🧵 1. US labor market cooling: Unemployment rate hits two-year high at 3.9%, despite job growth in February. Wages rising moderately, but underlying softening in labor market conditions. #finance
🧵 1. US labor market cooling: Unemployment rate hits two-year high at 3.9%, despite job growth in February. Wages rising moderately, but underlying softening in labor market conditions. #finance
🧵 2. Mixed employment report boosts odds of Fed cutting interest rates by June. Nonfarm payrolls up by 275,000 in Feb, but household employment declined. Economists anticipate revisions in March.
🧵 3. High-profile layoffs raising concerns amid strong payrolls. Divide between establishment nonfarm payroll data and household survey of employment prompts reassessment of labor market health.
🧵 Read more at: https://www.investing.com/news/economy/slower-but-strong-us-job-growth-expected-in-february-3330065