were lower than expected, indicating the labor market remains solid despite the Fed's efforts to stifle demand for workers.
Expectations the central bank would further dial down the size of its interest rate increases at its policy announcement next month were unchanged by the report. Investors have been looking for signs of weakness in the labor market as a key ingredient needed for the Fed to begin to slow its policy tightening measures.Other data showed manufacturing activity in the mid-Atlantic region was subdued again in January, while data from the commerce department confirmed the recession in the housing market persisted.
"What we are seeing is the market carving out a bottom in the uncertainty so the news is having less of an effect and what we are seeing today is really just a continuation of that," said Brad McMillan, chief investment officer for Commonwealth Financial Network, an independent broker-dealer in Waltham, Massachusetts.The Dow Jones Industrial Average
?
we are in a recession. been that way for three years. they just don’t know it yet.
The FED had to rise its interest rate: “Communist” China has reduced its investments in US debt to the lowest level since 2010 — as of May, total investments have fallen below 1 trillion to $980.8 bn. And, China is undervaluing its currency to destroy the West productive sector.
we’ve been in one for a year already…
It makes me happy to see the American demise!
We've been in a recession for some time now.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNN - 🏆 4. / 95 Read more »