"Jobs may be a bit modest when we look out over the last couple of years, but pay is telling a different story - that there is still a little bit of tightness in this labor market," ADP chief economist Nela Richardson told reporters Wednesday morning.
Escalating geopolitical risk continued to dominate global markets' concerns, with safe-haven demand keeping the dollar index anchored near a multi-week high.
'Walmart Worries' just keep multiplying. It's currently close to the highest level ever recorded which was during the Great Financial Crisis of 2008-09.
"Oil prices are higher again this morning, but Treasury yields are lower as the risks to economic growth begin to take precedence over the risks to inflation," Oxford Economics said in a note on Monday.
Goldman Sachs now expects Brent crude to average $105 per barrel in March and $115 in April before retreating to $80 by year-end, assuming roughly six weeks of Hormuz supply disruptions.
U.S. economic growth cooled significantly in the fourth quarter of 2025, which the Trump administration attributed to last fall's record-long federal government shutdown and softer consumer spending. Gross domestic product rose at a 1.4 percent seasonally adjusted, inflation-adjusted annual rate in the final three months of last year, the Commerce Department said Friday, well below the 2.5 percent pace expected by economists.
The UK economy returned to growth in November, expanding by 0.3 per cent after contracting in the month leading up to the autumn budget, according to figures from the Office for National Statistics. The increase in GDP exceeded economists' expectations of a modest 0.1 per cent rise and suggests that economic activity proved more resilient than many sentiment surveys had indicated in the run-up to the budget on 26 November.