The rupee gained 42 paise to close at 91.51 (provisional) against the U.S. dollar on Monday (February 2, 2026), a day after the Union Budget 2026-27 was presented, largely as crude oil prices retreated from their elevated levels. Also Read | Rupee hits all-time low of 92 against U.S
The Union Budget 2026 has proposed a significant change that directly affects investors who borrow funds to invest in dividend-paying stocks or mutual funds. The proposal removes the existing tax benefit that allowed investors to claim a deduction on interest paid for such borrowings
West Bengal emerged as a major beneficiary of railway-led infrastructure expansion this weekend, with a series of announcements signalling a significant boost for connectivity in the state, particularly in North Bengal. A day after the Ministry of Railways cleared three new railway line projects
Hours before she was scheduled to lead a Trinamool Congress (TMC) delegation to meet Chief Election Commissioner Gyanesh Kumar in Delhi over the Special Intensive Revision (SIR) of electoral rolls, West Bengal Chief Minister Mamata Banerjee on Monday alleged that Bengalis in the Capital were being
The NFL's 2025 season has provided the most wide-open race for the Super Bowl in years. Now just the New England Patriots and the Seattle Seahawks remain and they will meet on Sunday to decide the NFL champions. It is a title New England have held six times but this is their first Super Bowl since
US job creation in 2025 slows to weakest since Covid
US job creation in 2025 slows to weakest since Covid
The number of jobs created in the US grew only modestly in December, as a weak year for the employment market in the world's largest economy drew to a close.
Employers added 50,000 jobs in the final month of 2025, according to Labor Department data, which was fewer than expected. But the unemployment rate dipped to 4.4%.
Job gains last year were the smallest since 2020, when the Covid pandemic led to widespread cuts.
Businesses have been operating in an environment marked by US President Donald Trump's dramatic policy changes, including tariffs, an immigration crackdown and cuts to government spending.
The US economy has held up in the face of these shifts, growing at an annual rate of 4.3% over the three months to September.
But the expansion - driven by steady consumer spending and a growth in exports - has not been accompanied by significant job creation.
On average, the US added an average of just 49,000 roles per month in 2025, down from an estimated gain of 168,000 a month the year before.
The Labor Department said the US also added 76,000 fewer new positions in October and November than previously estimated.
Retailers and manufacturers were among the sectors reporting losses last month, which were offset by hiring at health care employers, bars and restaurants.
The data underscores the mixed dynamics facing job-seekers in the US, where hiring has cooled markedly over the last year but fears of mass layoffs have not materialised.
The US Federal Reserve central bank has responded to the slowdown by cutting its key lending rate in hopes of giving the economy a boost.
The central bank trimmed interest rates three times last year starting in September, despite concerns that inflation is still bubbling. Its key lending rate is now hovering around 3.6%, which is the lowest level in three years.
But policymakers are divided about how much lower borrowing costs should go.
Analysts said the latest figures would do little to resolve those debates. The jobless rate, which had jumped in November to 4.5%, fell back last month to 4.4%, where it stood in September.
"Today's report confirms what we think has been evident for some time—the labour market is no longer working in favour of job seekers," said Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management.
But she added: "Until the data provide a clearer direction, a divided Fed is likely to stay that way. Lower rates are likely coming this year, but the markets may have to be patient."
The monthly jobs report is among the most closely watched pieces of economic data reported by the US government.
Its publication has traditionally been strictly guarded, out of fears that some people could use early access to the information for financial gain.
That dynamic is one of the reasons why in some circles, a social media post by Trump on Thursday that incorporated some of the then-unpublished data, drew almost as much attention as the report itself.
Source: BBC
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