000 fewer jobs than previously reported.Market reaction was swift to the report, with traders interpreting the soft jobs numbers as good news as they likely further cemented the Federal Reserve staying put at its October meeting. Stock futures rose sharply after the release while Treasury yields slumped after recently rising to levels not seen since the...

BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. U.S. futures are climbing as oil prices ease and investors await the U.S. monthly jobs report due later in the day.Futures for the S&P 500 and Dow Jones Industrial Average both rose 0.5 per cent on Friday. Nasdaq futures gained 0.7 per cent.Oil prices declined as the U.S. pressures Europe to release diesel reserves. On Thursday, U.S. Treasury Secretary Scott Bessent said in a post on social media platform X that the U.S.’s European partners should make deliveries of existing commitments faster and make additional supplies immediately available.“American farmers, truckers, and businesses should not be left carrying the burden of a global diesel shortage,” he wrote. “America is doing its part. We look to our allies to match their commitments with action.”The push on Europe comes as the U.S. sent another aircraft carrier and more troops to the Middle East, and...

WASHINGTON — The official numbers show that the U.S. job market has proved sturdy in the face of one shock after another – President Donald Trump’s trade wars, persistent inflation, high interest rates, and a conflict with Iran that has sent gasoline prices rocketing higher, squeezing family budgets.When the Labor Department releases hiring and unemployment numbers for September, they’re likely to be solid once again: Forecasters surveyed by the data firm FactSet expect that employers – businesses, government agencies and nonprofits – added 90,000 jobs last month and that unemployment remained low at 4.1 per cent.Layoffs are rare, and most workers enjoy job security.But ordinary Americans are not feeling it.U.S. consumer confidence dropped this month to the lowest level in more than a decade, according to an index published by the Conference Board. One reason: More than 28 per cent of the respondents told the business think tank that they expect fewer jobs to be available in six months, double...

HONG KONG — Global stocks were mixed and European shares edged higher on Friday after a global bond sell-off deepened and ahead of a U.S. monthly jobs report due later in the day.Oil prices declined even as the U.S. sent another aircraft carrier and more troops to the Middle East, and as President Donald Trump threatened more possible escalations against Iran.In early European trading, Britain’s FTSE 100 climbed 0.5 per cent to 10,485.00. France’s CAC 40 rose 0.6 per cent to 7,883.49, while Germany’s DAX was up 0.8 per cent to 25,129.78. That came a day after Europe’s benchmark stock indexes fell sharply as government bond yields shot up.In Asia, Japan’s Nikkei 225 fell 0.9 per cent to 68,309.46. South Korea’s Kospi added 0.5 per cent to 7,003.74. Hong Kong’s Hang Seng lost 2.6 per cent to 23,972.29, hitting the lowest level since July. Australia’s S&P/ASX 200 gained 0.8 per cent to 8,682.10. Taiwan’s Taiex advanced 0.3 per cent.Markets in...