Support our online development, and advance our onground research initiatives in free market economics, as we seek to showcase the brightest Next-Gen minds.
THE ME-P DISCLAIMER: Posts, comments and opinions do not necessarily represent iMBA, Inc., but become our property after submission. Copyright © 2006 to-date. iMBA, Inc allows colleges, universities, medical and financial professionals and related clinics, hospitals and non-profit healthcare organizations to distribute our proprietary essays, photos, videos, audios and other documents; etc. However, please review copyright and usage information for each individual asset before submission to us, and/or placement on your publication or web site. Attestation references, citations and/or back-links are required. All other assets are property of the individual copyright holder.
U.S. Department of Labor
By Staff Reporters
It is Easter Weekend Saturday which was a stock market holiday weekend but not a federal holiday. That results in a highly unusual scenario when the government released the pivotal jobs report yesterday. Good Friday, the stock market didn’t open to react to it. Investors will have to spend three days before placing their wagers on Monday.
CITE: https://www.r2library.com/Resource
***
Nevertheless, the Bureau of Labor Statistics’ (BLS) report yesterday [Friday] was on par with what economists had expected from the jobs market as the Fed hiked interest rates. March saw about 75,000 fewer jobs added to the economy compared with February, which was already a drop compared with the 504,000 jobs that were added in January. The unemployment rate dropped 0.1% to 3.5%. Fewer jobs were added to leisure and hospitality and healthcare than in previous months, though the industries are still trending up in job availability. Government and professional and business services continued to grow at similar paces as previous months. Ahead of the government’s job survey other reports gave hints that the labor market, while still growing, is cooling from highs seen over the last two years. BLS’ Job Openings and Labor Turnover Survey last week showed that employers are starting to slow the pace of hiring. There were less than 10 million active job openings by the end of February for the first time in nearly two years.
Friday’s jobs report provided data that will heavily influence the Fed’s decision to either halt or continue interest rate hikes at its next board meeting in early May.
***
***
COMMENTS APPRECIATED
Thank You
***
Share this:
Filed under: "Ask-an-Advisor", Alerts Sign-Up, Alternative Investments, Career Development, Investing | Tagged: BLS, Bureau of Labor Statistics, Easter Saturday, Easter Weekend, Good Friday, Labor Turnover |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
Leave a Reply