The Federal Reserve is raising U.S. interest rates again soon no matter whether the March jobs report is good or bad. But Wall Street expects another big...
The Federal Reserve is raising U.S. interest rates again soon no matter whether the March jobs report is good or bad, but Wall Street expects another big increase in hiring.Lots of hiring The U.S. likely created 490,000 new jobs in March, according to a poll of economists... The Federal Reserve is raising U.S. interest rates again soon no matter whether the March jobs report is good or bad, but Wall Street expects another big increase in hiring.Lots of hiring The U.S.
At the current rate of hiring, employment in the U.S. is on track to exceed pre-pandemic levels by early summer.Unemployment rate The U.S. unemployment rate has fallen sharply in the past year and a half to 3.8%.The jobless rate is closing in on the pre-crisis low. Shortly before the pandemic erupted in March 2020, unemployment had sunk to a 50-year bottom of 3.5%.
Economists contend more people will return to the jobs market if the number of coronavirus cases stay low and life returns closer to normal.
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