February jobs report expected to show strong labor market continuing with solid wage gains
The economy was likely to have added jobs at a healthy pace in February and wages gains were strong.
February jobs rose a surprisingly strong 678,000, unemployment edged lower while wages were flat
Nonfarm payrolls for the month grew by 678,000 and the unemployment rate was 3.8%, the Labor Department reported Friday.
Weak mortgage demand could get a big boost as Ukraine crisis causes interest rates to drop sharply
Mortgage demand fell last week as rates rose, but that may all change this week as rates drop again, and sharply.
Companies added 475,000 jobs in February, better than expected, ADP says
Companies added 475,000 positions for the month, better than the Dow Jones estimate for 400,000.
Fed Chair Powell notes ‘highly uncertain’ Ukraine impact, but says rate hikes are still coming
Fed Chairman Jerome Powell still sees rate hikes coming but noted that the Russia-Ukraine war has injected uncertainty into the outlook.
Jobless claims total 215,000, fewer than expected; productivity rises 6.6%
Initial claims for unemployment insurance totaled 215,000, the lowest total since the beginning of the year.
Fed’s favorite inflation gauge up 5.2% for biggest annual gain since 1983
A key inflation measure showed that prices rose at their fastest level in nearly 39 years, the Commerce Department reported Friday.
Jobless claims total 232,000, slightly less than expected; Q4 GDP revised up to 7%
Weekly jobless claims came in slightly less than expected last week and economic growth to end 2021 was slightly better than originally reported.
Fed’s Bullard says inflation ‘could get out of control,’ so action is needed now
St. Louis Fed President James Bullard cautioned that without action on interest rates, inflation could become an even more serious problem.