Page 79 - Mark Hamrick News Today

World stocks fell and bond yields edged up on Friday as investors digested hawkish remarks by Federal Reserve Chair Jerome Powell that faster rate hikes were needed to tame surging inflation.

Initial unemployment claims fall 18% in NC

Applications for jobless claims edged down in the week ending April 9 to its lowest level since 1970 according to the U.S. Department of Labor.

A new Moody’s Analytics analysis has revealed the direct impact on Americans’ pocketbooks due to fast-rising inflation.

Unemployment claims last week fell near an all-time low set in November 1968. Job openings and quit rates are near record highs. But headwinds loom.

The Federal Reserve is expected to raise interest rates several times throughout 2022 in an attempt to head off inflation, but it may not work.

Owing to the steep drop in the first three months of the year, analysts outlook for the next 12 months is now higher.

The unemployment rate fell to 3.6 percent.

The U.S. economy added 431,000 new jobs in March, falling short of the market estimate of 490,000, according to new BLS data.

The International Energy Agency said member countries had agreed to a release to ease global oil markets that have been rocked by Russia’s war in Ukraine.