US job growth is likely to pick up in March, as war casts a shadow over the labor market

US job growth is likely to pick up in March, as war casts a shadow over the labor market

Nonfarm payrolls are forecast to increase 60,000 in March Economists say it will take time for the oil price hike to affect the labor market The unemployment rate is expected to remain steady at 4.4% WASHINGTON, April 3 (Reuters) – U.S. job growth may have picked up in March as a health workers’ strike ended … Read more

The US labor market remains stable; trade deficit increases in February

Trade balance

Weekly jobless claims fall 9,000 to 202,000 Continuing claims add 25,000 to 1.841 million The trade deficit widened by 4.9% to $57.3 billion in February WASHINGTON, April 2 (Reuters) – New claims for U.S. jobless benefits fell sharply last week to a record low, suggesting labor market conditions remained calm in March, even as economists … Read more

US retail sales strong in February; an increase in the price of petrol will affect spending

Column chart titled 'Monthly change in US retail sales'

Retail sales increased by 0.6% in February Basic sales earn 0.5%; a large tax refund guarantees spending Production increases in March, but the supply chain continues to deteriorate WASHINGTON, April 1 (Reuters) – U.S. retail prices rose by the most in seven months in February as car prices rose and temperatures soared, but rising gasoline … Read more

US consumer confidence is rising, but job opportunities and hiring are falling sharply

US consumer confidence is rising, but job opportunities and hiring are falling sharply

Job opportunities fell by 358,000 in February, led by a decline in small and medium-sized businesses. Layoffs and layoffs increased to 1.721 million, and the rate increased to 1.1%. The Conference Board review shows few plans to buy big-ticket items despite some optimism WASHINGTON, March 31 (Reuters) – U.S. consumer confidence rose unexpectedly in March, … Read more