Dandenong market stalls

US jobs grew more than expected last month amid falling COVID-19 cases, rising vaccination rates and extra government support putting the labour market recovery back on firmer footing. Nonfarm payrolls surged 379,000 jobs in March after rising 166,000 in January, according to a closely watched employment report. It followed the first fall in eight months in December. Live COVID updates from the UK and across the world Please use Chrome browser for a more accessible video player Feb: 'This nation will know sunny days again' Economists had forecast February payrolls increasing by 182,000 jobs. Advertisement The Labor Department figures came after the Federal Reserve chair Jerome Powell gave an upbeat view of the jobs market, but warned a return to full employment this year was "highly unlikely". While the unemployment rate fell to 6.2% last month from 6.3% in January, it continued to be understated with people misclassifying … [Read more...] about US jobs surge beats forecasts in signs of labour market recovery

A bumper employment boost in Joe Biden’s first jobs report caused a spike in US government borrowing costs to their highest level in more than a year. Inflation jitters on bond markets were fuelled again by 379,000 jobs being added to the US economy in February, the strongest showing for four months. Forecasters predicted the vaccine rollout and the president’s stimulus jolt will extend the jobs recovery in the coming months after an expectations-smashing report. The labour market quickly regained momentum following the second wave setback with the jobs gain in the first full month under Mr Biden well above forecasts of below 200,000. Unemployment edged down 0.1 percentage points to 6.2pc but the headline rate is flattered by many American workers temporarily sitting out of the labour market. Signs of the rapidly recovering jobs markets stoked volatility in US Treasuries, which are being closed watched by investors. Expectations of a strong economic recovery boosted the … [Read more...] about Blowout US jobs report may feed inflation fears

Philip Jansen, the chief executive of BT Group, gave boardroom colleagues an ultimatum over his own future that led to the departure this week of the company's chairman, Jan du Plessis. Sky News has learnt that Mr Jansen told fellow directors of the telecoms giant over a period of several months that he had become frustrated with the speed at which BT was taking key strategic decisions. The BT chief, who joined in 2019, indicated that he was prepared to resign unless Mr du Plessis was replaced by a chairman who could accelerate the pace of change at the former state monopoly, according to several people close to the company. Mr du Plessis, one of the most experienced chairmen in corporate Britain, said on Monday that he would leave once a successor was identified. He has chaired companies including SAB Miller, the brewer, and British American Tobacco, and held non-executive directorships at Marks & Spencer and Lloyds Banking Group. Advertisement Mr … [Read more...] about BT chief Jansen gave board ultimatum over chairman’s future

LIDL has launched a brand new hair styling wand for a little over a tenner - and it’s a dupe of some pricier versions on the market. The supermarket has expanded its personal grooming range with the Multi-Function Hot Air Styler, which costs just £11.99. The tool comes with six separate attachments, including a curling iron, double sided-brush, a concentrated nozzle and a ‘vented’ brush. Lidl said it’s “perfect for experimenting with different hairstyles or drying and styling your hair in one step”. As well as two heat settings, it also features a ‘cool shot’ to set your hairstyle, perfect for if you're in a rush. And comes with a handy storage bag so you never lose any of the attachments, and we all know how annoying that can be. And the best part? It comes with a chic pink handle, so it will look good in your bathroom, or on your bedroom floor. The tool, part of Lidl’s new home-spa range, lands in-store today, but you’d better be quick to snap it up as it’s a … [Read more...] about Lidl has launched an air styler for £12 – and it’s a dupe of this £60 Revamp version

Y ou can now receive the very latest news, developments and exclusive analysis from Westminster and beyond via the Telegraph's Politics WhatsApp group. If you're looking for the latest on the Government's ongoing response to the coronavirus pandemic, this is the place for you. Senior journalists from the Telegraph team will bring you access to a politics-focused channel with sharp, insightful and exclusive analysis and comment you can't get anywhere else. Signing up is easy, just follow the steps below. Important note - your phone number will only be used to receive politics alerts from The Telegraph. Your phone number will not be exposed to people who use the service and will not be used for marketing purposes of any kind. How to sign up You will need to ensure WhatsApp is downloaded on your device: Tap here from your mobile, tablet or desktop. You will see a service message asking if you want to open WhatsApp. Tap ‘Open’ and once WhatsApp has opened press … [Read more...] about Telegraph Politics WhatsApp Group: Sign up for the latest coronavirus news