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Wells Fargo's team of economists led by Jay Bryson wrote in a weekly note that strong job growth and upside inflation surprises to start the year led the Fed to "put its plans for rate cuts on ...
The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market.
Friday's jobs report also showed wage growth remained stronger than forecast in April, with wages rising 4.4% over the prior year, an acceleration from the gains seen in March.
A hotter-than-expected December jobs report sent the Dow Jones Industrial Average tumbling by more than 600 points (1.5%) on Friday morning as U.S. Treasury yields continued to rise and inflation ...
Friday's report also showed February's job growth was revised down — to a gain of 236,000 nonfarm payroll jobs from the 270,000 previously reported — while March's report was revised up to job ...
But trade deficit and inventory data obscured the more robust consumer figures. Stripping out the trade impact alone would have put the first-quarter report in line with forecasts, Wells Fargo said.
In the October report, the BLS estimated that 254,000 jobs were created in September, but that number could vary by as much as 130,000. The actual number of jobs added could be as high as nearly ...
Wells Fargo serves 69 million customers in 28 countries and operates in more than 5,500 locations. The San Francisco- based company employs about 27,000 jobs in Charlotte, its largest employment hub.