Blog
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Jobs Report Defies Expectations Yet Again
America's employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates, the AP reports. Last month's job growth was up from a... Go to Source Author:
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February Jobs Report Contained a Surprise
The February jobs report was an eagerly anticipated one, and it held a surprise. Economists had not expected a repeat of January's originally reported 353,000 new jobs, with most predicting the addition of 200,000 jobs last month. But February delivered 275,000 new jobs, a number the AP... Go to Source Author: Kate Seamons
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US Employers Keep Defying Expectations
A new report out of the Labor Department on Friday shows that American employers continue to hire at what the AP calls a "stunning" pace: Employers added 353,000 jobs in January, well above expectations of 185,000, reports the Wall Street Journal . It's also higher than the revised figure... Go to Source Author: John Johnson
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New CBO Projections Raise Hopes of a ‘Soft Landing’
The Congressional Budget Office said Friday it expects inflation to nearly hit the Federal Reserve's 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years. The office's Current View of... Go to Source Author:
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Hiring Remains Stronger Than Expected
The nation's employers added a solid 199,000 jobs last month and the unemployment rate fell—fresh signs that the economy could achieve an elusive "soft landing," in which inflation would return to the Federal Reserve's 2% target without causing a steep recession. Friday's report from the Labor Department showed... Go to Source Author:
