Big US jobs rise in January surprises again

Big US jobs rise in January surprises again

Getty Images Job creation in the US surged in January, as the economy continued to defy predictions of a slowdown. Employers added 353,000 jobs and average hourly pay jumped, while the unemployment rate held steady at 3.7%, the Labor Department said. The report extended a streak of job gains that has surprised economists, who have…

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Largest US banks set to log sharp rise in bad loans

Largest US banks set to log sharp rise in bad loans

Stay informed with free updates Simply sign up to the US banks myFT Digest — delivered directly to your inbox. A pile-up of bad debt threatens to sour investors’ growing optimism about the prospects for the US’s largest banks when they report fourth-quarter earnings this week. Non-performing loans — debt tied to borrowers who have…

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