US Jobless Claims Fall to Lowest Level Since January
US initial jobless claims fell by 8,000 to 205,000 in the week ending March 14. That is the lowest level since January. Michael McKee reports.
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Meta Could Cut 20% of Jobs, Reuters Says
Meta Platforms Inc. is planning layoffs that could affect 20% or more of the company according to Reuters. That would work out to about 15,000 jobs. Kurt Wagner reports.
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Fed's Hammack Sees Two-Sided Risks to Interest Rates
Federal Reserve Bank of Cleveland President Beth Hammack said interest rates could be on hold for quite some time as inflation comes down and the labor market stabilizes further. She says the economy is in a reasonably good place. She speaks to Bloomberg's Michael McKee in New York.
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Hassett Calls the Feb. Jobs Report Loss an 'Outlier'
White House National Economic Council Director Kevin Hassett says the February jobs report is an "outlier." He says bad weather impacted the numbers. Nonfarm payrolls fell by 92,000.
US Unexpectedly Loses 92,000 Jobs in February
Nonfarm payrolls dropped by 92,000, analysts expected a gain of 55,000. The unemployment rate climbed to 4.4%. Bloomberg's Michael McKee reports.