US jobs market defies expectations of January slowdown france24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from france24.com Daily Mail and Mail on Sunday newspapers.
The U.S. economy likely grew at its slowest pace in 1-1/2 years in the fourth quarter as businesses throttled back on inventory investment and consumer spending cooled a bit, but the pace was probably enough to have kept a recession at bay in 2023. The Commerce Department's advance fourth-quarter gross domestic product report on Thursday, which is also expected to show inflation moderating last quarter, will reinforce expectations that the Federal Reserve will start cutting interest rates some time in the first half of this year. "We are expecting growth to come in right in the sweet spot for the Fed," said Scott Anderson, chief U.S. economist at BMO Capital Markets in San Francisco.
U.S. job growth likely
picked up in November as thousands of automobile workers and
actors returned after strikes, but the underlying trend will
probably point to a cooling labor market. .
WRAPUP 1-Strong US job growth seen in November as strikes end; trend slowing devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
Strong US job growth seen in November | Inquirer Business inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.