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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Why the Fed is still watching the labor market: Frmr Kansas City Fed Pres.US Equities (^GSPC, ^DJI, ^IXIC) are trading higher on Thursday as the market reacts to the Federal Reserve's updated Summary of Economic Projections. The...
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US Initial Jobless Claims Ease in Sign of Resilient Labor MarketInitial applications for US unemployment benefits held near historically low levels last week, underscoring the resilience of the labor market.
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Immigration is 'the explanation' for strong US labor marketThe labor market has continued to thrive, with some economists attributing the robustness of the job market to rising immigration levels. RSM Chief Economist...
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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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