U.S. employers' hiring increased slightly in August from a sluggish pace in July, and the unemployment rate fell for the first time since March, a sign that the labor market is cooling but remains stable. According to a nonfarm employment report released Friday by the U.S. Department of Labor, employers added 142,000 new jobs in … Read more
Australia's unemployment rate rose slightly to 4.2 percent, although nearly 60,000 people found jobs this month.
Wall Street's major indexes are trading slightly lower as investors refrained from placing big bets ahead of a deluge of data later in the week focusing on U.S. consumer prices. Eight of the eleven major S&P sectors were in negative territory, with losses being highest in the real estate and consumer discretionary sectors.
Wall Street's major indices are set to post weekly losses, capping a turbulent week in which global markets were rocked by a sharp appreciation in the low-yielding yen and fears of a recession in the world's largest economy. Megacap and growth stocks recorded mixed performance: Alphabet lost over 1.0 percent, Amazon.com gained 0.6 percent.