Page 6 - Us Economy

US economy generated 160K jobs in Feb, but Trump's trade wars cloud outlook

The US labour market likely kept on churning out jobs last month, economists say, but the outlook is cloudy and getting cloudier as the Trump administration wages trade wars, purges federal employees and seeks to deport millions of immigrants. When the Labour Department releases February jobs numbers Friday, they're expected to show that employers added 160,000 jobs. That's far from spectacular but it's solid, and it's up from 143,000 in January. The unemployment rate is forecast to stay at a low 4%, according to economists surveyed by the data firm FactSet. Despite rising concerns about the health of the economy, momentum remains positive,' Lydia Boussour, senior economist at the tax and consulting firm EY, wrote in a commentary. Billionaire Elon Musk's purge of federal workers is not expected to have much impact on the February jobs numbers. The Labour Department conducted its survey of employers too early in the month for the Department of Government Efficiency layoffs to show ..

Donald Trump's latest trade-war salvo to likely put the brakes on US growth

There's also Elon Musk's cuts to the federal workforce, the clampdown on immigration, and a potential drag on business investment amid so much policy uncertainty

Americans want Trump to do more for economy, inflation, say polls

While about 80 per cent of adults surveyed said Trump should home in on the economy and inflation, they said they believed his top priorities were the US-Mexico border

US economy expanded at 2.3% from Oct to Dec on robust consumer spending

The American economy grew at a solid 2.3 per cent annual rate the last three months of 2024, supported by a burst of year-end consumer spending, the government said, leaving unchanged its initial estimate of fourth-quarter growth. The outlook for 2025 is cloudier as President Donald Trump pursues trade wars, cutbacks in the federal workforce and mass deportations. The Commerce Department reported Thursday that growth in gross domestic product the nation's output of goods and services decelerated from a 3.1 per cent pace in July-September 2024. For all of last year, the economy grew 2.8 per cent, compared with 2.9 per cent in 2023. Consumer spending advanced at a 4.2 per cent pace from October through December. The report shows that Trump inherited a healthy economy when he took office last month. Growth has now topped a decent 2 per cent for nine of the last 10 quarters. Unemployment is low at 4 per cent, and inflation has come down from the highs it hit in mid-2022. After lowe

Trump's approval rating tops Biden; support for immigration policy grows

The poll also revealed that 38% of those surveyed held a favourable opinion of tech billionaire Elon Musk, who has been actively involved in Donald Trump's government restructuring efforts

Regulator has been urging caution on NBFC pricing: Aadhar HF MD & CEO

The adjustments in the US economy suggest we may see stability over time, says Rishi Anand

US producer inflation trends higher; labour market remains stable

December rise in the PPI revised up to 0.5% from 0.2%

US consumer prices index jumps 0.5% in Jan after 0.4% gain in Dec

The consumer price index jumped 0.5 per cent last month after gaining 0.4 per cent in December

Tackling debt: Trump 2.0 actions, inactions to revive the US economy

Trump told reporters that the effort to slash spending could cut $1 trillion from the federal budget, which totaled $6.75 trillion in the most recent fiscal year

USDA freezes farmer funding for some programmes, conservation contracts

The impact has been immediate and wide-ranging, from cash assistance for ranchers to fix cattle watering systems to help for corn growers wanting to plant cover crops that curb wind erosion

US job growth slows more than expected in Jan, unemployment rate at 4.0%

Nonfarm payrolls increased by 143,000 jobs last month after rising by an upwardly revised 307,000 in December, the Labor Department's Bureau of Labor Statistics said

US jobless claims rise to 219,000, but layoffs remain relatively low

More Americans filed unemployment claims last week, but the labour market remains healthy and there are still relatively few layoffs. US applications for jobless benefits rose by 11,000 to 219,000 for the week ending February 1, the Labour Department said Thursday. Analysts were projecting only 213,000 new applications. Weekly applications for jobless benefits are considered representative of layoffs. The four-week average, which evens out some of the weekly volatility, rose by 4,000 to 216,750. While the labour market did start to show some minor signs of weakness last year, jobs remain plentiful and layoffs historically low. Last month, the Labour Department reported that job growth in December surged and unemployment fell. Employers added 256,000 jobs in the final month of 2024 and the unemployment rate ticked down to 4.1 per cent. The final jobs report of 2024 showed that the economy and hiring were able to grow at a solid pace even with interest rates much higher than they w

Space systems maker Karman Holdings seeks up to $2.6 bn valuation in US IPO

The company and selling shareholders aim to raise up to $421 million by offering approximately 21 million shares priced between $18 and $20 each

US prices increases in December amid accelerating consumer spending

The accompanying policy statement did not include the reference to inflation having made progress toward the Fed's 2% target. No rate cut is expected before June

Markets Today: Economic Survey, US GDP; Nestle, ONGC, Q3; Dr. Agarwal's IPO

Back home, at 6:40 AM, GIFT Nifty futures indicated a strong start, up 71 points at 23,489

US economy in Q4 slows to 2.3%, robust spending keeps rate cut hopes alive

Gross domestic product increased at a 2.3 per cent annualized rate last quarter after accelerating at a 3.1 per cent pace in the July-September quarter

US Fed leaves policy rate unchanged, says unemployment rate is low

Fed officials say they largely believe the progress in lowering inflation will resume this year, but have now put rates on hold as they await data to confirm it

US business activity at 9-month low in January; hiring accelerates

S&P Global said on Friday that its flash US Composite PMI Output Index, which tracks the manufacturing and services sectors, declined to 52.4 this month

Donald Trump returns to White House with a rare indoor inauguration

Trump's guest list is a mix of billionaires, businessmen, tech executives, foreign heads, and former presidents

BofA Q4 profit jumps on trading boost, sees higher 2025 interest income

The earnings mirror those of rivals across Wall Street including JPMorgan, Goldman Sachs, Wells Fargo , and Citigroup, whose results were buoyed by stronger equity markets