Just like that: Market pricing swings back to quarter-point Fed rate hike
One bank implosion and a cooperative jobs report later, and the market has changed its mind.
Unemployment for Black and Hispanic women rose in February, but more workers join the labor force
Black women saw their unemployment rate jump to 5.1% from 4.7%. Among Hispanic women, it jumped to 4.8% from 4.4%.
Here’s where the jobs are for February 2023 — in one chart
The leisure and hospitality sector added 105,000 jobs last month, according to the Labor Department, accounting for roughly a third of the total jobs gain.
Payrolls rose 311,000 in February, more than expected, showing solid growth
Nonfarm payrolls were expected to increase by 225,000 in February, while the unemployment rate was projected to hold at 3.4%, according to Dow Jones.
UK economy rebounds with stronger-than-expected January GDP print
The U.K. economy grew by 0.3% in January, official figures showed on Friday, exceeding expectations as it continues to fend off what economists see as...
Job openings declined in January but still far outnumber available workers
The Labor Department's Job Openings and Labor Turnover Survey showed there are 10.824 million openings, down some 410,000 from December.
Private payrolls rose by 242,000 in February, better than expected, ADP says
Companies added jobs at a brisk pace in February as the labor market kept humming, payroll services firm ADP reported Wednesday.
How China’s shifting growth picture could hit global markets
China's economy will be forced to recalibrate because of a "fractured" global order, and the new drivers of growth will "disappoint" global markets, according to...
Fed’s Powell heads to Capitol Hill this week, and he’s going to have his hands full
Federal Reserve Chairman Jerome Powell appears before Congress with a tall task.