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Wall Street Journal
4 days ago
- Business
- Wall Street Journal
10-Year Treasury Yield Heads Toward Largest Decline Since April 14
1316 ET — The yield on the 10-year U.S. Treasury note is headed toward its biggest one-day decline since April 14 after a pair of lackluster reports on the U.S. economy. Yields, which fall when bond prices rise, began sliding early in the session after the ADP's National Employment report showed that 37,000 jobs were created in May, the slowest pace of private-sector hiring in two years. Economists polled by The Wall Street Journal projected hiring would increase by 110,000 new jobs. Yields extended their decline after an ISM services report, which suggested that activity among service firms fell unexpectedly in May. The survey's index for new orders and inventories both sank into contraction, with respondents reporting difficulty in planning due to uncertain tariff policies. The 10-year yield recently traded near 4.36%, down from 4.46% Tuesday. ( 0841 ET – An ominous sign from the U.S. labor market triggers a rush to Treasury bonds, driving yields sharply lower. ADP says only 37,000 jobs were created by private employers in May, the lowest since March 2023. Economists surveyed by WSJ expected 110,000. ADP revises the April figure to 60,000 from 62,000 and says hiring is losing momentum while pay growth remained at robust levels. The report may reflect businesses reluctance to hire amid tariffs uncertainty. Trump cites the report to call on the Fed to lower rates. Friday, payrolls are expected to slow a little from April. The 10-year is at 4.419% and the two-year at 3.931%. ( @ptrevisani)
Yahoo
24-05-2025
- Business
- Yahoo
U.S. News & World Report's Best States: Where does Virginia rank?
Virginia was ranked 16th on U.S. News & World Report's list for the 2025 best states in the country. Virginia's ranking this year dropped from 2024, when it was ranked the 13th best state. The ranking takes several metrics across eight categories into account: crime and corrections, economy, education, fiscal stability, health care, infrastructure, natural environment and opportunity. Here's how Virginia fared across the board. More: Unemployment claims in Virginia increased last week Across U.S. News' main categories, here's how Virginia ranked: Economy: No. 10 Crime and corrections: No. 12 Education: No. 15 Health care: No. 18 Natural environment: No. 19 Fiscal stability: No. 23 Opportunity: No. 25 Infrastructure: No. 38 Virginia also ranked fairly high in these subcategories: Air & water quality (No. 3), employment (No. 4), long-term fiscal stability (No. 8) and pre-k education (No. 10). According to the ranking, Virginia's job growth was 2.3% this year, above the national average of 1.5%. The state's high school graduation rate of 88.8% was also above the national average of 85.8%, and its poverty rate of 10.2% fell below the national average of 12.2%. More: AAA: Memorial Day travel in Virginia should be slightly higher this year than last However, Virginia's liquidity is only 53.4 according to the ranking, far below the national average of 99.4 and contributing to the state's low score in short-term fiscal stability. Virginia's lowest scores were in the following four subcategories: Short-term fiscal stability (No. 36), pollution (No. 36), affordability (No. 37) and internet access (No. 37). Utah was crowned best state overall for a third straight year and ranked in the top 20 for seven of the eight categories, according to the report. Here are U.S. News' top five overall best states in America: Utah New Hampshire Idaho Minnesota Nebraska More: What Virginia travelers need to know as REAL ID deadline is here Louisiana was ranked the worst state in the U.S., according to the report, and Alaska, Mississippi, New Mexico and West Virginia finished out the report's bottom five states. This article originally appeared on The Progress-Index: U.S. News & World Report's Best States Rankings: Where does VA rank?
