Job growth totals 236,000 in March, near expectations as hiring pace slows

[ad_1] Nonfarm payrolls growth in March was about in line with expectations, but showed signs that the jobs picture is in the early stages of a slowdown. The Labor Department reported Friday that payrolls grew by 236,000 for the month, compared to the Dow Jones estimate for 238,000 and below the upwardly revised 326,000 in … Read more

This ominous trend spells a hard landing for economy

[ad_1] Investors may want to brace for a hard landing. According to the Economic Cycle Research Institute, the recent bank failures reinforce a recession is imminent and there is a chart reflecting it. “We’re seeing lots of symptoms [of a significant downturn] when you have crises,” the institute’s co-founder Lakshman Achuthan told CNBC’s ” Fast … Read more

IMF says risks to financial stability have increased, calls for vigilance

[ad_1] The International Monetary Fund predicts global growth will slow. OLIVIER DOULIERY / Contributor / Getty Images Risks to financial stability have increased, International Monetary Fund chief Kristalina Georgieva said in a speech delivered in Beijing on Sunday, calling for continued vigilance despite moves by advanced economies to calm market stress. The IMF managing director … Read more