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57 Min Ago
US adds 303,000 jobs in March, topping estimates

The March nonfarm payrolls came in stronger than expected on Friday morning, another sign of a resilient U.S. labor market.

The U.S. economy added 303,000 jobs last month, topping the 200,000 expected by economists surveyed by Dow Jones. The unemployment rate was 3.8%.

Average hourly earnings rose 0.3% in March, and are up 4.1% over the past year. The average workweek ticked up to 34.4 hours.

— Jesse Pound

13 Hours Ago
Samsung Electronics expects to post a 931% jump in first-quarter profit

Samsung Electronics on Friday said it expects to report a 931% jump in first quarter operating profit amid a recovery in memory chip prices.

Operating profit in the three months ending March likely rose to 6.6 trillion Korean won ($4.89 billion), exceeding LSEG analysts’ expectation of 5.24 trillion won. Profit in the same period a year ago was 0.64 trillion won.

Memory chip prices saw a drastic fall due to excess inventories post-Covid while the smartphone and PC markets was impacted by weak demand.

Samsung shares were down 1.06% in morning trading.

– Sheila Chiang

https://www.cnbc.com/2024/04/04/stock-ma...dates.html

US economy adds 303,000 jobs, unemployment falls to 3.8% in March as labor market continues to impress
Josh Schafer·Reporter
Updated April 5, 2024 at 3:34 PM

https://finance.yahoo.com/news/us-econom...26886.html

Economy
Job growth zoomed in March as payrolls jumped by 303,000 and unemployment dropped to 3.8%
Published Fri, Apr 5 20248:30 AM EDT
Updated 21 Min Ago
Jeff Cox

https://www.cnbc.com/2024/04/05/job-grow...rcent.html