The US job market probably added 160,000 jobs final month, sustaining regular progress regardless of financial uncertainties.
Hiring in leisure and hospitality is anticipated to get better after setbacks from January’s wildfires. Whereas the job market has cooled from its 2021 peak, it stays resilient regardless of excessive rates of interest.
The Federal Reserve lower charges thrice in 2024 however paused additional cuts as inflation progress stalled.
Wage progress probably slowed in February, although not sufficient to set off a direct Fed price lower. Commerce tensions and potential tariffs might weigh on hiring, wages, and shopper spending within the coming months.
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