The job market was just a touch cool in February, because a new job creation succeeded at 151,000, below expectations and that unemployment increased unexpectedly to 4.1%.
Employment growth forecasts were 159,000 and unemployment should be at the same rate as the 4% of January. Unemployment is between 4% and 4.2% since May.
Economic data and unemployment are useful for the federal reserve in order to determine what to do then with interest rates. The Federal Open Market Committee will meet later this month, following its last decision to hold stable rates in January. Since then, two job reports and other data versions, such as reports on consumer confidence and prices, have given an overview of the performance of the economy.
“The conditions of the labor market have cooled by their former state overheated and remain solid,” said Fed president Jerome Powell, in the half -yearly testimony before the Senate Banks, Housing and Urban Affairs Committee in February.
Based on the expectations of traders, CME Fedwatch showed a 91% Lucky that the Fed decides at its meeting on March 18 and 19 to make another interest rate.
While economists have described the labor market as very recently and said that the United States had not participated in a recession, the Americans are worried about the economy.
“Although the measures of the head labor market remain strong, economic anxiety is increasing by workers, because uncertainty about inflation and employment safety abound,” said Daniel Zhao, principal economist in Glassdoor, in Business Insider before the publication of the new report on jobs. “The trajectory of the labor market remains very uncertain for the rest of 2025, which leaves workers uncomfortable and the table of the global disturbance economy.”
Uncertainty around a potential trade war, including reprisal rates, could also affect the American economy. President Donald Trump imposed new prices in Mexico, Canada and China earlier this week, although many of them were delayed until April 2 from Thursday afternoon. The threat of prices could affect business planning and the demand for workers.
“Shape price increases could cause commercial decisions to be adjusted with hiring and salaries, as business leaders are sailing on contribution costs and higher reprisal measures,” said Lydia Boussour, main economist at EY.
It is a story in development. Please check the updates.
businessinsider
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