Key Points
February US job growth data shows that economists aren't expecting a recession this year..
US job growth accelerated in February, but a rise in the unemployment rate and moderation in wage gains kept on the table an anticipated interest rate cut in June from the Federal Reserve.g)..
Nonfarm payrolls increased by 275,000 jobs last month, the Labor Department's Bureau of Labor Statistics said in its closely watched employment report on Friday..
Despite a rash of high-profile layoffs at the start of the year, employers are generally holding on to their workers after struggling to find labour during the COVID-19 pandemic..
There were 1.45 open jobs for every unemployed person in January, still above the average of 1.2 during the year before the pandemic, government data showed this week..
You might be interested in
US job growth strong in March; unemployment rate falls to 3.5%
07, Apr, 23Data for February was revised higher to show 326,000 jobs were added instead of 311,000 as previously reported
Fed poised for big upgrade to outlook despite swirling risks
19, May, 23While most Wall Street economists – and the Fed staff – are predicting a recession in the next year, there’s been mainly indications of moderating growth rather than any sharp drop in demand.
US job growth beats expectations in February; wages rise moderately
10, Mar, 23Economists polled by Reuters had forecast job growth of 205000
Is it a ‘richcession’? Or a ‘rolling recession’? Or maybe no recession at all?
29, Jun, 23International Business News: Despite concerns of an impending recession hitting the US, recent indicators suggest that it might be avoided. Despite higher borrowing costs, consume
Economists raising India's FY25 growth forecast on good nine-month show
01, Mar, 24A revival in spending by private enterprises and tailwinds from expected monetary easing sometime later in the year are expected to keep the economy chugging at the current world-beating pace. Growth for the full year FY24 is now seen at 7.6%. An ET poll conducted before the GDP (gross domestic product) data release had pegged FY25 growth at a median of 6.5%, with forecasts ranging from 5.4% to 7.1%.
Economic Blow: US job growth falters, unemployment rate increases to 3.9%
03, Nov, 23US job growth slowed by more than expected and the unemployment rate rose to an almost two-year high of 3.9%, indicating that employers’ strong demand for workers is beginning to cool.
China on brink of deflation again reveals still-weak rebound
14, Oct, 23The Chinese consumer prices unexpectedly slowed to the brink of deflation in the month of September as worries lingered about muted demand.
US unemployment dips to 3.5% as companies add 187,000 jobs in July
04, Aug, 23US job market resilient, unemployment rate dips to 3.5%, 187,000 jobs added in July. Fed raises interest rates.
China’s Recovery Loses Steam, Signaling Trouble for Global Economy
16, May, 23Country’s youth unemployment hits record high as new economic data falls short of expectations
After GDP data, Feb numbers show economy continues forward march
02, Mar, 24India's economy continues to cruise with 8.4% expansion in Q4. GST collection surged 12.5%. Auto firms saw highest monthly sales. Manufacturing activity hit a five-month high. Deloitte India highlights broad-based consumption increase. HSBC India Manufacturing PMI strengthens. Car sales reach all-time high. UPI transactions and coal production rise. Electricity consumption and railways freight show growth.