April Reversing
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Live Updates: U.S. Job Growth Slows
The economy added 175,000 jobs in April, a slowdown in hiring. The unemployment rate ticked up to 3.9 percent.The New York Times - Business -
Turkey's inflation accelerates to nearly 70% in April
Turkey's inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday.CNBC - Business - Turkey -
What to watch today in the April jobs report.
Economists expect another strong month for job creation, even as other indicators of labor demand weaken.The New York Times - Top stories -
Mortgage-bond funds haul in billions in April
Investors are piling into mortgage bonds as the Federal Reserve looks to exitMarketWatch - Business -
Wall Street surges after economy adds just 175,000 jobs in April, fueling hopes of rate cuts
The latest snapshot on US employment was a shocker: The economy added 175,000 jobs, far below expectations for 235,000 and a reversal of the trend for robust monthly gains.CNN - Top stories -
U.S. Hiring Slowed to 175,000 Jobs in April
The slowdown marked a break from a string of data showing surprising strength in the labor market. Job gains were below the 240,000 expected by economists, while wages also rose less than anticipated.The Wall Street Journal - World -
ISM service-sector gauge weakens sharply in April
The Institute for Supply Management said on Tuesday that its service-sector PMI dropped sharply to 49.4% in April from 51.4% in the prior month.MarketWatch - Business