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Gold prices were flat on Thursday, as markets awaited key US jobs data to gauge the Federal Reserve's next policy move.Brendon Thorne | Bloomberg | Getty ImagesGold prices were flat on Thursday, as markets awaited key US jobs data to gauge the Federal Reserve's next policy move.Spot gold steadied at $4,155.65 per ounce, as of 0205 GMT. US gold futures were flat at $4,185.40.The crucial US nonfarm payrolls report for September is scheduled for release on Friday.The US dollar held firm, supported by an extended rise in US Treasury yields. A stronger greenback makes dollar-priced metals costlier for holders of other currencies."The PCE data gave gold some lift, but that move faded due to the relentless rise in yields. Incoming data is going to be important to watch to see how the market deals with it and shapes rate hike expectations," said Ilya Spivak, head of global macro at Tastylive."We are in a situation where the market is dealing with...

How U.S.-China Trade Shifted Across the States Key Takeaways New Mexico was the only state whose trade with China grew in 2025, rising 27% on a surge in electronics exports that include computer chips. Every other state traded less with China, led by Louisiana (down 64%) and Wyoming (down 58%). California lost the most in dollar terms, $52.2 billion, as its imports from China fell by 38%. U.S. goods trade with China fell 29% in 2025, from $583.6 billion to $414.6 billion, amid a year of sharply higher tariffs and shifting trade flows. This map shows the change in each state’s goods trade with China from 2024 to 2025, using data from the U.S. Census Bureau. Trade is the sum of a state’s exports to and imports from mainland China, in current U.S. dollars. Exports are credited to the state where a shipment begins its journey to the port, which is not always where the goods were produced. Trade With China Fell in 49 of 50 States The size...

Millions of Americans may need to find an entirely new career in the next decade, according to research released Tuesday. An estimated 11 million workers, or about 6.5% of the current labor force, might have to jump into entirely different occupations by 2035 as a result of automation and artificial intelligence adoption, according to a report from consulting firm McKinsey & Co. The McKinsey Global Institute report predicts that AI could create more jobs than it kills in the next nine years; however, the technological innovation “may require the largest and most sustained workforce transformation in US history.” “While social media abounds with...

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Sept. 15, 2026. Jeenah Moon | ReutersTreasury yields wavered as traders weighed lighter-than-expected U.S. inflation data for August as they awaited the September jobs report due later in the week. The 2-year Treasury note yield was last little changed at 4.895%, while the 10-year Treasury yield was more than 4 basis points higher at 5.298%, recovering after a brief pullback earlier in the session. The benchmark yield traded near 2007 highs. The 30-year Treasury bond was up nearly 4 basis points at 5.632%, or around its highest level since 2002. One basis point equals 0.01%, and yields and prices move in opposite directions. Consumer prices were reported Wednesday to have posted a smaller-than-expected increase in August compared to the same period a year ago, according to the Federal Reserve's primary measure of inflation. The personal consumption expenditures price index increased a seasonally adjusted...

A wood products manufacturer is putting down roots in Anderson County, with plans for a new facility at 1205 Hamby Road in Honea Path expected to create 217 jobs and bring in more than $215 million in investment. Adeptus USA, which makes processed pine products like molding, boards, shiplap and panel goods, says operations are expected to begin in the second quarter of 2027. The company, described as a wood products manufacturer, has chosen Anderson County for its first South Carolina operation, according to WYFF. The project's price tag is reported at $215.56 million by Greenville Business Magazine, while the SC Daily Gazette puts the figure at $216 million — the exact number has not been reconciled between the two accounts. The facility will manufacture value-added and processed pine wood products, per the same Greenville Business Magazine report, turning out painted and primed molding, boards, shiplap and a variety of panel products and grades for building and millwork use. HTI is expected...

HURT, Va.--(BUSINESS WIRE)--Avio USA today broke ground on its first U.S. manufacturing facility, an approximately 900,000-square-foot solid rocket motor plant in Hurt, Virginia, that will add significant domestic capacity for U.S. missile and munitions production.“Avio USA is building more than a manufacturing facility in Virginia. We are building an American company and workforce that can bring Avio’s proven propulsion expertise to the U.S. defense market,” said James Syring, CEO of Avio USA.Share Located at the Southern Virginia Multimodal Park, the new facility will give Avio USA the capacity to produce thousands of solid rocket motors annually for U.S. tactical missile programs. The company expects to create roughly 1,500 high-quality technical jobs in Southern Virginia. “America needs new suppliers to expand capacity, strengthen competition, and accelerate production now for solid rocket motors and munitions,” said Secretary Hung Cao. “Virginia already carries a critical share of the nation’s energetics workload. This new facility in Hurt will build on that strength, reinforce our defense industrial...

Alan Nudelman (R), from Jiffy Lube, speaks to people about job opportunities during the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena on Sept. 25, 2026 in Sunrise, Florida. Joe Raedle | Getty ImagesPrediction market traders are expecting another strong jobs report on Friday. Following August's bigger-than-expected employment report — where the U.S. added 162,000 jobs during the month — traders on prediction market platform Kalshi think there's a 60% chance the country added more than 90,000 jobs during September. Speculators also think there's almost 50-50 odds that the report is once again in six figures. That's higher than the Dow Jones consensus economist consensus forecast of 84,000. On the contracts, traders are asked whether they think the U.S. added more than a certain number of jobs in the month. The market and its contracts are resolved using official data from the Bureau of Labor Statistics. Traders on Polymarket also think there's about 50-50 odds the September jobs report is in...

The major economic data to be released this week will be the September U.S. jobs report on Friday. We expect a net increase in total employment of 85,000 positions following the gain of 162,000 in August. We expect the unemployment rate will remain unchanged at 4.1%. Average hourly earnings should increase by 0.3% month over month and by 3.2% on a year-ago basis. Get Joe Brusuelas’s Market Minute commentary every morning. Subscribe now.   With inflation rearing its ugly head once again, one focus will be on real wages in contrast with the nominal numbers reported in the monthly jobs data. Because we are expecting the September consumer price index to show inflation at or above 4% when it is released on Oct. 14, aggregate hours worked in the September jobs data will most likely provide an indication of whether household consumption will slow into the holiday shopping season. We anticipate that construction jobs linked to the AI data center build-out as well as skilled trades should show...

HURT, Va. (WSET) — A major economic development milestone for Virginia’s Southside was celebrated on Tuesday as Avio USA broke ground on its new advanced manufacturing facility in Hurt.The company, which is a subsidiary of global aerospace company Avio S.p.A., will invest about $500 million to build an 860,000-square-foot manufacturing facility at the Southern Virginia Multimodal Park.SEE ALSO: VDOT rolls out new road-marking gear to speed striping and cut crew exposureFirst announced in February, the project is expected to create 1,500 jobs.Gov. Abigail Spanberger spoke at the groundbreaking and said it is one of the largest economic development projects in the region’s history.We are grateful, and we are ready to do right by this investment and the trust you have placed in Virginia,” Spanberger said.The facility will produce solid rocket motors for defense and tactical propulsion systems, missile systems and commercial space applications.At a time when the United States is focused on strengthening domestic supply chains and expanding manufacturing capacity,...

WASHINGTON -- U.S. employers posted fewer job openings in August, but the American labor market remains resilient in the face of higher energy costs caused by the fighting with Iran.U.S. job openings slid to 7.08 million from a revised 7.34 million in July, the Labor Department reported Tuesday. Openings came in below the 7.2 million that forecasters had expected.The department's Job Openings and Labor Turnover Survey (JOLTS) also showed that layoffs fell and the number of people quitting their jobs — a sign of confidence in their prospects — was little changed in August.The U.S. job market is sturdy, though unspectacular, despite an energy shock from the Iran war. Hiring has rebounded from a miserable 2025. Employers — businesses, nonprofits and government agencies — have added an average 80,000 jobs a month so far this year. That is an improvement on the 9,700-a-month average last year when high interest rates and uncertainty about President Donald Trump's trade policies discouraged businesses...