Rural Radio Network on Nostr: Stronger than expected job gains reinforce hope of ‘soft landing’ ========== U.S. ...
Stronger than expected job gains reinforce hope of ‘soft landing’
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U.S. job gains in February exceeded expectations, with the economy adding 275,000 jobs, surpassing economist expectations of 200,000 jobs. However, this marked a decline from the hiring of 350,000 workers in January. The unemployment rate rose to 3.9% in February from 3.7% in the previous month. The strong job market could allow the Federal Reserve to proceed with expected interest rate cuts in the coming months, signaling a 'soft landing' for the economy. The report aligns with the central bank's goal of returning inflation to normal levels while avoiding a recession. While job growth remains robust, the performance last month keeps the central bank on track for interest rate cuts this year. The Fed closely watches wage growth when considering rate cuts, and wages climbed 4.3% in February compared to a year ago. However, wage growth fell short of expectations, putting the central bank on track to achieve its goal of moderate inflation and continued economic expansion.
#JobGains #UnemploymentRate #FederalReserve #InterestRateCuts #Inflation #WageGrowth #EconomicExpansion
https://ruralradio.com/abc_news/stronger-than-expected-job-gains-reinforce-hope-of-soft-landing-abcidf026072a/
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U.S. job gains in February exceeded expectations, with the economy adding 275,000 jobs, surpassing economist expectations of 200,000 jobs. However, this marked a decline from the hiring of 350,000 workers in January. The unemployment rate rose to 3.9% in February from 3.7% in the previous month. The strong job market could allow the Federal Reserve to proceed with expected interest rate cuts in the coming months, signaling a 'soft landing' for the economy. The report aligns with the central bank's goal of returning inflation to normal levels while avoiding a recession. While job growth remains robust, the performance last month keeps the central bank on track for interest rate cuts this year. The Fed closely watches wage growth when considering rate cuts, and wages climbed 4.3% in February compared to a year ago. However, wage growth fell short of expectations, putting the central bank on track to achieve its goal of moderate inflation and continued economic expansion.
#JobGains #UnemploymentRate #FederalReserve #InterestRateCuts #Inflation #WageGrowth #EconomicExpansion
https://ruralradio.com/abc_news/stronger-than-expected-job-gains-reinforce-hope-of-soft-landing-abcidf026072a/