No news is good news, as the saying goes, and that would aptly describe the March employment report released Friday morning. For financial markets, that would mean continued steady Federal Reserve policy, about which President Donald Trump again complained should be eased with both interest-rate cuts and a resumption of quantitative easing.
But other details of the jobs report were less positive. The unemployment rate held steady at 3.8%, but that reflected a decline in the number of people in the workforce. The labor force dropped by 224,000, or 0.1%, while the labor-force participation rate declined by 0.2 percentage point, to 63.0%.
Nearly half of last month’s payroll increases were concentrated in health and human services and accommodations and food services, two categories relatively immune to the state of the economy. Meanwhile, Blitz notes. Payroll growth in higher-paying industries is slowing. The net result: weaker overall pay gains.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
info well noted marketwatch
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market trades at session low with energy sector, Boeing's stock weighingThe stock market traded at session lows with about two hours left in regular trade Wednesday afternoon. There appeared to be no direct catalyst for the...
Source: MarketWatch - 🏆 3. / 97 Read more »
For the stock market, April is the strongest monthApril has been the strongest month for stocks over the past 20 years.
Source: MarketWatch - 🏆 3. / 97 Read more »
'The spigot turned off': How the stock market fall clobbered corporate debtInvestors will be watching to see whether the steep decline was the remnants of 2018's late-year turmoil, or another sign that the economy is slowing.
Source: CNBC - 🏆 12. / 72 Read more »
Lyft stock is tumbling after a lukewarm market debut last weekLyft's market debut offers something of a gut check for Uber, Slack and Pinterest. I've used Lyft once in five years. I've used Uber 11 times in the past month. waitingforUber
Source: CNBC - 🏆 12. / 72 Read more »
China's stock market is up 27% this year, giving it new leverage in trade talksWhen the U.S. escalated the trade war with China last September, China's economy was struggling and its stock market was in a deep slide. I thought China was losing. 🤷♂️🤔 Does that mean China can get more out of a deal and not have to settle for just anything The stockholders are told what to do by Beijing. When they want it to go up, it goes up. No leverage here.
Source: CNBC - 🏆 12. / 72 Read more »
Josh Brown: How I explain the stock market vs the economyJosh Brown, CEO of Ritholtz Wealth Management, has a good analogy to compare the gyrations on Wall Street to the real economy. ReformedBroker acorns
Source: CNBC - 🏆 12. / 72 Read more »
First quarter earnings are expected to be lousy, but the stock market may not careThe worst earnings season in three years is about to begin, but stock strategists say the market should be able to ignore weaker profits and continue to edge toward all-time highs. Earnings don’t matter unless they are collapsing. The Fed matters more. 999 baby! Glass half empty. Classic spin LOL... What a joke this is You people keep trying to fool the market... It will not last
Source: CNBC - 🏆 12. / 72 Read more »
Why the remarkable stock market recovery could just be getting startedCNN News, delivered. Select from our newsletters below and enter your email to subscribe. Winning! Thank you President Trump. Cheap money. What a stupid article.
Source: CNN - 🏆 4. / 95 Read more »