US inflation rose slightly last month after 2 years of steady cooling but remained low
WASHINGTON (AP) — US inflation rose slightly last month after 2 years of steady cooling but remained low.
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Yahoo Finance CanadaOdds of jumbo BoC rate cut boosted by jump in Canada's unemployment rate
Economists expected a job gain of 27,500, according to consensus estimates published by BMO Capital Markets.
- The Canadian Press
Jobless rate reaches 6.8% in November, highest since January 2017 outside of pandemic
OTTAWA — Canada’s unemployment rate jumped to 6.8 per cent last month as more people looked for work in a weak job market, shifting expectations toward a jumbo interest rate cut next week.
- The Canadian Press
US added a strong 227,000 jobs in November in bounce-back from October slowdown
WASHINGTON (AP) — America’s job market rebounded in November, adding 227,000 workers in a solid recovery from the previous month, when the effects of strikes and hurricanes had sharply diminished employers’ payrolls.
- Deadline
U.S. Added 227,000 Jobs In November As Employment Bounced Back; Figures Show Slight Gains In Movie And Music Business
The U.S. economy added 227,000 jobs in November, as employment bounced back from a lackluster previous month. The unemployment rate was largely unchanged at 4.2%. The Bureau of Labor Statistics, the government agency that compiles the figures, also revised upward job gains in the two previous months. The bureau said that 36,000 jobs were added …
- Reuters
Canada's 6.8% jobless rate boosts bets for 50-point interest rate cut
OTTAWA (Reuters) -Canada had 1.5 million unemployed people in November, propelling its jobless rate to a near-eight-year high outside of the pandemic era and boosting chances of a large interest rate cut on Dec. 11. The jobless rate rose to a more than expected 6.8% in November, Statistics Canada said on Friday, a rise of 1.7 percentage points since April 2023. The report, the last data release before the Bank of Canada announces its final interest rate decision of the year on Wednesday, also affected the Canadian dollar, which weakened by 0.48% to 1.4090 to the U.S. dollar, or by 70.97 U.S. cents.
- Yahoo Finance
Stock market today: Nasdaq, S&P 500 pop to strong weekly gains after jobs report boosts Fed rate cut odds
The last nonfarm payrolls report of 2025 gives a gut check on the labor market and economy ahead of the Fed's December policy decision.
- Global News
Unexpected jump in unemployment rate drives Canadian dollar down further
According to Statistics Canada, unemployment saw a surprising jump 6.8 per cent in November — which has driven the loonie down to just shy of its weakest level this year. Mackenzie Gray dives into the new stats and what they could mean for next week's Bank of Canada interest rate announcement.
- The Canadian Press
US applications for jobless benefits rise last week but remain at low levels
The number of Americans applying for unemployment benefits rose last week but remains at historically healthy levels.
- Reuters
Instant view: US Nov payrolls show job growth accelerated after October hiccup
Nonfarm payrolls increased by 227,000 jobs last month, above the 200,000 estimate of economists polled by Reuters, after rising an upwardly revised 36,000 in October, the Labor Department said on Friday. The report does show the incredible resiliency of the U.S. economy but, then again, you're at a point where we were already beginning to lower rates and easing some of the pressure higher short-term rates had on markets.
- Baystreet
Stocks Continue to Soar
Canada's main stock index hit a record high on Friday, led by technology shares, as a more-than-expected ...
- Yahoo Finance Video
Tech is starting to 'create some unemployment' with AI: Economist
The US added 227,000 nonfarm payroll jobs to the labor market in November, while the unemployment rate ticked back up to 4.2% and average hourly earnings rose 0.4% month-over-month. "We have a really remarkably calm labor market right now... If you take a look at the pace of firings yesterday, you take a look at this hiring remarkable stability here — that's what I really see in this report," RSM chief economist Joe Brusuelas tells the Morning Brief's Seana Smith and Madison Mills. "It's an American labor market that's just moving along at full employment." Brusuelas looks at President-elect Donald Trump's proposed tariffs and other economic policies as a risk to the US labor market's consistency in 2025. As more workers are staying unemployed for longer between jobs, Brusuelas identifies Big Tech as a major instigator of this dilemma: "The 800-pound gorilla in the room is technology beginning to create some unemployment? What economists would kindly call 'technological unemployment.' It's [why] everybody worries about artificial intelligence." For more commentary on the November jobs report, catch Yahoo Finance's interview with Interactive Brokers chief strategist Steve Sosnick and Citi senior global economist Robert Sockin from earlier today. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.
- Business Insider
Stock market today: Indexes rise as rate-cut odds edge up after jobs report
US employers added more jobs than expected in November, bouncing back after October's dismal reading. Stocks rose and yields slumped Friday morning.
- People
Airline Passenger Refuses to Switch Seats to Appease Child Having a Tantrum, Despite Parents' Pleas
"At this point, the dad leaned over and asked, 'Would you mind switching seats with her? She’s just a kid,' " the passenger says
- HuffPost
Barron Trump Introduces Himself In Video With Donald Trump And People Have Same Reaction
Many viewers said the same thing when a clip emerged of Trump's youngest son talking to Dana White and others.
- The Canadian Press
New clues emerge as investigators hunt for the gunman who killed UnitedHealthcare's CEO
NEW YORK (AP) — New clues emerged Thursday in the hunt for the masked gunman who stalked and killed UnitedHealthcare CEO Brian Thompson, including possible leads about his travel before the shooting and a message scrawled on ammunition found at the crime scene.
- CBC
Canadian woman's violent death on remote Scottish island 'like a bad dream': friend
New details have emerged in the case of a man accused of killing a Canadian woman in the remote Shetland Islands of Scotland and then allegedly telling two people that she was in "good health."Aren Pearson, 40, faces seven charges, including assault, murder and attempting to defeat the ends of justice in the death of his girlfriend 24-year-old Claire Leveque, of Edmonton. Pearson, a Canadian who also recently received his Scottish citizenship, appeared in Glasgow High Court Friday for a prelimin
- People
Prince George, Princess Charlotte and Prince Louis Make First Public Appearance in Six Months: 'It's Been a Difficult Year'
Prince George, Princess Charlotte and Prince Louis are stepping out to support their mom's big night
- Yahoo Canada Style
Sophie Grégoire Trudeau says she 'learned to cut ties' after split with PM Justin Trudeau: Everything she's said about relationships since their break up
The former TV presenter said in a recent interview she learned not to "cling too much" to life and relationships.
- Hello!
Hugh Grant's frank comment on ex-girlfriends after Elizabeth Hurley shock
About A Boy actor Hugh Grant has made a rare comment about his past high-maintenance girlfriends after ex Elizabeth Hurley reveals they no longer speak
- BuzzFeed
This Clip Of Barron Trump's Accent In 2024 Is Truly Letting People Down
We'll always have "sootcase" <3