UNEMPLOYMENT DATA
'No inflation, Fed should...': Trump says US economy is in 'transition stage', boasts 'strong' job numbers
The US economy added 177,000 jobs last month, down slightly from a revised 185,000 in March. Shortly after the figures were released, Trump took to Truth Social to boast of 'strong' employment figures, claiming that there is 'no inflation'. He said the US economy is in a 'transition stage' and was again outspoken in his calls for the Federal Reserve to lower interest rates.
US job growth slows marginally in April; unemployment rate steady at 4.2%
America's job growth faced a slight slowdown in April. Donald Trump's tariff policies increased economic uncertainty. The labor market showed resilience, but warning signs accumulated. Business sentiment plummeted, potentially leading to layoffs. Airlines and General Motors anticipated tariff-related financial hits. The Federal Reserve was expected to hold interest rates steady. Economists foresaw tariff effects on employment and inflation reports.
How a US tax loophole supercharged China's exports
A recent policy shift ended tariff-free imports from China to the United States. This change impacts both American shoppers and Chinese exporters. Prices are rising for consumers in America. Factories in China are facing closures and job losses. The trade tensions pose a challenge for China's economic growth. Businesses are now seeking new markets in Europe and Southeast Asia.
Gold set for worst week in more than 2 months; US jobs data eyed
Gold prices are set to decline this week. Trade tension ease is the primary reason. Market focus is now on the U.S. non-farm payrolls report. The United States wants to talk with China about tariffs. Donald Trump has appointed Marco Rubio as interim national security advisor. Chinese markets will reopen on May 6 after Labour Day holiday.
US stock market today: Dow Jones, S&P, Nasdaq up - Here's top gainers, top losers, major stocks, data to consider
US Stock market today rallied as Microsoft and Meta earnings beat expectations, pushing the Nasdaq up over 2.2% and lifting Wall Street spirits. Investors were reassured by both companies’ continued AI spending, even as President Trump’s tariff policy stirred fears across industries. While Apple and Amazon gear up to report next, rising unemployment claims, a dip in manufacturing activity, and Qualcomm’s cautious forecast highlight broader market uncertainty. Still, upbeat Big Tech results and possible progress in US-China trade talks are giving Wall Street hope. Dive into this full story to see what’s really driving the markets right now.
US yields rise after better than expected manufacturing report
Longer-dated U.S. Treasury yields rose from three-week lows on Thursday after a better than expected manufacturing report for April, which also showed that tariffs on imported goods were straining supply chains and maintaining elevated prices for inputs.
Gold price forecast: Why did gold fall below $3,300 and what Trump's new China tariffs and upcoming US jobs data mean for gold’s next big move
Gold price forecast: Gold price slipped below $3,300 this week, raising eyebrows across markets. Investors are now closely watching US economic data, the dollar's strength, and Trump’s fresh trade moves. This dip comes after gold's record-breaking rally, but shifting risk sentiment and easing geopolitical fears have shaken its safe-haven status. With rate cut hopes still alive and global cues uncertain, will gold rebound or drop further?
'Eyebrow raiser': Elon Musk proposes DOGE to investigate Federal Reserve's $2.5 billion renovation
Elon Musk considers sending his team to the Federal Reserve. This follows concerns about a costly headquarters renovation. The project's $2.5 billion price tag raises eyebrows. Musk's team aims to identify government waste. This move occurs amid scrutiny of the Fed's spending. It also follows reports of Tesla CEO search. Musk's involvement in government efficiency efforts continues.
‘2 dolls not 30’: Donald Trump defends China tariff woes with 'toy math'
US President Donald Trump has acknowledged that his aggressive tariff policies may lead to fewer and more expensive consumer goods in the United States, suggesting that American children might have "two dolls instead of 30." Despite a 0.3% contraction in the U.S. economy during the first quarter of 2025, Trump insists that China will suffer more from the ongoing trade war. Critics argue that his tariffs are causing economic instability, with rising inflation and fears of a potential recession looming.
Gold retreats on firm dollar, US payrolls data on tap
Gold prices experienced a slight dip due to a stronger dollar, as investors are keenly awaiting further developments in U.S. trade policies and the upcoming U.S. non-farm payrolls report. The market anticipates the jobs report for insights into the Federal Reserve's monetary policy direction, amidst ongoing trade negotiations and recent economic contractions.
Caste Census announcement comes ahead of Bihar polls, implementing its outcome will pose a formidable challenge for government
The Modi government approved a caste census amid pressure from opposition parties and allies. Bihar's Chief Minister Nitish Kumar already ordered a caste census in his state. Opposition parties like RJD and Congress demanded a nationwide count. Law Minister Arjun Ram Meghwal criticized Congress's stance on OBC reservation. Rahul Gandhi advocated for reservation based on population ratio.
Dollar steady but vulnerable as tariff worries take hold
The White House has retreated several times on the sweeping tariffs Trump unveiled in early April that led to a global stock market meltdown and prompted investors to flee the normally safe-haven U.S. dollar and Treasury debt.
April gloom: Americans brace for economic storm as confidence plunges to 2020 lows, with job market fears echoing Great Recession woes
US consumer confidence has hit its lowest point in five years, sparking fears about the economy as tariffs and rising prices weigh heavily on Americans. The latest data from The Conference Board shows consumer confidence fell to 86 in April, a steep drop blamed on President Trump's new tariffs on imports and goods from China. Worries about a potential recession, job slowdown, and reduced spending are growing fast. With fewer people planning big purchases or vacations, the economy may be slowing down more than expected. Dive into the full story to understand what this means for your wallet and future.
Trump's tariffs stir economic uncertainty: Is a 2025 recession on the horizon for the U.S?
Tariffs imposed by US President, Donald Trump, have created economic uncertainty. Economists are divided on whether a recession will occur in 2025. Some rely on real-time data, while others trust consumer sentiment. Key indicators like jobless claims and retail sales offer mixed signals. The stock market's decline raises concerns. Tariffs are expected to impact consumer purchasing power later this year.
Formal job creation under ESIC down by 15.3% in February: Payroll Data
As per the provisional payroll data, released by the ministry of labour and employment on Friday, new enrollments under ESIC stood at 1.54 million in February compared to 1.82 million in January 2025, a month-on-month decline of 15.3%.
US weekly jobless claims increase moderately amid low layoffs
U.S. jobless claims edged up slightly to 222,000, indicating a resilient labor market despite economic uncertainties fueled by tariffs. The data, influenced by holiday volatility and spring breaks, comes amid concerns that President Trump's trade policies could weaken hiring. While business confidence has waned, layoffs remain low, supporting the ongoing economic expansion, with continuing claims falling to 1.841 million.
Akhilesh Yadav hits back at DGP over caste bias row, slams UP govt over jobs, education policies
Akhilesh Yadav has intensified his allegations of caste-based discrimination in Uttar Pradesh police postings, challenging the DGP's denial and urging the Chief Minister to address the issue. He presented data allegedly sourced from official websites, accusing the government of manipulating figures and discriminating against marginalized communities in public service. Yadav also criticized the Agnipath scheme and privatization of education.
Govt launches monthly unemployment tracker, first data to be out on May 15
The Ministry of Statistics and Programme Implementation will release monthly unemployment data starting May 15, covering January to March. This initiative aims to provide statistically robust and representative data, addressing the current reliance on proxy indicators like EPFO and ESIC figures.
Govt to release unemployment data every month starting May 15: Official
Starting May 15, the Indian government will begin releasing monthly unemployment data, replacing the current quarterly format. The first release will cover January to March. This move aims to improve data frequency and transparency.
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