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U.S. job growth is stronger than expected
US employers added 23 lakh jobs in March, the most since July 2017, according to the government’s monthly payroll report. The unemployment rate stood at 4.1%, its lowest level in over five years. The US economy has added over 20 lakh jobs for the last four months, marking the seventh straight month of job growth.
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What to expect from the jobs report on Friday, that we are at a tipping point
The US employment rate rose 59% in March as compared to the same period last year, according to the latest US labour data. The unemployment rate rose to 3.8% from 3.6%. In March, US employers hired 236,600 workers, below expectations and a sign that the labour market is cooling off due to the Fed’s year-long…
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There are five reasons to be cautiously optimistic in the year of 2023.
The US’ private-sector payrolls increased by 225,000 in December, according to a government report on Friday. This is the highest increase in hiring since October 2021 and it comes as the unemployment rate fell to a half-century low of 3.6%. However, the increase in payrolls was more than the 235,000 economists had expected.
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This year, there is what to expect in the housing market.
The unemployment rate in the US rose to 5.2% in November, according to the government’s estimate, its highest level in over six years. The unemployment rate in Japan, a major market for US goods, stood at 3.5% in November, its highest since January 2014. In the EU, the unemployment rate stood at 10.8% in November,…
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The investors are at a high inflation reading.
US stocks fell on Friday after employment data showed that the unemployment rate fell to 3.5% in December, the lowest level since January 2008. However, there was a lack of jobs growth in several parts of the country. The number of payrolls rose by 139,000 last month, while the unemployment rate fell to its lowest…
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The job growth in the U.S. remains strong.
The US unemployment rate fell to 5% in October, falling below 5% for the first time in nearly four years, as more people entered the labour market. The economy added 165,000 jobs in October and the unemployment rate dipped to 4%, the lowest since July 2015. Economists predict that the unemployment rate will fall to…
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Markets will not go back to normal until the Fed stops hiking rates.
The US Federal Reserve may be able to make a dovish pivot on interest rates by the end of the year with the help of the October inflation numbers, an economist said. Last week’s unemployment rate may have been too low for investors’ liking, but it’s important to remember how much growth has slowed since…