U.S. benchmark crude jumped 6% to US$62 per barrel midday
Consumers cite prices as top concern, tariffs remain high
Decline comes even as data point to slowing labour market
Higher than expected number, other data, signal cooling labour market
Unemployment remains low at 4.2%, but fewer employers are hiring
Small decline in line with forecasts as job market weakens
Trump-era policies and weak hiring weigh on U.S. labour market
Claims decline, signalling steady labour market
Weekly claims rise by 7,000, but still within historically low range
Layoffs remain low as labour market shows resilience