iab-job market

Retail spending fell in March as consumers pull back | CNN Business

by
Retail spending fell in March as consumers pull back | CNN Business

Washington, DC CNN  —  Spending at US retailers fell in March as consumers pulled back after the banking crisis fueled recession fears. Retail sales, which are adjusted for seasonality but not for inflation, fell by 1% in March from the prior month, the Commerce Department reported on Friday. That was steeper than an expected 0.4% … Read more

The US economy added 311,000 jobs in February, outpacing expectations | CNN Business

by
The US economy added 311,000 jobs in February, outpacing expectations | CNN Business

Minneapolis CNN  —  The US economy added 311,000 jobs in February, according to the latest monthly employment snapshot from the Bureau of Labor Statistics released Friday. That’s a pullback from the blockbuster January jobs report, when a revised 504,000 positions were added, but shows the labor market is still emitting plenty of heat. The unemployment … Read more