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TCS says US suspension from PERM green card programme won't impact workforce strategy as applications were in single digits. IT giant to hire 15,000 in US in next 5 years.
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#TCS# #USGreenCard# #PERM# #H1B# #USJobs# #DNAUpdates#
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US Vice President JD Vance accused Microsoft of exploiting H-1B visa programme to replace American workers, calls them indentured servants. Microsoft suspended from PERM green card programme.
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#JDVance# #Microsoft# #H1BVisa# #PERM# #USJobs# #DNAUpdates#
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Q: Which US stock index is just < 1% away from its record high?
A:
Also, tap to find out:
⭐️ #Gold#'s forecasted trading range for the week, according to @business models.
🚀 @SpaceX forecasted stock price move after its earnings release (due tomorrow - Tue, Aug 4th)
#MarketPulse# #earnings# #NFP# #USjobsreport#
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US JOBS BLOW PAST EXPECTATIONS
🔸August Nonfarm Payrolls: +162K vs +55K expected — a major upside surprise.
🔸Unemployment: 4.1%, unchanged
🔸Wages: +0.3% MoM / +3.1% YoY
🔸Participation rate: 61.6%
🔸Biggest gains: Food services +59K, local government education +42K.
🔸Information sector lost 23K jobs.
🔸June and July payrolls were revised +55K higher combined.
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US JOBS SMASH EXPECTATIONS
August nonfarm payrolls surged +162K, crushing the +53K consensus.
Unemployment held at 4.1%, in line with expectations.
Private payrolls rose +127K, while government added +35K.
Hourly earnings increased +0.27% MoM / +3.09% YoY.
Labor-force participation: 61.6%.
Previous payrolls revised to +21K in July and +31K in June.
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US jobs report screams slowdown beneath the headline: payrolls rose just 57k, but the household survey showed employment plunging 507k and the labor force collapsing 720k. Unemployment fell to 4.2% for the wrong reason: participation cratered to 61.5% from 61.8%.
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NEW US JOBS DATA:
Non-farm Payrolls: +29k
Unemployment Rate: 4.2% (+0.1%)
Prime Age (25-54) Employment-Population Ratio: 80.7% (+0.3%)
Average Hourly Earnings: +0.1%
NEW US JOBS DATA:
Non-farm Payrolls: +162k
Unemployment Rate: 4.1% (+0%)
Prime Age (25-54) Employment-Population Ratio: 80.4% (+0%)
Average Hourly Earnings: +0.3%
NEW US JOBS DATA:
Non-farm Payrolls: -23k
Unemployment Rate: 4.1% (-0.1%)
Prime Age (25-54) Employment-Population Ratio: 80.4% (+0.2%)
Average Hourly Earnings: +0.1%
JUST IN: US jobs reports have been revised lower in 16 of 20 months, erasing 793,000 jobs