Senior financial services executive with extensive global C-level (CEO & CFO) experience. Driven business and team builder.
“Employers added 303,000 jobs in March on a seasonally adjusted basis, the Labor Department reported on Friday. It was the 39th straight month of job growth. The unemployment rate fell to 3.8 percent, from 3.9 percent in February. The continuing strength, labor market analysts say, may increase confidence among investors and the Federal Reserve that the U.S. economy has reached a healthy equilibrium in which a steady roll of commercial activity, growing employment and rising wages coexist. It’s a remarkable change from a year ago, when top financial analysts were largely convinced that a recession was only months away. From late 2021 to early 2023, inflation was outstripping wage gains, but that now appears to have firmly shifted, even as wage increases cool from their peak average rates in 2022. Average hourly earnings for workers rose 0.3 percent in March from the previous month and were up 4.1 percent from March 2023.”
