US Labor Market Surprises with Biggest Jump in Payrolls

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Economy News

US Labor Market,Payrolls,Interest-Rate Cuts

The US labor market defied projections with the biggest increase in payrolls in nearly a year, raising the possibility of a delay in interest-rate cuts by the Federal Reserve.

-- 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

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