March job growth slows sharply in weak Hiring report
Washington reports March payrolls rose 126000, far below forecasts, ending a year of 200000 plus gains per month. Unemployment steadies at 5.5 percent as labor force shrinks. Weather and weak exports contribute. manufacturing and mining decline. Pay grows, service jobs steady, and retail recovers all recession losses. Fed rate expectations pushed to September.
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Banks ease lending for many subprime credit card customers
Banks are easing lending standards to raise credit limits for subprime cardholders amid steady labor markets and higher consumer spending. Credit card issuers report increased approval rates for credit-limit increases, with advocates warning of rising debt and risk to financially strapped borrowers as banks pursue profits.
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Tesla first quarter deliveries rise 55 percent to 10030
Tesla reported over 10,030 new vehicle deliveries in Q1, up 55 percent from a year earlier. The company plans to publish quarterly delivery figures within three days of quarter end and aims for 55,000 vehicles in 2015. Elon Musk noted a new product reveal on April 30, not a car, and a home battery is expected to reach production in about six months.
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