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Founder, editor and CEO of SideHusl.com Kathy Kristof joined Varney & Co. to share some of her best tips and tricks on how consumers can supplement their wealth with new job opportunities.

All eyes will be on the March jobs report when it comes out Friday morning amid signs the once rock solid labor market is finally beginning to crack in the face of higher interest rates.  

The Labor Department's high-stakes payroll report is projected to show that hiring increased by 239,000 last month and that the unemployment rate held steady at 3.6%, according to a median estimate by Refinitiv economists.

That would mark a drop from the 311,000 gain in February and would be the weakest monthly job growth since December 2020.

Construction workers on a job site March 10, 2023, in Miami, Fla. (Joe Raedle/Getty Images / Getty Images)

While monthly jobs data is always important, the Federal Reserve is closely watching this particular report for evidence that the labor market is finally softening after months of strong job gains as policymakers try to wrestle inflation under control. The consumer price index has cooled slightly from a peak of 9.1% in June, but it remains about three times higher than the pre-pandemic average.

JOB CUTS SURGED 15% IN MARCH, AND LARGE-SCALE LAYOFFS 'WILL LIKELY CONTINUE:' REPORT

"Here we go again. The upcoming employment report will be the most important ever, just like the previous dozen or so," said Dan North, senior economist at trade credit insurer Allianz Trade North America. "Will it show a cooling labor market, giving the Fed room to breathe, or will it come out strong, putting [a 25 basis point interest rate hike] back on the table in May?"

A lower-than-expected figure on Friday could be a welcoming sign for the U.S. central bank, which has already approved nine straight interest rate hikes and opened the door to a 10th increase at its May meeting. 

ARE TECH LAYOFFS THE CANARY IN THE US JOBS MARKET?

The labor market has remained historically tight over the past year, but there are signs of a slowdown. A separate report released Wednesday showed there were about 9.9 million job openings in February, the first time since May 2021 that the number of available jobs dipped below 10 million. 

However, job openings remain historically high. Before the COVID-19 pandemic began in early 2020, the highest on record was 7.6 million. There are still roughly 1.7 jobs per unemployed American. 

A hiring sign is shown during a job fair at a Schneider Electric manufacturing facility in Hopkins, S.C., Jan. 18, 2023. (Micah Green/Bloomberg via Getty Images / Getty Images)

There has also been a wave of notable layoffs over the past few months, and the list grows longer by the day. Amazon, Apple, Meta, Lyft, Facebook, Google, IBM and Twitter are among the companies letting workers go.

"The data in hand right now suggest the job market lost momentum since last fall," said Bill Adams, chief economist for Texas-based Comerica Bank. "If inflation reports for March come in softer than expected, or there is another batch of negative economic headlines between now and the decision, it would likely tip the balance toward a hold in May. But inflation is still the Fed’s foremost concern, so a May hike can’t be ruled out."

JOBLESS CLAIMS COME IN HIGHER THAN EXPECTED AHEAD OF MARCH JOBS REPORT

Job losses could soon bleed into the broader labor market. Fed Chairman Jerome Powell has made it clear that policymakers anticipate job growth will slow and unemployment could climb as the Fed raises interest rates higher, but he has argued that an alternative where prices soar unchecked is worse.

Recruiters speak with job seekers during a job fair in Miami Dec. 16, 2021. (Eva Marie Uzcategu /Bloomberg via Getty Images / Getty Images)

For many economists, the possibility of unemployment rising has become a question of when not if.

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The central bank previously projected the jobless rate will march substantially higher to 4.6% and remain elevated in 2024 and 2025 as steeper rates continue to take their toll by pushing up borrowing costs. That could amount to more than 1 million job losses.

Hiking interest rates tends to create higher rates on consumer and business loans, which slows the economy by forcing employers to cut back on spending.

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Rose Bowl agrees to earlier kick for CFP quarters

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Rose Bowl agrees to earlier kick for CFP quarters

LAS COLINAS, Texas — The Rose Bowl Game will start an hour earlier than its traditional window and kick off at 4 p.m. ET as part of a New Year’s Day tripleheader of College Football Playoff quarterfinals on ESPN, the CFP and ESPN announced on Tuesday.

The rest of the New Year’s Day quarterfinals on ESPN include the Capital One Orange Bowl (noon ET) and the Allstate Sugar Bowl (8 p.m.), which will also start earlier than usual.

“The Pasadena Tournament of Roses is confident that the one-hour time shift to the traditional kickoff time of the Rose Bowl Game presented by Prudential will help to improve the overall timing for all playoff games on January 1,” said David Eads, Chief Executive Office of the Tournament of Roses. “A mid-afternoon game has always been important to the tradition of The Grandaddy of Them All, but this small timing adjustment will not impact the Rose Bowl Game experience for our participants or attendees.

“Over the past five years, the Rose Bowl Game has run long on several occasions, resulting in a delayed start for the following bowl game,” Eads said, “and ultimately it was important for us to be good partners with ESPN and the College Football Playoff and remain flexible for the betterment of college football and its postseason.”

The Goodyear Cotton Bowl Classic, a CFP quarterfinal this year, will be played at 7:30 p.m. ET (ESPN) on New Year’s Eve. The Vrbo Fiesta Bowl, a CFP semifinal, will be at 7:30 p.m. ET (ESPN) on Thursday, Jan. 8, and the Chick-fil-A Peach Bowl will host the other CFP semifinal at 7:30 p.m. ET (ESPN) on Jan. 9.

ESPN is in the second year of its current expanded package, which also includes all four games of the CFP first round and a sublicense of two games to TNT Sports/WBD. The network, which has been the sole rights holder of the playoff since its inception in 2015, will present each of the four playoff quarterfinals, the two playoff semifinals and the 2026 CFP National Championship at 7:30 p.m. ET (ESPN) on Jan. 19, at Miami’s Hard Rock Stadium.

The CFP national championship will return to Miami for the first time since 2021, marking the second straight season the game will return to a city for a second time. Atlanta hosted the title games in 2018 and 2025.

Last season’s quarterfinals had multiyear viewership highs with the Chick-fil-A Peach Bowl (17.3 million viewers) becoming the most-watched pre-3 p.m. ET bowl game ever. The CFP semifinals produced the most-watched Goodyear Cotton Bowl Classic (20.6 million viewers) and the second-most-watched Capital One Orange Bowl in nearly 20 years (17.8 million viewers).

The 2025 CFP national championship between Ohio State and Notre Dame had 22.1 million viewers, the most-watched non-NFL sporting event over the past year. The showdown peaked with 26.1 million viewers.

Further scheduling details, including playoff first round dates, times and networks, as well as full MegaCast information, will be announced later this year.

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Mike Patrick, longtime ESPN broadcaster, dies

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Mike Patrick, longtime ESPN broadcaster, dies

Mike Patrick, who spent 36 years as a play-by-play commentator for ESPN and was the network’s NFL voice for “Sunday Night Football” for 18 seasons, has died at the age of 80.

Patrick died of natural causes on Sunday in Fairfax, Virginia. Patrick’s doctor and the City of Clarksburg, West Virginia, where Patrick originally was from, confirmed the death Tuesday.

Patrick began his play-by-play role with ESPN in 1982. He called his last event — the AutoZone Liberty Bowl on Dec. 30, 2017.

Patrick was the voice of ESPN’s “Sunday Night Football” from 1987 to 2005 and played a major role in broadcasts of college football and basketball. He called more than 30 ACC basketball championships and was the voice of ESPN’s Women’s Final Four coverage from 1996 to 2009.

He called ESPN’s first-ever regular-season NFL game in 1987, and he was joined in the booth by former NFL quarterback Joe Theismann and later Paul Maguire.

For college football, Patrick was the play-by-play voice for ESPN’s “Thursday Night Football” and also “Saturday Night Football.” He also served as play-by-play announcer for ESPN’s coverage of the College World Series.

“It’s wonderful to reflect on how I’ve done exactly what I wanted to do with my life,” Patrick said when he left ESPN in 2018. “At the same time, I’ve had the great pleasure of working with some of the very best people I’ve ever known, both on the air and behind the scenes.”

Patrick began his broadcasting career in 1966 at WVSC-Radio in Somerset, Pennsylvania. In 1970, he was named sports director at WJXT-TV in Jacksonville, Florida, where he provided play-by-play for Jacksonville Sharks’ World Football League telecasts (1973-74). He also called Jacksonville University basketball games on both radio and television and is a member of their Hall of Fame.

In 1975, Patrick moved to WJLA-TV in Washington, D.C., as sports reporter and weekend anchor. In addition to those duties, Patrick called play-by-play for Maryland football and basketball (1975-78) and NFL preseason games for Washington from 1975 to 1982.

Patrick graduated from George Washington University where he was commissioned as a Second Lieutenant in the United States Air Force.

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Family of man killed by psychiatric patient say they’ve been ‘treated like dirt’ after learning attacker can leave hospital

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Family of man killed by psychiatric patient say they've been 'treated like dirt' after learning attacker can leave hospital

The family of a dog walker killed by a psychiatric patient say they have been ‘treated like dirt’ by the NHS after learning his attacker has been granted permission to leave hospital.

Lewis Stone was stabbed to death by David Fleet in a random attack in Borth, Wales, in 2019, shortly after Mr Fleet had been released into the community.

Mr Stone’s family were informed of the update to his care just hours after Sky News aired their first TV interview calling for an internal NHS Trust report into its handling of Fleet’s case to be released.

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From 10 April: Victim’s family demand answers over killer’s NHS care

Mr Stone’s stepdaughter, Vicki Lindsay, told Sky News: “As victims, we have been treated disgracefully.

“We still do not know why the killer was released 10 days before he attacked Lewis, who made that decision and why, and who is going to be held accountable for it.

“But as if all that were not bad enough, only six years on, we now get to live knowing that the killer is now allowed out at night time.”

Ms Lindsay also told Sky’s Sarah-Jane Mee that “my biggest fear is that it’s going to happen again – I can’t sleep at night thinking about other families going through what we’ve gone through”.

More on Wales

Mr Fleet was sectioned under the Mental Health Act after admitting manslaughter with diminished responsibility.

He was suffering from paranoid schizophrenia at the time of the attack and told psychiatrists that if he had not stabbed Mr Stone, the voices in his head “were going to kill him”.

Lewis Stone and his wife Elizabeth (Liz)
Lewis Stone was fatally stabbed on 28 February 2019 by David Fleet, has been sectioned under the Mental Health Act after admitting manslaughter with diminished responsibility. Lewis' family are demanding Hywel Dda health board reveals details of internal NHS Trust report into Fleet's mental health treatment. Pics sourced from family via mark.thompson@sky.uk
Image:
Lewis Stone was fatally stabbed in February 2019

Patients who have committed a mental health-related homicide can be granted permission to leave their hospital under Section 17 of the Mental Health Act.

It is considered part of the patient’s rehabilitation and preparation for eventual discharge.

What has the MoJ said?

A Ministry of Justice spokesperson said: “We understand this decision will be difficult for the Stone family, and our thoughts are with them.

“Any decision to approve access to the community is only made after a thorough risk assessment and with strict safeguards in place.”

Lewis Stone and Sammy (Granddaughter) , 
Lewis Stone was fatally stabbed on 28 February 2019 by David Fleet, has been sectioned under the Mental Health Act after admitting manslaughter with diminished responsibility. Lewis' family are demanding Hywel Dda health board reveals details of internal NHS Trust report into Fleet's mental health treatment. Pics sourced from family via mark.thompson@sky.uk
Image:
Lewis Stone with his granddaughter Sammy

The Hywel Dda health board says it does not intend to release an internal report into Fleet’s care.

Sharon Daniel, the interim executive director for nursing, quality and patient experience, said: “The duty of candour for patients came into force in Wales in April 2023.

“At the time of this incident and concern, we fulfilled our duties to be open.”

A senior NHS official has called the decision not to release the internal report “callous and uncaring”. Speaking on condition of anonymity, they said: “On the face of it, this family has been failed multiple times over.

“Of course, there is a balance to be struck between the rights of the family and the rights of the person detained, but the basic lack of transparency and consideration here undermines the duty of candour.”

Freedom of Information requests made by the victim’s support organisation Hundred Families have found that nearly 400 people were killed by former mental health patients between 2018 and 2023.

However, this number is expected to be a significant underestimate as a quarter of NHS Mental Health Trusts refused to say how many of their patients went on to kill, as they don’t want to risk identifying offenders.

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Julian Hendy, who founded Hundred Families, said: “Unfortunately the family of Lewis Stone is not alone. There is a terrible lack of openness and transparency and that needs to change.

“The public needs to know that mental health services are keeping people safe and learning effectively when things go wrong.

“At the moment, by failing to share information the public cannot be reassured.”

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