The Latest Breaking News from Jobs Report

The jobs report revealed stronger-than-expected payrolls growth and a drop in the unemployment rate.

Latest US jobs report beats forecasts, although February and March’s data has been revised down

The latest jobs report is in, and the good news is Federal Reserve policy on inflation appears to be working. The bad news is Fed policy on inflation appears to be working.

The jobs report showed the lowest level of hiring in more than two years.

The next jobs report is forecast to reveal a steep slowdown in payrolls growth.

June S&P 500 futures (ESM23) are trending down -0.08% this morning after three major U.S. benchmark indices ended the regular session mixed as weaker-than-estimated economic data fueled worries that the Federal Reserve’s rate-hike campaign could push the U.S. economy into a recession, while investor focus shifted to key Friday’s U.S.…

The hot U.S. labor market is showing few signs of cooling down, with the latest jobs report showing continued strong gains, particularly in service industries such as retail and hospitality. The robust employment landscape may put pressure on the Federal Reserve to raise rates more than expected later this month…

A month ago, the government dropped a bombshell jobs report that showed that America’s employers added a sizzling half-million-plus positions in January — twice the December gain and far more than economists had expected

Although inflation reduced significantly from its peak, it remains far off the Fed’s target. The sequential increase in inflation and hotter-than-expected jobs report last month could compel policymakers to raise interest rates higher than previously expected until it achieves its 2% inflation target. Since it may not be easy for…