Jun 02 2017
June 1 US stock index futures were little changed on Thursday, ahead of private jobs data that will give investors an indication of the health of the labor market and likely feed into the Federal Reserve's decision on interest rates later this month.
The Institute for Supply Management (ISM) said its index of national factory activity ticked up to a reading of 54.9 last month from 54.8 in April. Large businesses added 57,000 jobs.
"Given the strong argument that this labor market is going to get really tight, wage growth should pick up much more meaningfully as we make our way through the year into 2018", Moody's Analytics' chief economist Mark Zandi said on a conference call with reporters.
Traders are now pricing in an 88.9-percent chance of a quarter-percentage-point rate hike at the USA central bank's June 13-14 meeting, according to Thomson Reuters data.
Almost 40% of the job cuts were announced by Ford, according to the report.
European allies see the two sides of Trump at G7
Whether or not Trump will sign on to a new Twitter strategy remains to be seen-but it does seem like an unlikely shift to many. Still, there was irritation at Trump's refusal to show his hand on the Paris agreement to curb carbon emissions.
USA beats Kiwis on opening day of America's Cup qualifiers
However, a nosedive by the French team in the penultimate leg lead to a nervy conclusion as both teams raced for the finish line. Kiwi helmsman Peter Burling thought the penalty ruling was the correct one, in comments made before Slater's admission.
Kushner sought secret communications with Russia
President Trump said his first foreign trip in office was a big success, boasting on Twitter that he saved "millions of jobs". The Senate and House Intelligence committees also are investigating, but not with an eye to bringing criminal charges.
Economists had expected an increase of about 185,000 jobs compared to the addition of 177,000 jobs originally reported for the previous month. It is expected to do so again at its June 13-14 policy meeting. They have been below 300,000, a historically low figure, for 117 weeks.
A Labor Department official said claims for California and seven other states were estimated because of the Memorial Day holiday on Monday, which could have distorted the data.
The claims report has no bearing on the May employment report, which is scheduled for release on Friday, as it falls outside the survey period. The nonfarm payrolls report for May is expected to demonstrate continued strength in the labor market with 175,000 jobs expected to have been added in May.
The four-week moving average of claims, considered a better measure of labour market trends as it irons out week-to-week volatility, rose only 2,500 to 238,000 last week.
"We have a multitude of macro news coming out today and that will set the tone for the market's direction".
The U.S. central bank said "most" districts had cited worker shortages across a broadening range of occupations and regions. Almost 40 percent of the job cuts were announced by Ford Motor Co, according to the report.
Jun 02 2017
Germany, China pledge to boost ties amid Trump concerns
Li said he believed they two had found a solution on the issue of Chinese quotas for electric cars after a lengthy discussion. Merkel and Li met hours ahead of Trump's decision on whether to withdraw the United States from the Paris climate accord.
Jun 02 2017
How will the Conor-Floyd boxing match end?
Mayweather and Manny Pacquiao split their pot 60-40 in Mayweather's favor for that highly publicized 2015 fight. The popular MMA fighter hasn't fought as a boxer from the time he fought as mixed martial arts fighter.
Jun 02 2017
"He wants to stay in England" - Mino Raiola on Ibrahimovic's future
And it is understood from sources close to the club that Lukaku is now the man Mourinho wants to spearhead his United attack. Raiola said no talks had been held so far as the striker looks to recover from his injury.
May 31 2017
To Many Americans, Memorial Day Has Lost Its Meaning
The National World War I Museum pulled out all the pomp and circumstance to give our fallen soldiers a ceremony they deserve. Jackson's Memorial Day Procession and Ceremony by the Jackson County Veterans Council at 9 a.m.in downtown Jackson.
May 31 2017
Uber Fires Ex-Google Engineer In Driverless Car War
Uber has fired Anthony Levandowski , the star engineer at the center of its high-stakes legal fight over driverless cars. In a statement on Tuesday, his lawyers argued that a person can not be fired for invoking one's Fifth Amendment rights.
May 30 2017
SNP ready to join forces with Corbyn against May: Sturgeon
But during an interview with Bauer and Global radio stations he was pressed on what would happen if he ended up in Number 10. Ms Sturgeon gave her biggest hint yet that she would change the policy when she publishes her manifesto tomorrow.
May 30 2017
Manchester bomber had 'desire for revenge' after friend was murdered by Britishers
The British investigation is now reportedly focusing on who helped Abedi, and on whether the bomb-maker is still at large. There were also raids and arrests on Wednesday in Manchester , Wigan and Nuneaton in Warwickshire.
May 29 2017
LeBron James breaks Michael Jordan's playoff scoring record
Hammond replaces Rob Hennigan, who was sacked last month after the Magic failed to make the playoffs during his five-year tenure. The four-time All-Star - who was 10-of-12 from the field in the second half - added four assists and three boards in the win.
May 29 2017
No surprise: It's Cavs-Warriors in the NBA Finals, again
And in the third quarter, the All-Star guard had James' back again, keeping the Cavs on their collision course with the Warriors . LEBRON JAMES: Now, when you're growing up and you're seeing Michael Jordan , you - it's nearly like a god.
May 28 2017
Russians 'boasted spies had links to Trump aides' during election campaign
US intelligence agencies concluded in January that Moscow tried to sway the November vote in Trump's favor. The committee followed that Tuesday by issuing two new subpoenas to Flynn's business.
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