US stocks wobbled on Friday, after a jobs report seen as pivotal to expectations for interest-rate cuts showed much stronger hiring growth than expected. The S&P 500 (^GSPC) rose 0.2%, while the Dow Jones Industrial Average (^DJI) gained 0.3%, coming off a lackluster session Thursday for the three major gauges. The tech-heavy Nasdaq Composite (^IXIC)
The US labor market added more jobs than expected in May defying previous signs of a slowdown in the economy. Data from the Bureau of Labor Statistics released Friday showed the labor market added 272,000 nonfarm payroll jobs in May, significantly more additions than the 180,000 expected by economists. Meanwhile, the unemployment rate rose to
The US economy added more jobs than expected in March while the unemployment rate ticked lower, furthering signs the labor market remains on stronger footing than many predicted.. Data from the Bureau of Labor Statistics released Friday showed the labor market added 303,000 nonfarm payroll jobs in March, significantly more additions than the 214,000 expected
“Inflation remained relatively moderate,” he said. “Visitor arrivals exceeded 11 million, providing certain support to the local retail, food and beverage, and transport industries.” The latest figures showed the number of visitors in the first three months of 2024 was more than double the number logged for the same period last year. The Tourism Board
The Federal Reserve on Wednesday held interest rates steady and made no changes to its forecast that it will be necessary to cut rates three times in 2024. The central bank’s benchmark interest rate remained in a range of 5.25%-5.50% at the conclusion of its latest policy meeting on Wednesday, the highest since 2001. While