Nasdaq Bounces 1.5% as Chipmakers Steady Markets After Strong U.S. Jobs Data
The tech-heavy Nasdaq Composite climbed nearly 1.5% on Friday as semiconductor equities recovered following an unexpectedly robust October jobs report.
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U.S. Long-Term Unemployment Reaches Multi-Year High as Job Searches Cross Six Months
While the U.S. economy added 165,000 jobs in October, the average search for unemployed workers lengthened to 27.1 weeks, surpassing standard unemployment benefit limits and signaling hiring friction.
U.S. Job Cuts Hit Lowest October Level in Three Years Ahead of Federal Payroll Data
U.S. job cut announcements fell to their lowest October total in three years, according to reporting published ahead of the federal government's monthly employment report.