The United States labor market delivered a surprise in June, adding 147,000 jobs and defying predictions of a summer slowdown. The latest report from the Labor Department showed the unemployment rate dipping to 4.1%, the lowest level since February, even as many economists had expected it to tick up to[Read More…]

U.S. stocks charged to fresh record highs on Thursday, boosted by an unexpectedly strong jobs report that reassured investors about the health of the economy. The rally sent major indexes to levels never seen before, while bond yields climbed sharply as hopes faded that the Federal Reserve would cut interest[Read More…]