US Labor Market Surprises with Biggest Jump in Payrolls

-- The US labor market defied projections again with the biggest jump in payrolls in nearly a year, increasing the likelihood that the Federal Reserve will delay interest-rate cuts.Zimbabwe Announces New Currency Called the ZiG, Backed by Gold

The Congressional Budget Office warned in its latest projections that US federal government debt is on a path from 97% of GDP last year to 116% by 2034 — higher even than in World War II. The actual outlook is likely worse. Developing economies of East Asia and the Pacific are set to see slowing growth, with higher-for-longer interest rates and worsening geopolitical tensions clouding the outlook for the region, the World Bank said.Developing nations around the world are grappling with a choice of allegiance to the US or China on matters of trade, financing and security. Nowhere is that tougher than in Argentina.

--With assistance from Maeva Cousin , David Wilcox , Enda Curran, Katia Dmitrieva, Jonathan Gilbert, Claire Jiao, Linda Lew, John Liu, Yujing Liu, Brendan Murray, Jana Randow, Bhargavi Sakthivel , Zoe Schneeweiss, Kevin Simauchi, Manuela Tobias, Chien-Hua Wan, Fran Wang and Debby Wu.Here's a quick glance at unemployment rates for March, by Canadian city

A multi-trillion-dollar bull market is coming for assets that benefit from higher inflation, top macro strategist says AI is more than just a new hype/trend in the tech sector. It’s a fundamentally transformative force and may help certain companies experience unprecedented growth. The post Forget NVIDIA: This Canadian AI Stock Has Even More Upside appeared first on The Motley Fool Canada.The ex-national security adviser shared one method that "can work at least for a while" on the former president.

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Labor market will be the 'focus' of Fed rate cuts: EconomistThe S&P Global US Services PMI (Purchasing Managers' Index) came in weaker-than-expected for March, with a reading of 51.7. S&P Global Market Intelligence...
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Job openings data shows US labor market remains 'quite healthy'February's JOLTS report showed the labor market has remained in a strong position while the Federal Reserve holds interest rates at multi-decade highs.
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US Job Openings Holding Steady Shows Labor Market ResilienceUS job openings were little changed in February from the prior month, suggesting labor demand is stabilizing at an elevated level.
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