Instant Reaction: US Payrolls Marked Down a Record 911,000 in Preliminary Estimate

Instant Reaction: US Payrolls Marked Down a Record 911,000 in Preliminary Estimate

US job growth was far less robust in the year through March than previously reported, adding to mounting pressure on the Federal Reserve to lower interest rates.
The number of workers on payrolls will likely be revised down by a record 911,000, or 0.6%, according to the government’s preliminary benchmark revision out Tuesday. The final figures are due early next year.
Before the report, the government’s payrolls data indicated employers added nearly 1.8 million total jobs in the year through March on a non-seasonally adjusted basis, or an average of 149,000 per month. The revision showed average monthly job growth was roughly half that.

For instant reaction and analysis, Bloomberg's Tom Keene and Scarlet Fu spoke with:

  • Ira Jersey, Bloomberg Intelligence Chief US Interest Rate Strategist
  • Michael McKee, Bloomberg International Economics and Policy Correspondent
  • Stephanie Roth, Wolfe Research chief Economist

See omnystudio.com/listener for privacy information.

Jaksot(1589)

House To Vote on Shutdown Deal; Gold Plunge Deepens as Traders Unwind Bets

House To Vote on Shutdown Deal; Gold Plunge Deepens as Traders Unwind Bets

Today's top stories, with context, in just 15 minutes.On today's podcast:1) The US government stumbled into a partial shutdown Saturday while waiting for the House to approve a funding deal President ...

2 Helmi 15min

Daybreak Weekend: US Jobs, Winter Olympics, Japan Election

Daybreak Weekend: US Jobs, Winter Olympics, Japan Election

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the January jobs report and U.S tech earnings. I...

30 Tammi 37min

Instant Reaction: Trump Nominates Warsh for Fed Chair

Instant Reaction: Trump Nominates Warsh for Fed Chair

Breaking news from the White House. President Donald Trump said he intends to nominate Kevin Warsh to be the next chair of the Federal Reserve, according to a post on his Truth Social platform. “I...

30 Tammi 9min

Trump Administration Prepares for Warsh Fed Chair Nod; Government Shutdown Averted

Trump Administration Prepares for Warsh Fed Chair Nod; Government Shutdown Averted

Today's top stories, with context, in just 15 minutes.On today's podcast:1) The Trump administration is preparing for the president to nominate Kevin Warsh to be the next Federal Reserve chair, accord...

30 Tammi 25min

Tech Firms Unleash AI Spending Spree; Fed Holds Rates Steady

Tech Firms Unleash AI Spending Spree; Fed Holds Rates Steady

Today's top stories, with context, in just 15 minutes.On today's podcast:1) The world’s largest tech firms show no signs of easing up on AI spending, a record wave that’s propelling hardware providers...

29 Tammi 15min

Trump Seeks Minnesota De-Escalation; Fed Officials Near ‘Kumbaya’ Moment on Rates

Trump Seeks Minnesota De-Escalation; Fed Officials Near ‘Kumbaya’ Moment on Rates

On today's podcast:1) President Trump said he was looking to “de-escalate” in Minnesota with a reshuffle of the leadership running his deportation effort in the state following widespread outcry over ...

28 Tammi 16min

Minnesota Backlash Spurs Policy Shift; Trump Vows to Raise Tariffs to 25% on South Korean Goods

Minnesota Backlash Spurs Policy Shift; Trump Vows to Raise Tariffs to 25% on South Korean Goods

On today's podcast:1) President Trump indicated he’ll make changes to his administration’s deportation crackdown in Minnesota after the killing of two US citizens during immigration raids sparked nati...

27 Tammi 14min

Winter Storm Pummels East Coast; Dems Threaten Shutdown After Latest Minneapolis Killing

Winter Storm Pummels East Coast; Dems Threaten Shutdown After Latest Minneapolis Killing

On today's podcast:1) US power grids are expected to grapple with unprecedented seasonal demand and the threat of blackouts after a damaging winter storm coated parts of the South and Mid-Atlantic in ...

26 Tammi 21min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
psykopodiaa-podcast
rss-rahapodi
mimmit-sijoittaa
rss-lahtijat
rahapuhetta
rss-porssipuhetta
rss-neuvottelija-sami-miettinen
rss-rahamania
rss-paasipodi
rss-porssipodi
ostan-asuntoja-podcast
oppimisen-psykologia
rss-strategian-seurassa
rss-h-asselmoilanen
rss-bisnesta-bebeja
rss-merja-mahkan-rahat
rss-inderes
rss-40-ajatusta-aanesta
rss-draivi