Mixed Economic Signals And A Bank Failure

Published Friday, March 10, 2023 at: 8:24 PM EST

The U.S. economy created 311,000 new jobs in February, exceeding expectations of 225,000, according to the Bureau of Labor Statistics. The unemployment rate edged upward to 3.6%, but remains just above its lowest point in decades.  The February new jobs report was the eleventh consecutive month in which job gains exceeded the expectations of economists. The strong labor market reinforced evidence that no recession was imminent, despite one of the most aggressive monetary tightening campaigns in U.S. history and other signals recession – two quarters of shrinking in the size of the economy -- could yet occur by the end of...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

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