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Job Market Starts 2024 With a Bang
Posted inBureau of Labor Statistics Federal Reserve System Hiring and Promotion Interest Rates Labor and Jobs Labor Department (US) Layoffs and Job Reductions Prices (Fares, Fees and Rates) Unemployment United States Economy Wages and Salaries

Job Market Starts 2024 With a Bang

U.S. employers added 353,000 jobs in January, far exceeding forecasts, and revised figures showed last year was even stronger than previously reported.
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Posted by By Lydia DePillis
Blockbuster Jobs Report Backs Up Fed’s Patience as It Waits to Cut Rates
Posted inFederal Reserve System Inflation (Economics) Interest Rates Labor and Jobs Powell, Jerome H United States Economy

Blockbuster Jobs Report Backs Up Fed’s Patience as It Waits to Cut Rates

Given continued strength of the economy, the Federal Reserve is unlikely to feel pressure to cut interest rates at its next meeting in March.
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Posted by By Jeanna Smialek
Economists Expected a Hiring Slowdown. So Much for That.
Posted inConsumer Behavior Federal Reserve System Hiring and Promotion Interest Rates Labor and Jobs Powell, Jerome H Prices (Fares, Fees and Rates) United States Economy

Economists Expected a Hiring Slowdown. So Much for That.

Jobs and wage gains remain robust despite the Federal Reserve’s campaign to cool the economy, surprising policymakers and economic forecasters.
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Posted by By Jeanna Smialek
The Squeeze on British Businesses Is Not Letting Up Soon
Posted inBank of England Economic Conditions and Trends Great Britain Interest Rates Small Business

The Squeeze on British Businesses Is Not Letting Up Soon

Company insolvencies hit a three-decade high, with businesses under pressure from high debts, prices and interest rates. The Bank of England held rates steady on Thursday.
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Posted by By Eshe Nelson

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