OPEC's new price hawk Saudi Arabia seeks oil as high as $100
Twitch reportedly affected by IP address bans in Russian Federation
Mecca Masjid blast case: Trial period alone serves as punishment?
Best Buy will exclusively sell new Amazon Fire smart TVs
Brokerages Issued Imagination Technologies Group plc (IMG) Target Price at $179.56
March sadness: Only 103000 jobs added
07 April 2018, 09:55 | Lionel James
David L. Ryan Globe Staff A construction worker walked along One Dalton in Boston which is under construction
Leisure and hospitality employers added only 5,000 jobs last month, the least since September.
By industry, the largest gains were seen in education and health services as well as professional and business services, the two areas that are most often leaders in terms of monthly job gains.
Economists have forecast that employers added a solid 185,000 jobs in March and that the unemployment rate dipped from 4.1 percent to a fresh 17-year low of 4 percent, according to data provider FactSet. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.) After revisions, job gains have averaged 202,000 over the last 3 months. The unemployment rate had been expected to edge down to 4.0 percent.
The labor market hit a high of 326,000 jobs added in February and has hovered around the 200,000-mark for the past several months.
Economists on Friday suggested there are a number of possible reasons for the hiring slow down.
A broader measure of unemployment that includes discouraged workers and those holding part-time positions for economic reasons - the underemployed - fell two-tenths of a point to 8 percent, its lowest reading in 11 years.
Hands-free Alexa coming to Amazon Fire tablets A new software update allows Amazon Fire 7 (2017) and Fire HD 8 (2017) owners to use their tablets as an Alexa speaker. Amazon ( amzn ) has been steadily releasing new Alexa features meant to be used across multiple Echo devices.
And last month, factories expanded at a healthy pace after having grown in February at the fastest rate since 2004, according to a private survey.
After reporting a substantial increase in USA employment in the previous month, the Labor Department released a report on Friday showing job growth slowed by much more than anticipated in the month of March.
Temperatures returned to normal in March, with snowstorms in some parts of the country. The average hourly wage rose 2.7 percent from a year earlier. The gain lifted the annual increase in average hourly earnings to 2.7 percent from 2.6 percent in February.
The average workweek for employees on nomfarm payrolls held steady at 34.5 hours.
The labor force participation rate dipped slightly from 63 percent to 62.9 percent. Investors expected two more rate hikes this year.
That mainly took place in the final days of the month, however. They can't afford multiple months of below-expectation job growth.
Little snow but heavy winds expected throughout Wednesday
A Winter Weather Advisory is in effect for central Minnesota starting at 1 PM this afternoon and lasting through 1 AM tonight . Temperatures for the remainder of the week will be in the upper 40's and 50's, with a possible 60 degree temp on Wednesday .
21st Century Fox could sell Sky News to Disney
Fox, which now owns just 39 per cent of Sky , expressed confidence either option would address the CMA's outstanding concerns. Analysts Liberum Capital said the Fox remedies "should be adequate" to overcome the regulator's media plurality concerns .
World stocks under pressure from trade war fears
All three major European markets were shut on Friday and Monday, as investors enjoyed a four-day holiday weekend. China's position as an assembly hub for electronic devices makes it the biggest consumer of semiconductors.
Prince Charles supports republic: Keating
The Prince of Wales will be in the country from 4 to 10 April and will open the Gold Coast Commonwealth Games on Thursday. Prince Charles will then tour northern parts of the Sunshine State, before heading to the Northern Territory.
Snapchat finally releases iPhone X exclusive AR lenses
It's not clear how long these iPhone X masks will stay in the rotation ... or if Snapchat plans to develop any more in future. The lenses available now makes use of the data from the phone's 2D camera to guess facial features , like eyebrows and mouth.
US plans to sanction Russian oligarchs this week
Russian Federation may be forcing the oligarchs to return to Russian Federation and return any stolen wealth as well. The targets for the sanctions will be taken from a classified annex to the report , the official said.
'Deal reached' for Syria rebels to quit last Ghouta holdout
Trump's comments came as France said on Friday it could increase its military presence in Syria to bolster the US -led campaign. No date was given for the pullout and Moscow said rebels were expected to demine buildings and clear roadblocks before leaving.