January’s U.S. jobs report is so stunningly good that it looks bad for investors hoping for an interest rate pause.
Nonfarm payrolls were expected to increase by 187,000 in January, according to Dow Jones estimates.
Leisure and hospitality saw an increase of 128,000 jobs in the month, led by 99,000 jobs in restaurants and bars alone.
Unfortunately, it comes down to the lesser of two evils in order to preserve the buying power of money.
Growth in mainframe sales helped IBM avoid slipping back into a pattern of declining revenue. The company faces a high bar for free cash flow in 2023 and 2024.
As economic uncertainty continues, Gen Zers, millennials and even retirees are flocking to these types of side hustles to earn extra cash.
Crypto exchange Binance plans to increase the number of staff by between 15% and 30%, CEO Changpeng Zhao said.
Service sectors drove job growth, even as information and professional services shrank.
December’s strong job growth combined with slowing wage inflation is fueling optimism that the economy might just see a soft landing.
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