Skip to content
Still, total tech employment has grown this year, to a record 6.39 million in November, based on government statistics. That was barely up from the earlier month and a 12 p.c increase from November 2021. Stocks are slipping and bond yields are capturing higher after an unexpectedly quick tempo of hiring in January, coupled with sturdy wage growth. The numbers are prone to dampen expectations of interest rate cuts coming anytime quickly, with the yield on the two-year Treasury bond, which is delicate to modifications in rate expectations, rising sharply. Notably, Mr. Powell mentioned the Fed was prepared to be…
