March 7, 2025
United States:
US Hiring Rises at Solid Pace, Unemployment Unexpectedly Higher
US hiring remained firm in February and the unemployment rate edged higher, illustrating a labor market that’s cooling gradually in the face of rising economic uncertainty.
Nonfarm payrolls increased 151,000 after a downward revision to the prior month, according to a Bureau of Labor Statistics report out Friday. The unemployment rate rose to 4.1%.
Europe:
Euro-Zone Economy Grew More Than Estimated at End of 2024
The euro-area economy grew more than initially estimated at the end of last year, bolstered by consumer spending and business investments.
Fourth-quarter gross domestic product increased 0.2% from the previous three months, data published Friday showed.
Asia:
China Had Record $540 Billion of Exports in Rush to Beat Tariffs
China’s exports reached a record so far this year as higher US tariffs, and the threat of more to come, drove frontloading of shipments.
The value of sales abroad rose 2.3% in the first two months of the year to $540 billion, according to a statement from the General Administration of Customs on Friday. Imports unexpectedly fell 8.4%, leaving a record trade surplus of nearly $171 billion.
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