Biggest year-over-year gain since April
The U.S. Labor Department also finds that wage gains are easing, a trend that may signal cooling inflation pressures
The agency forecasts global growth of 2.1% this year, down from 3.1% in 2022
The possibility of a hard landing has "risen sharply," the IMF says
``The worst is yet to come,'' chief economist says
For many countries, recession will be hard to avoid, the agency's president said
As the Fed's rate hikes take effect, they will make it increasingly expensive to spend and hire
Financial markets now foresee much steeper rate hikes than Fed officials signaled as recently as last month
Unemployment dropped to its lowest rate since the pandemic erupted
For the full year of 2021, the U.S. GDP grew by 5.7%, the fastest calendar-year growth since 1984