Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> > >

Weak U.S. hiring adds to global slowdown fears

Video Credit: Reuters Studio - Duration: 01:19s - Published < > Embed
Weak U.S. hiring adds to global slowdown fears

Weak U.S. hiring adds to global slowdown fears

The U.S. economy added a paltry 20,000 jobs in February, which bolstered market jitters of a global economic slowdown, but some on Wall Street looked at the data with skepticism due to the after-effects of the partial government shutdown.

Conway G.

Gittens reports.

0
shares
ShareTweetSavePostSend
 

Weak U.S. hiring adds to global slowdown fears

The effects of the 35-day partial government shutdown may finally have showed up in economic data.

The closely-watched monthly jobs report released Friday showed a sharp slowdown in hiring during the month of February.

The 20,000 jobs created last month was way below economists forecasts.

But some experts are not totally convinced all of the shortfall can be blamed on the after-effects of the shutdown.

There was a huge swing in the construction sector from job gains to losses.

Employment in that industry, which one wouldn't typically associate with government employment trends, fell by a whopping 31,000, the biggest plunge in roughly five years.

One other sector not related to the government: leisure and hospitality added no jobs as well.

But there were some promising signs in the data suggesting the U.S. economy is not about to fall off the cliff.

Paychecks continued to swell in February - marking the best annual wage growth in nine years.

And the unemployment rate dropped back down to 3.8 percent But investors already spooked by an economic slowdown in China and Europe focused on the negatives in this report as another sign the global economy may be headed for a rough patch.



Recent related news from verified sources

Global stocks erase week's gains after weak manufacturing surveys

Global shares erased this week's gains on Thursday after weak manufacturing surveys from Asia and...
Reuters India - Published Also reported by •Reuters


Poor PMIs wipe week's gains off global shares

Global shares erased this week's gains on Thursday after weak manufacturing surveys from Asia and...
Reuters - Published


You Might Like


Recent related videos from verified sources

Global economy: UK shoppers defy Brexit gloom, but trade blues hit Germany, Japan [Video]Global economy: UK shoppers defy Brexit gloom, but trade blues hit Germany, Japan

Weak manufacturing surveys from Asia and Europe stoked fears of a widespread slowdown in growth on Thursday. But, as David Pollard reports, Brexit appears to be doing little to dampen..

Credit: Rumble     Duration: 01:28Published

People Still Worrying About Recession [Video]People Still Worrying About Recession

LONDON (Reuters) - Global equity markets were flat on Wednesday, hoping central bank action in the world’s biggest economies could temper some of the slowdown in world growth, even though bond yields..

Credit: Rumble     Duration: 00:49Published

Wall Street Falls [Video]Wall Street Falls

According to Reuters, Wall Street’s main indexes fell on Monday, dragged down by declines in high-growth technology shares, as fears of a global slowdown roiled the market for the second straight..

Credit: Rumble     Duration: 00:50Published

U.S. Treasury Bill Curve Inverts [Video]U.S. Treasury Bill Curve Inverts

According to Reuters, The spread between three-month Treasury bills and 10-year note yields inverted for the first time since 2007 on Friday and stocks around the world fell after soft U.S. and..

Credit: Rumble     Duration: 00:49Published

Wall Street tumbles, yields fuel economic fears [Video]Wall Street tumbles, yields fuel economic fears

all Street stocks sold off sharply on Friday, with the benchmark S&amp;P 500 index falling nearly 2 percent as weak factory data from the United States and Europe led to an inversion of U.S...

Credit: Rumble     Duration: 01:12Published

Wall Street Expecting Bad Start [Video]Wall Street Expecting Bad Start

(Reuters) - Wall Street’s main indexes were set to open lower on Friday after downbeat German data exacerbated fears of a slowdown in global growth following an abrupt dovish turn by the Federal..

Credit: Rumble     Duration: 00:38Published

Markets Turbulent After Grim German Manufacturing Data Emerges [Video]Markets Turbulent After Grim German Manufacturing Data Emerges

German 10-year bond yields plunged below zero while European shares and the euro fell on Friday as well. German manufacturing contracted for a third straight month in March, compounding worries that..

Credit: Rumble     Duration: 00:35Published

Why Jim Cramer Doesn't Think That FedEx Is an Economic Bellwether [Video]Why Jim Cramer Doesn't Think That FedEx Is an Economic Bellwether

FedEx cut its fiscal 2019 profit forecast for the second time in three months after posting weaker-than-expected fiscal third-quarter earnings. FedEx said it expects earnings for fiscal 2019, which..

Credit: The Street     Duration: 01:34Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.