U.S. employers added the most jobs in seven months with improvement across most industries in March, as more vaccinations and fewer business restrictions supercharged the labor market recovery. Nonfarm payrolls increased by 916,000 last month and February employment was revised up to a 468,000 gain, according to a Labor Department report Friday. The unemployment rate
Bonds
Municipals were steady to slightly stronger Thursday as the market opened with news of an unexpected rise in the weekly jobless claims number and ended by preparing for a long holiday weekend. The bond markets will close Friday at noon ET, ahead of the Easter weekend. The triple-A benchmark scale was mostly stronger across the
The United States Supreme Court on Thursday ruled unanimously for Georgia over Florida in a dispute about how the Apalachicola River Basin’s water should be divided up between them. Justice Amy Coney Barrett delivered the opinion. It was not the first time the Supreme Court heard arguments about the case. In 2018 it sent the
Municipals were little changed Wednesday with a firm tone as few deals priced, more inflows were reported and markets began digesting President Joe Biden’s massive infrastructure plan. The $2 trillion proposal, combined with the shortened week and the arrival of the second quarter, are overshadowing the market, according to Anthony Valeri, director of investment management