US Job Creation Beats Expectations While Jobless Rate Still Above 6% orlandoecho.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orlandoecho.com Daily Mail and Mail on Sunday newspapers.
The economy added 379,000 jobs in February and unemployment ticked down to 6.2%, the Bureau of Labor Statistics reported Friday, as the pandemic receded and commerce revived faster than projected.
One year into the pandemic, America is still down nearly 10 million jobs abc17news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abc17news.com Daily Mail and Mail on Sunday newspapers.
Dow Futures and Nasdaq Higher As Bond Yields Rise In Powell s Wake TheStreet 3/5/2021
The Friday Market Minute
Global stocks extend declines ahead of the Friday jobs report as markets re-price bond yields in the wake of Fed Chair Powell s dovish take on inflation.
Powell tells a WSJ jobs event that inflation pressures are likely temporary, noting the economy remains a long way from the Fed s goals on employment and price stability.
Benchmark 10-year notes edge higher, to 1.582%, in overnight trading while the dollar jumps to the highest levels in more than three months.
Senate clerks finish 11-hour reading of 628-page coronavirus stimulus bill, with amendments and tweaks expected to delay a full vote into the weekend.
Wall Street and a gauge of global equity markets rose on Friday as investors cheered signs of economic strength in a report that showed faster-than-expected U.S. jobs growth, data that initially stoked inflation concerns.