Economists predicted that the number of jobs added last month would be 160,000 ahead of the employment report, however, the actual figure was lower than expected. The report follows a month of widespread federal layoffs through Elon Musk’s Department of Government Efficiency (DOGE), immigration crackdowns, and reigniting Trump’s trade war. Economists predicted that it could be too soon for the impact of the DOGE layoffs to show up in the jobs data because the report was based on surveys carried out in the second week of February, but it still showed a decline of 10,000 jobs in federal employment and set the stage for an increase in unemployment later in the year.
Despite the drop in federal employment, employment trended up in...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
