The American job market is on an historic roll. The even better news is that it's still got a lot of room for improvement. The February Jobs report, released Friday morning, was another good one. The U.S. added 295,000 jobs last month (economists predicted 240,00 new jobs). The unemployment rate dropped from 5.7 percent to 5.5 percent, the lowest it has been since May 2008. And yet there is a significant amount of what economists call "slack" -- people who can be put to better work in the economy without inflation becoming an issue.
BING NEWS:
- The pendulum always swings
When freight demand is high and truck capacity is in short supply, pricing goes up. When it is the other way, pricing goes down. It’s like a pendulum swinging back and forth as the market adjusts. The ...
05/6/2024 - 3:26 am | View Link - Being a workaholic does not help your career
For many people, work offers a sense of purpose, which is a good perspective until one starts attaching it to their self-worth ...
05/6/2024 - 2:00 am | View Link - I’m a Financial Advisor: These Are the 6 Biggest Money Mistakes People Make in Their 50s
Financial planning is important at all stages of your adult life, but it’s doubly so once you reach your 50s. It’s around this point where many people start thinking more seriously about retirement.
05/6/2024 - 1:00 am | View Link - WTI advances to $79 on geopolitical risks and soft US Dollar
The weak US job market fuels expectations for the Fed to reduce interest rates from September.
05/6/2024 - 12:42 am | View Link - US Economy News Today: Mortgage Rates Climb During Spring Busy Season
Today, we got a broad picture of the labor market ahead of tomorrow's employment report and mortgage rates rose.
05/2/2024 - 7:17 am | View Link - More
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