US market slides as jobs report misses expectations

Disappointing employment numbers

Daniel Flynn
clock

US markets have opened sharply lower, after the latest employment data undershot analysts' forecasts.

The US added just 142,000 new jobs last month, according to the Department of Labour, will below the 201,000 predicted by analysts.  After a disappointing August, the figure mark the smallest two-month gain in US employment in over a year, though it is an improvement on the 136,000 reported the previous month. The S&P 500 and Dow Jones indices both opened 1.5% lower in early trading, falling to 1,896 and 16,023, respectively. Meanwhile, gold rallied 2% to $1137 per ounce, as investors flocked to the safe haven asset class. The latest figure casts doubts over whether the economy ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Markets

Market Movers blog: UK gilt yields start to climb down

Market Movers blog: UK gilt yields start to climb down

Latest news and analysis

Investment Week
clock 13 January 2025 • 1 min read
London Stock Exchange suffers lowest IPO volume on record in 2024

London Stock Exchange suffers lowest IPO volume on record in 2024

Following 88 delistings last year

Linus Uhlig
clock 06 January 2025 • 3 min read
Donald Trump urges EU to purchase US oil and gas or face tariffs

Donald Trump urges EU to purchase US oil and gas or face tariffs

Latest Trump tariff threat

Linus Uhlig
clock 20 December 2024 • 2 min read
Trustpilot