US job News

Credit Suisse Chief Executive Tidjane Thiam`s pay for his first full year in the job swelled to 11.9 million Swiss francs ($12 million), while bonuses rose 6 percent despite back-to-back annual losses at Switzerland`s second-biggest bank.

The US job market faltered in September and hiring in prior months was slower than thought, the Labour Department said today in a report pointing to a slowing economy.

The Federal Reserve`s upgraded view that growth in the world`s biggest economy is "solid", and so capable of withstanding an interest rate rise this year, will be put to the test by US jobs data this week.

The dollar lost more ground in thin Asian trade Thursday, after a rally powered by decade-high US economic growth figures.

US job creation picked up solidly in June, pushing the jobless rate down to 6.1 percent, boosting confidence in the economy and sending stocks flying to new records.

The International Monetary Fund on Monday slashed its forecast for the United States and urged policymakers to keep interest rates low and raise the minimum wage to strengthen growth.