Ben Carter is a staff writer at P&L, covering markets, dealmaking, and public companies. He previously worked in equity research, focusing on valuation, earnings, and IPOs.
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The U.S. labor force participation rate fell to 61.9% in March, its lowest since 1977 outside the pandemic, as aging and immigration curbs pulled more people out of work.
Trump’s two-week Gulf ceasefire and reopening of the Strait of Hormuz sent Brent crude down 12% to $91 a barrel after nearly 6 weeks of disruption.
U.S. consumer prices rose 0.9% in March as the war with Iran sent gasoline up 21.2% and lifted annual inflation to 3.3%.
The world’s 500 richest people gained $265 billion in a day after Donald Trump pulled back his threat of immediate military action, with the Dow up 2.85%.
Tanker traffic in the Strait of Hormuz remains near a standstill, keeping U.S. oil below $100 a barrel despite Trump’s ceasefire announcement.
March CPI rose 0.9% from February and 3.3% from a year earlier as the Iran war pushed gasoline and other fuel costs higher.
U.S. payrolls rose in March, but the labor-force participation rate fell to 61.9%, its lowest since 1977 outside the pandemic.
Investors are treating the Iran shock as temporary, even as Nuveen strategist Laura Cooper warns more attacks on Gulf energy infrastructure may be underpriced.
U.S. labor-force participation fell to 61.9% in March, its weakest level since 1977, as an aging population and immigration crackdown limit worker supply.
