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US Jobs Growth Beats Forecast | Brexit Heading for Another Delay

Published April 5, 2019

• The US Non-Farm Payrolls showed 196,000 jobs were created in March, slightly better than expected but wage growth slowed to 0.1 percent and manufacturing jobs fell unexpectedly. The unemployment rate was unchanged at 3.8 percent as expected.
• UK Prime Minister Theresa May has asked the European Union to delay Brexit until June 30, setting up a battle with the bloc ahead of a key summit next week. The move is aimed at allowing divided British politicians to agree a withdrawal deal.
• President Donald Trump hinted the United States and China are inching closer to a comprehensive trade pact to end a year long trade impasse between the world’s two largest economic superpowers within weeks. However, Trump declined to confirm reports that he would hold a summit with Chinese President Xi Jinping later this month.
• John Williams the President of the Federal Reserve Bank of New York said the outlook for the economy remains positive and GDP growth is on track, in comments that offered no hints about what’s next for central-bank interest rate policy.