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Live Updates: The April Jobs Report
  + stars: | 2024-05-03 | by ( Lydia Depillis | ) www.nytimes.com   time to read: +2 min
PinnedIt’s been a hot spring for the American labor market, and while the summer forecast is milder, it’s not clear when the cool-down will begin. The last three months have seen an upswing in job creation, bending what had been a bumpy but definite downtrend since the post-pandemic resurgence. Does that mean the labor market is taking off again without ever having touched down? Workers are quitting their jobs at even lower rates than they were in 2019. “You don’t have that cost of onboarding and starting over again if you can hold on to them.”
Persons: It’s, , Stephen Brown, Belinda Román, Organizations: Labor Department, North, Capital Economics, Institute for Supply Management, National Federation of Independent, Workers, St, Mary’s University Locations: North America, San Antonio
Read previewAt the start of 2023, most US economists were bracing for a recession. An economics professor at St Mary’s University, a tiny Roman Catholic college in San Antonio, Texas, bucked the trend. Last January, Belinda Román told surveyors from The Wall Street Journal that she was expecting the economy to have a strong 2023. No recession, low unemploymentIn January 2023, Román locked in her forecast for the year, telling the WSJ that she was expecting the US’s Gross Domestic Product (GDP) to expand by 2.8%. 2024 predictionsMany forecasters are now bullish on the US economy off the back of a stellar 2023 — and Román is no exception.
Persons: , Belinda Román, Román, That's, Taylor Swift, , , who’s, St Mary’s, we’ve, ” Román, Goldman Sachs ’ Jan Hatzius, London —, I’d, there’s Organizations: Service, St Mary’s University, Roman Catholic, Wall Street Journal, Business, Bank of America, JPMorgan, The Commerce Department, St, American Chamber of Commerce Locations: San Antonio , Texas, London
WSJ's top forecaster on '24: We will do well
  + stars: | 2024-02-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWSJ's top forecaster on '24: We will do wellBelinda Román, St. Mary's University associate professor, joins 'Squawk on the Street' to discuss what led to her forecasts for last year and her outlook for this year.
Persons: Belinda Román Organizations: Mary's University Locations: St
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