financetom
Economy
financetom
/
Economy
/
Daily Roundup of Key US Economic Data for March 22
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Daily Roundup of Key US Economic Data for March 22
Mar 22, 2024 11:42 AM

02:22 PM EDT, 03/22/2024 (MT Newswires) -- State-level data from the Bureau of Labor Statistics showed the unemployment rate rose in three states in February, fell in three states and held steady elsewhere.

The gains were in Rhode Island, Connecticut, and Washington, while there were declines in Tennessee, Wisconsin, and Massachusetts. North Dakota had the lowest jobless rate in February, while California had the highest.

The national unemployment rate rose to 3.9% in February from 3.7% in January.

Payrolls rose in four states, with Texas and Illinois posting the largest increases.

Nationwide nonfarm payrolls rose by 275,000 in February after a revised 229,000 gain in January.

The St. Louis Fed's GDP nowcast estimate for Q1 was revised up to 1.33% from the 1.21% estimate a week earlier.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
May Consumer Inflation Cools While Bets Climb for September Federal Reserve Rate Cut
May Consumer Inflation Cools While Bets Climb for September Federal Reserve Rate Cut
Jun 12, 2024
12:30 PM EDT, 06/12/2024 (MT Newswires) -- US consumer inflation unexpectedly stalled in May on a sequential basis while dipping more than forecast at the annual level, government data showed Wednesday, just before the Federal Reserve's monetary policy committee was set to adjourn its June meeting. The consumer price index was flat last month, easing from a 0.3% increase in...
Fed likely to hold rates steady, project fewer cuts in 2024
Fed likely to hold rates steady, project fewer cuts in 2024
Jun 12, 2024
WASHINGTON (Reuters) - The Federal Reserve is expected to leave interest rates unchanged on Wednesday, with new economic projections from the U.S. central bank's policymakers likely to show fewer rate cuts this year than previously anticipated. Fed officials received some welcome news on inflation as they continued their two days of deliberations when the Bureau of Labor Statistics reported that...
EXCLUSIVE: Federal Reserve To Hold Interest Rates Steady Wednesday? Here's How Investors Are Bracing For The Results
EXCLUSIVE: Federal Reserve To Hold Interest Rates Steady Wednesday? Here's How Investors Are Bracing For The Results
Jun 12, 2024
Benzinga polled its readers to see what they thought ahead of the June Federal Open Market Committee (FOMC) on Wednesday. How do you expect this decision to impact the stock market in the short term? Benzinga asked. Only 31% of respondents believed Wednesday's FOMC decision would have a positive impact on the stock market. Twenty-five percent believe the FOMC result...
How May's Inflation Slowdown Could Influence Fed's Next Move: Insights From 6 Economists
How May's Inflation Slowdown Could Influence Fed's Next Move: Insights From 6 Economists
Jun 12, 2024
May’s inflation report was cooler than economists had predicted, boosting confidence in the Federal Reserve’s ability to steer the annual price index variation back toward its 2% target. The headline inflation rate decelerated to 3.3% year-over-year in May 2024, down from the previous and forecasted 3.4%. The flat monthly reading of the overall Consumer Price Index (CPI) basket is particularly...
Copyright 2023-2025 - www.financetom.com All Rights Reserved