US economy adds 275,000 jobs in February, unemployment rate ticks higher
Bahnsen Group CIO David Bahnsen previews Federal Reserve Chairman Jay Powell’s Congressional testimony and shares his predictions for the upcoming jobs report. U.S. employers added 275,000 jobs in February, higher than economists expected of 200,000 and the average monthly increase of 255,000 recorded in 2023, the Labor Department said Friday. did. The unemployment rate rose […]
Job Gains Surge For Another Month As Unemployment Ticks Up
US adds 275,000 people Nonfarm payrolls decreased in February as the unemployment rate rose to 3.9%, according to Bureau of Labor Statistics (BLS) data released Friday. Economists predicted the country’s employment would rise by 200,000 in February, compared with 353,000 in January, and the unemployment rate would remain at 3.7%. according to to Reuters. The […]
Al Sharpton urges Eric Adams to address high black unemployment
Civil rights activist Reverend Al Sharpton calls on Mayor Eric Adams to address high unemployment rates among black New Yorkers and eliminate controversial corporate diversity, equity and inclusion programs. He called for a “summit” to be held at City Hall to combat the movement. “This is a moral issue,” Sharpton said Thursday, noting that the […]
Georgia teacher fired for exposing 10-year-olds to gender ideology sues district after months of unemployment
A Georgia teacher who lost her tenure and was fired for reading a book containing gender-ideological messages to 10-year-olds is suing her former employer with the help of her local teachers’ union. Katherine “Katie” Linderle was a teacher at Due West Elementary School in the Cobb County School District for more than a decade before […]
Australian Dollar rises despite a stable US Dollar, Aussie Unemployment Rate awaited – FXStreet
share: The Australian dollar stalled as the US dollar strengthened on strong US consumer price index (CPI) numbers. Australia’s ASX 200 index fell. Put pressure on the Australian dollar. The US dollar strengthened as US bond yields rose. Robust US CPI data dashed any chance the Fed would cut interest rates in March. […]
Billionaire bond king questions unemployment data: ‘Hard to believe’
Jeffrey Gundlach, CEO of DoubleLine Capital, provides his market outlook for 2024 and discusses the Fed's fight against inflation on “How to Make Money.” As the list of big corporate job cuts looks set to grow in 2024, a billionaire bond fund manager is questioning some of the data. Jeffrey Gundlach, CEO of DoubleLine Capital, […]