I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at Rich Miller’s reporting on migration and job growth. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. How come … Read more
America’s employers delivered another healthy month of hiring in February, adding a surprising 275,000 jobs and again showcasing the U.S. economy’s resilience in the face of high interest rates. What You Need To Know America’s employers delivered another healthy month of hiring in February, adding a surprising 275,000 jobs and again showcasing the U.S. economy’s … Read more
Wage growth also showed strength, as average hourly earnings increased 0.6%, double the monthly estimate. On a year-over-year basis, wages jumped 4.5%, well above the 4.1% forecast. The wage gains came amid a decline in average hours worked, down to 34.1, or 0.2 hour lower for the month. Job growth was widespread on the month, … Read more
Economists did not believe it was possible, but they’ve been wrong a lot lately, and in their defense it has only ever happened once (or maybe twice) before: We may be witnessing that rare achievement known as a soft landing. The US Federal Reserve’s latest forecast expects the inflation rate to slide back down to … Read more
There’s a lot of optionality left, both in the economy and in the interest rate outlook. The US economy is slowing, but by how much, we still don’t know. That means we have a period of volatility still in front of us for asset markets. Still, the risk-reward for US government bonds and mortgages looks … Read more
With mixed signals from the US economy, the Federal Reserve is in wait-and-see mode. But America’s billionaires are decidedly more panicked. Do they know something the rest of us don’t? How to prepare for the coming recession | Smart Investing The latest billionaire to sound a warning is Duquesne Family Office founder Stanley Druckenmiller, who … Read more
JPMorgan’s Marko Kolanovic is bracing for a 20% sell-off to hit the S&P 500. According to the Institutional Investor hall-of-famer, high interest rates are creating a breaking point for stocks — and choosing cash at a 5.5% return in money market and short-term Treasurys is a key protection strategy right now. “I’m not sure how … Read more
Ground Reports by Sharan Setty – Sep 16, 2023, 12:16 PM MP Mukhyamantri Seekho Kamao Yojana will provide Rs 8,000-Rs 10,000 incentive to youth based on their skills. Snapshot Through the Seekho Kamao Yojana, the Madhya Pradesh government aims to empower youth with skill development and on-the-job training. The youth of the state are enthusiastically … Read more
Standing in the White House Rose Garden just ahead of Labor Day weekend, President Joe Biden touted the economy under his leadership as the August jobs report released Friday showed 187,000 jobs added over the month. “Take a step back and take note of the fact that America is now in one of the strongest … Read more
China intensified efforts to stimulate the economy and support its currency, as investor concerns over the growth outlook persist. The central bank will trim the amount of foreign currency deposits banks are required to hold as reserves for the first time this year, the People’s Bank of China said Friday. The move came hours after … Read more