U.S. labor market solid; manufacturing sector slowing

WASHINGTON - The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to still strong labor market conditions, though the pace of job growth has slowed after last year’s robust gains.

The Federal Reserve held interest rates steady on Wednesday and its policymakers abandoned projections for further rate increases this year, noting that “growth of economic activity has slowed from its solid rate in the fourth quarter.” The claims data covered the survey week for the nonfarm payrolls portion of March’s employment. The four-week average of claims fell 11,000 between the February and March survey periods, suggesting a pickup in job growth after hiring almost stalled last month.

Gross domestic product estimates for the first quarter are as low as a 0.4 percent annualized rate. The economy grew at a 2.6 percent pace in the fourth quarter.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

This sector should post earnings growth double the market, but the trade comes with some risksInvestors should consider industrial stocks as their valuation, strong fundamentals and expected earnings growth make them an attractive investment, according to experts.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Iran's oil minister blames U.S. for market tensionsIranian Oil Minister Bijan Zanganeh said on Saturday frequent U.S. comments abou... I wish US would quit doing its economic terrorism He is right Don't buy oil from any of them
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »

Passive investing now controls nearly half the US stock marketMarket share for passively managed funds has risen to 45 percent, up a full point from June 2018, according to data this week from Bank of America Merrill Lynch.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »