The revision draws fresh attention to the weakening U.S. labor market, which averaged only 29,000 jobs for the three most recent months. Original Image Link Source:www.msn.com
The latest jobs report showed that the US economy likely added 178,000 jobs in March, nearly triple expectations. The unemployment rate dipped to 4.3%. Forecasts had it holding steady at 4.4% or even ... Original Image Link Source:www.cnn.com
That classic K-shaped divide — usually used to describe the US consumer — showed up again Friday after the April jobs report. But this time, the divergence is inside tech itself: Wall Street is paying record premiums for the sector’s stocks while its workforce keeps losing ground. Original Image Link Source:finance.yahoo.com
Follow MarketWatch's live coverage of the U.S. jobs report for April, and its impact on markets and the economy. Original Image Link Source:www.marketwatch.com
At the April meeting of the Fed's interest rate-setting committee, the Fed didn't change its target interest rate. It did, however, include language that indicated a bias toward easing (cutting interest rates) in the near future. Original Image Link Source:www.fool.com
Positive April job growth and a steady unemployment rate could shift the Fed's focus back to fighting inflation, even as labor market risks persist. Original Image Link Source:www.msn.com