Weak jobs data underscores Fed’s dilemma as war stokes inflation risk
The Straits Times
New jobs data puts the Federal Reserve in a tough position as war stokes inflation risk. Read the full analysis. Read more at straitstimes.com.
New data on March 6 showing a sharp decline in monthly jobs growth has put the Federal Reserve in a tough position as it simultaneously grapples with heightened concerns about inflation amid the widening Middle East conflict.
February’s jobs report showed employers shedding 92,000 positions for the month as the unemployment rate ticked slightly higher to 4.4 per cent. In another warning sign, December and January jobs growth was revised down by 69,000.
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