Biden sees economy avoiding recession, but risks remain
2 years ago

Biden sees economy avoiding recession, but risks remain

Associated Press  

WASHINGTON — President Joe Biden assured Americans on Friday that the U.S. economy is chugging along in the holiday season, but the very strength of a new jobs report showed that high inflation remains a recession threat. “I’ve supported paid sick leave for a long time,” said the president, a staunch labor union supporter. “I’m going to continue that fight until we succeed.” He said that Republican lawmakers blocked the inclusion of seven days of paid sick leave in the agreement, and it’s unclear how he would get backing for expanding family leave to all workers with the GOP winning the House majority in November’s elections. Texas Rep. Kevin Brady, the ranking Republican on the House Ways and Means Committee, called the jobs report a “nightmare before Christmas.” “The White House is absolutely clueless about the very real labor shortage still hurting Main Street businesses and driving prices higher,” Brady said. “And for many workers, they are struggling with real wage losses and real pay cuts, making sticker shock a big part of this year’s holiday gift shopping experience.” Although Biden has said the economy is heading in the right direction, the employment report indicates that it’s on a “more muddled path” in which it’s unclear whether a downturn and eventual job losses can be averted, said Daniel Zhao, lead economist at Glassdoor, an employment website.

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History of this topic

New inflation numbers threaten Trump and GOP's plans for tax cuts and tariffs: report
1 week, 5 days ago

New inflation numbers threaten Trump and GOP's plans for tax cuts and tariffs: report

Raw Story  

New Labor Department data released Wednesday showed stubborn inflation continued, which could make it difficult for President-elect Donald Trump and his GOP allies to pass certain legislation they've planned. While the consumer price index increased 2.7 percent in November from 2023, it was also larger than September's 2.4 percent rise, The Washington Post reported. "While Trump criticized President Joe Biden’s …

Democratic President Rebuilds Economy, Just In Time To Hand It Off To Trump — Again
1 week, 6 days ago

Democratic President Rebuilds Economy, Just In Time To Hand It Off To Trump — Again

Huff Post  

LOADING ERROR LOADING WASHINGTON — President Joe Biden on Tuesday took credit for building a strong economy out of the ruins of the COVID-19 pandemic — just in time for him to turn it over to President-elect Donald Trump, who is already threatening tariffs that would likely weaken it and bring back inflation. “I’m not saying it was perfect, but …

Biden Says Trump Economic Plan will be Disaster
Trending News
1 week, 6 days ago

Biden Says Trump Economic Plan will be Disaster

Deccan Chronicle  

Washington: Outgoing US President Joe Biden on Tuesday branded his successor Donald Trump's economic plans a "disaster" in a speech hailing his own legacy in office. Biden said Trump's threats to impose huge tariffs on imports were a "major mistake" and urged the Republican to abandon proposed tax cuts. I think it'd be an economic disaster for us and the …

US added a strong 227,000 jobs in November in bounce-back from October slowdown
Top News
2 weeks, 4 days ago

US added a strong 227,000 jobs in November in bounce-back from October slowdown

Associated Press  

WASHINGTON — America’s job market rebounded in November, adding 227,000 workers in a solid recovery from the previous month, when the effects of strikes and hurricanes had sharply diminished employers’ payrolls. The November employment report provided the latest evidence that the U.S. job market remains durable even though it has lost significant momentum from the 2021-2023 hiring boom, when the …

US hiring rebounds after slump on hurricanes, strike
2 weeks, 4 days ago

US hiring rebounds after slump on hurricanes, strike

New Indian Express  

WASHINGTON: The US economy added more jobs than expected last month, government data showed Friday, bouncing back from a dramatic slowdown triggered by hurricanes and labor strikes. While Boussour said she expects job growth to settle "below trend" as the labor market cools gradually, she added that "a labor market downturn isn't on the near-term horizon" with layoffs remaining relatively …

Biden funded new factories and infrastructure projects, but Trump might get to cut the ribbons
1 month, 1 week ago

Biden funded new factories and infrastructure projects, but Trump might get to cut the ribbons

Associated Press  

WASHINGTON — All that’s left is for President-elect Donald Trump to put his name on it — if he wants. He will deliver.” Natalie Quillian, a deputy chief of staff for Biden’s White House, said that the administration’s programs are already starting to make a positive difference for the economy. “Over the coming months, we will continue to run through …

Biden laid groundwork for new factories and infrastructure, but Trump might get to cut the ribbons
1 month, 1 week ago

Biden laid groundwork for new factories and infrastructure, but Trump might get to cut the ribbons

LA Times  

All that’s left is for President-elect Donald Trump to put his name on it — if he wants. The unemployment rate is low, inflation is easing and President Biden’s administration has teed up a ready-made list of infrastructure projects that could go from theoretical to reality over the next several years. Trump said in September that he would “rescind all …

The US Economy: A Historical Perspective on Presidential Impact
2 months ago

The US Economy: A Historical Perspective on Presidential Impact

The Hindu  

The article examines the impact of different presidents on the US economy over the past 15 years. It finds that the economy was largely driven by global events, demographic changes, and decisions made in the White House, with the impact of each president being felt gradually over time. The article highlights the challenges of assessing the impact of presidents separately …

This week’s jobs numbers are very good news for Harris and Biden
2 months, 2 weeks ago

This week’s jobs numbers are very good news for Harris and Biden

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The US economy added 254,000 jobs in September, blowing past …

JOBS REPORT: U.S. Adds Robust 254,000 Jobs And Unemployment Dips To 4.1%
2 months, 2 weeks ago

JOBS REPORT: U.S. Adds Robust 254,000 Jobs And Unemployment Dips To 4.1%

Huff Post  

LOADING ERROR LOADING WASHINGTON — America’s employers added a surprisingly strong 254,000 jobs in September, easing concerns about a weakening labor market and suggesting that the pace of hiring is still solid enough to support a growing economy. Payroll employment rises by 254,000 in September; unemployment rate changes little at 4.1% #JobsReport #BLSdata https://t.co/ZwrVfLviqL — BLS-Labor Statistics October 4, 2024 …

Trump’s promises would spike inflation and wipe out jobs, study finds
2 months, 4 weeks ago

Trump’s promises would spike inflation and wipe out jobs, study finds

CNN  

CNN — Former President Donald Trump has promised to attack the United States affordability crisis by imposing immense tariffs, carrying out unprecedented deportations and even influencing interest rate decisions. A loss of Fed independence would cause “permanently higher inflation” that “leads to ever-increasing prices across the US economy,” the paper said. At an event in Michigan last week, Trump praised …

US hiring fell sharply in July, an unexpected setback for the economy stoking recession fears
4 months, 3 weeks ago

US hiring fell sharply in July, an unexpected setback for the economy stoking recession fears

Associated Press  

WASHINGTON — The U.S. economy suffered an unexpected setback in July as hiring fell sharply and the unemployment rate rose for the fourth straight month with raised interest rates taking a toll on businesses and households. The unemployment rate’s jump to 4.3% in July crossed a tripwire that historically has signaled recession — though economists say the gauge probably is …

Unemployment rises again in July, reviving worries of a recession
4 months, 3 weeks ago

Unemployment rises again in July, reviving worries of a recession

LA Times  

People visit the California Employment Development Department office in Sacramento. U.S. job growth slowed sharply last month and the unemployment rate rose to a nearly three-year high of 4.3%, the latest sign of a cooling labor market, the government reported Friday. Employers added 114,000 jobs in July, well below economists’ projections and down from an average monthly gain of 215,000 …

Harris will carry Biden’s economic record into the election. She hopes to turn it into an asset
4 months, 3 weeks ago

Harris will carry Biden’s economic record into the election. She hopes to turn it into an asset

Associated Press  

WASHINGTON — A key question is looming for Vice President Kamala Harris as she edges closer to gaining the Democratic presidential nomination: Can she turn the Biden-Harris economic record into a political advantage in a way that President Joe Biden failed to do? Chris Jackson, head of polling at Ipsos Public Affairs, said he blames the cumulative jump in average …

Biden economy: The labor market has more than compensated for inflation.
4 months, 4 weeks ago

Biden economy: The labor market has more than compensated for inflation.

Slate  

Joe Biden restored full employment as the bedrock economic commitment of the Democratic Party. Until Biden’s presidency, American full employment—the economic situation when everyone who wants a job actually has a job—was essentially a historical phenomenon confined to the 30 years between the opening of World War II and the close of the 1960s, with fleeting spells of caveated grace …

US labour market generates 206,000 jobs in June, unemployment rate increases to 4.1%
5 months, 2 weeks ago

US labour market generates 206,000 jobs in June, unemployment rate increases to 4.1%

Hindustan Times  

The United States added 206,000 jobs in June, which was less than the previous month but still more than predicted. The US unemployment rate increased slightly from 4% to 4.1 percent, according to the Bureau of Labor Statistics' report released on Friday. According to the Bureau of Labor Statistics' report released on Friday, the US unemployment rate increased slightly from …

‘Voters Are Queasy or Sour About the Economy’: Wall Street Week
5 months, 3 weeks ago

‘Voters Are Queasy or Sour About the Economy’: Wall Street Week

Bloomberg  

Welcome to the Wall Street Week newsletter, where the best minds on Global Wall Street give you some investing food for thought from our conversations on Bloomberg Television. I’m David Westin, and this week we talked with Roger Altman of Evercore about the economic choice in November’s US election, with Ray McGuire of Lazard about the need on the horizon …

Growth, inflation, jobs: Biden and Trump’s economic records compared
5 months, 3 weeks ago

Growth, inflation, jobs: Biden and Trump’s economic records compared

Al Jazeera  

US voters view the economy as their number one priority ahead of November’s presidential election. United States President Joe Biden and former US President Donald Trump’s first debate of the 2024 campaign has refocused attention on their respective economic records in office. Inflation Biden’s tenure has been marked by far higher inflation compared with Trump’s – although many of the …

Opinion: Trump's claims about the economy in the debate will be lies
5 months, 3 weeks ago

Opinion: Trump's claims about the economy in the debate will be lies

LA Times  

Expect the economy to be debated by President Biden and former President Trump on Thursday. Spoiler alert: “Bottom line, in their totality, Biden’s policies are better for the economy than Trump’s,” Moody’s chief economist Mark M. Zandi told me. Moody’s projects that after Trump’s recession, the economy would return to growth late in his second term, for average annual growth …

Biden’s team asks CEOs how to further boost the economy while Trump says business is on his side
6 months, 1 week ago

Biden’s team asks CEOs how to further boost the economy while Trump says business is on his side

Associated Press  

WASHINGTON — On the campaign trail, President Joe Biden likes to take a hard thwack at corporate America. The Democrat tells voters that companies should pay more in taxes and he blames many businesses for fueling higher prices by stoking “greedflation” and “shrinkflation.” But for the past several months, top Biden administration officials have also stepped up their outreach to …

Biden polls: Inflation is not the president’s problem.
6 months, 1 week ago

Biden polls: Inflation is not the president’s problem.

Slate  

In January of 1980, Jimmy Carter had been in office for three years, and the economy was terrible. Biden isn’t just clearing the low bar set by the Carter administration, he’s besting every other leader in the developed world, with the United States enjoying stronger wages, lower inflation, and better job growth than any nation in the G7, and its …

US inflation eased last month in the first slowdown of 2024
7 months, 1 week ago

US inflation eased last month in the first slowdown of 2024

Associated Press  

WASHINGTON — Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team. Instead, he stressed that the Fed’s policymakers need “greater confidence” that inflation is falling to their 2% …

US employers scaled back hiring in April. How that could let the Fed cut interest rates
7 months, 3 weeks ago

US employers scaled back hiring in April. How that could let the Fed cut interest rates

Associated Press  

WASHINGTON — The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market. Even with the April hiring slowdown, last month’s job growth amounted to a solid increase, though it was the lowest monthly gain since …

Fox host vexed by Biden’s good job numbers finds a solution – give the credit to Trump
8 months, 2 weeks ago

Fox host vexed by Biden’s good job numbers finds a solution – give the credit to Trump

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Fox Business host Maria Bartiromo risked ridicule on her own …

Will the US unemployment rate continue at historic lows?
8 months, 2 weeks ago

Will the US unemployment rate continue at historic lows?

Al Jazeera  

US job growth has continued at a steady clip in the months since the COVID-19 pandemic, but experts are looking for warning signs. All eyes will be on Friday’s US unemployment numbers to see how many jobs were added in March and whether the unemployment rate continues to stay in its historically low range or if it is time for …

Biden touts economic 'comeback' in election-year pitch to skeptical voters
9 months, 2 weeks ago

Biden touts economic 'comeback' in election-year pitch to skeptical voters

NPR  

Biden touts economic 'comeback' in election-year pitch to skeptical voters Enlarge this image toggle caption Shawn Thew/Pool/AFP via Getty Images Shawn Thew/Pool/AFP via Getty Images President Biden used his State of the Union address Thursday to highlight economic progress, eight months ahead of an election which will test voters' confidence in his economic stewardship. Polls show many voters disapprove of …

Column: Voters are finally noticing that Bidenomics is working
10 months, 2 weeks ago

Column: Voters are finally noticing that Bidenomics is working

LA Times  

The turning point in Americans’ perception of the economy — that despite months of doom-colored predictions of a looming recession — may have occurred on Jan. 25. That was the day that Fox Business economic commentator Larry Kudlow, a former official in the Trump White House and consistent dispenser of grim economic predictions during President Biden’s term, went on Fox’s …

Jobs are hot, the economy is doing well. So why are people still sour on Joe Biden?
10 months, 3 weeks ago

Jobs are hot, the economy is doing well. So why are people still sour on Joe Biden?

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} President …

The US didn’t just avoid a recession — it’s adding hundreds of thousands of new jobs
10 months, 3 weeks ago

The US didn’t just avoid a recession — it’s adding hundreds of thousands of new jobs

Associated Press  

WASHINGTON — The nation’s employers delivered a stunning burst of hiring to begin 2024, adding 353,000 jobs in January in the latest sign of the economy’s continuing ability to shrug off the highest interest rates in two decades. ‘’ This week, the Fed took note of the economy’s durability, with Chair Jerome Powell saying “the economy is performing well, the …

The U.S. didn’t just avoid a recession — it’s adding hundreds of thousands of new jobs
10 months, 3 weeks ago

The U.S. didn’t just avoid a recession — it’s adding hundreds of thousands of new jobs

LA Times  

A worker from Portland General Electric replaces a power line as crews work to restore power after a January storm in Oregon. “Today, we saw more proof, with another month of strong wage gains and employment gains of over 350,000 in January, continuing the strong growth from last year.” Business What rising immigration really means for California’s economy New data …

US job openings rose in December, pointing to a still-durable labor market
10 months, 3 weeks ago

US job openings rose in December, pointing to a still-durable labor market

Associated Press  

WASHINGTON — America’s employers posted 9 million job openings in December, an increase from November and another sign that the U.S. job market remains resilient despite the headwind of higher interest rates. The U.S. economy and job market have remained surprisingly durable despite sharply higher interest rates, which have led to higher borrowing rates for consumers and businesses. Higher rates …

Opinion: Economists see a 'spectacular' economy. Most voters don't. Can Biden turn that around?
10 months, 3 weeks ago

Opinion: Economists see a 'spectacular' economy. Most voters don't. Can Biden turn that around?

LA Times  

If President Biden’s reelection hinged on the state of the economy, he’d be a good bet, or at least a better one. We journalists have to do better: Stop letting South Carolina Sen. Tim Scott, for instance, get away unchecked with saying Biden “has destroyed our economy,” as happened on a recent Sunday talk show. Responding to Biden’s celebratory statement …

Biden lauds solid 2023 growth as reelection bid gains pace
10 months, 4 weeks ago

Biden lauds solid 2023 growth as reelection bid gains pace

Hindustan Times  

US President Joe Biden and his Treasury chief touted the country's robust 2023 economic performance Thursday, with stronger than expected growth offering a boost as the Democratic incumbent revs up his reelection campaign. The latest GDP data strengthens optimism that America is achieving a "soft landing," where inflation comes down on higher interest rates, without triggering a recession. The fourth …

Yellen says current US economic growth 'vindicates' Biden's COVID-19 pandemic stimulus spending
11 months ago

Yellen says current US economic growth 'vindicates' Biden's COVID-19 pandemic stimulus spending

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Yellen says current US economic growth ‘vindicates’ Biden’s COVID-19 pandemic stimulus spending
11 months ago

Yellen says current US economic growth ‘vindicates’ Biden’s COVID-19 pandemic stimulus spending

Associated Press  

WASHINGTON — Treasury Secretary Janet Yellen is pushing back against Republican criticism of the Democrats’ big coronavirus pandemic response package and making an election-year pitch that the current state of the U.S. economy “vindicates” the steps taken in 2021 to “get our economy back on track.” With falling inflation, unemployment at 3.7% and the U.S. apparently defying predictions of a …

Slowing inflation suggests that Biden’s policies are helping, but American voters are still hurting
11 months, 1 week ago

Slowing inflation suggests that Biden’s policies are helping, but American voters are still hurting

Associated Press  

WASHINGTON — President Joe Biden can make an increasingly strong case that he’s helped fix inflation — if only he can get voters to believe him. Leading GOP lawmakers such as Rep. Jason Smith of Missouri, chairman of the House Ways and Means Committee, greeted the latest inflation numbers as evidence that voters are still suffering from high prices: “President …

Biden sells economic strength, but voters aren't buying yet
11 months, 1 week ago

Biden sells economic strength, but voters aren't buying yet

The Hindu  

U.S. President Joe Biden has good news to sell on the economy as he seeks reelection in November but voters don't seem to be buying it. With the political wisdom saying that US elections are won on "the economy, stupid" -- as the 1992 Bill Clinton campaign famously said -- Mr. Biden could have been forgiven for thinking the economy …

Trump says he hopes the US economy crashes this year for his own benefit
11 months, 2 weeks ago

Trump says he hopes the US economy crashes this year for his own benefit

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “What we’re seeing now I think we can describe as a soft landing, and …

US employers add a surprisingly strong 216,000 jobs in a sign of continued economic strength
11 months, 2 weeks ago

US employers add a surprisingly strong 216,000 jobs in a sign of continued economic strength

Associated Press  

WASHINGTON — The nation’s employers added a robust 216,000 jobs last month, the latest sign that the American labor market remains resilient even in the face of sharply higher interest rates. Asked why many Americans remain dissatisfied by the economy, Acting Labor Secretary Julie Su said Friday that “part of the unfortunate reality is we live in polarized times.’’ Many …

Weekly US unemployment claims rise slightly but job market remains strong as inflation eases
1 year ago

Weekly US unemployment claims rise slightly but job market remains strong as inflation eases

Associated Press  

WASHINGTON — The number of Americans applying for unemployment benefits rose slightly last week but still remained at historically low levels despite high interest rates intended to slow hiring and cool the economy. The Federal Reserve began raising interest rates last year to combat the inflation that surged as the result of an unexpectedly strong economic rebound from the COVID-19 …

Biden goes into 2024 with the economy getting stronger, but voters feel horrible about it
1 year ago

Biden goes into 2024 with the economy getting stronger, but voters feel horrible about it

Associated Press  

WASHINGTON — President Joe Biden goes into next year’s election with a vexing challenge: Just as the U.S. economy is getting stronger, people are still feeling horrible about it. “Things are getting better and people think things are going to get worse — and that’s the most dangerous piece of this,” said Democratic pollster Celinda Lake, who has worked with …

U.S. employers add a solid 199,000 jobs and unemployment falls, signaling a still-sturdy labor market
1 year ago

U.S. employers add a solid 199,000 jobs and unemployment falls, signaling a still-sturdy labor market

LA Times  

Mechanic David Stoliaruk works on the engine of a car at IC Auto in Philadelphia on May 2. The nation’s employers added a solid 199,000 jobs last month and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing,” in which inflation would return to the Federal Reserve’s 2% target without causing a steep recession. …

Economists predict US inflation will keep cooling and the economy can avoid a recession
1 year ago

Economists predict US inflation will keep cooling and the economy can avoid a recession

Associated Press  

NEW YORK — Most business economists think the U.S. economy could avoid a recession next year, even if the job market ends up weakening under the weight of high interest rates, according to a survey released Monday. Most of the surveyed economists expect inflation to continue to slow in 2024, though many say it may not get all the way …

Why Americans feel gloomy about the economy despite falling inflation and low unemployment
1 year, 1 month ago

Why Americans feel gloomy about the economy despite falling inflation and low unemployment

Associated Press  

WASHINGTON — Inflation has reached its lowest point in 2 1/2 years. “Their purchasing power overall,” Edelberg said, “is doing pretty well.” Yet broad national data doesn’t capture the experiences of everyday Americans, many of whom haven’t seen their wages keep up with prices. “At the lower end of the income distribution, people got somewhat higher pay raises,” said Anthony …

U.S. employers pulled back on hiring in October, adding 150,000 jobs
1 year, 1 month ago

U.S. employers pulled back on hiring in October, adding 150,000 jobs

LA Times  

Workers pour concrete to create part of a bus stop in the Manhattan borough of New York City on Oct. 12. The nation’s employers slowed their hiring in October, adding a modest but still decent 150,000 jobs, a sign that the labor market may be cooling but remains resilient despite high interest rates that have made borrowing much costlier for …

US labor market added 336,000 jobs in September - DOUBLE analysts' predictions - sending markets plunging as investors fear more Fed rate hikes for overheated economy
1 year, 2 months ago

US labor market added 336,000 jobs in September - DOUBLE analysts' predictions - sending markets plunging as investors fear more Fed rate hikes for overheated economy

Daily Mail  

Despite the job gains, wage growth was down and unemployment steady September's labor report showed a sharp uptick in new jobs, heating up the Fed's battle to curb inflation. The US economy added 336,000 jobs last month, nearly twice economists' expectations of 170,000, and the largest jump since January, the U.S. Bureau of Labor Statistics reported. Following Friday's report, markets …

Here’s why the shockingly good jobs report is going to cost you
1 year, 2 months ago

Here’s why the shockingly good jobs report is going to cost you

CNN  

New York CNN — The US economy feels lousy for so many people. So you’d think some really, really, shockingly good news about the job market would give Americans’ spirits a boost. When you see gas prices at $3.75 on average, mortgage rates above 7% and at a 23-year high, food prices going up at the grocery store, and a …

Biden slams Trump on economic record, unemployment in Pennsylvania speech
1 year, 3 months ago

Biden slams Trump on economic record, unemployment in Pennsylvania speech

India Today  

US President Joe Biden on Monday took shots at his likely 2024 rival, Donald Trump, in a Labour Day speech aimed at shoring up support in Pennsylvania, a state he needs to win next year to retain the White House. A self-described champion of labour unions, Biden addressed union workers in Philadelphia as he sought to explain his economic policies …

Biden hits out at Trump in Labor Day speech focused on US jobs, economy
1 year, 3 months ago

Biden hits out at Trump in Labor Day speech focused on US jobs, economy

Al Jazeera  

US president takes repeated shots at his predecessor’s economic record as 2024 election campaign begins to heat up. US President Joe Biden has hit out at the economic policies of his predecessor and likely 2024 election challenger Donald Trump, noting that the United States lost jobs under the former Republican president’s tenure. In a speech in Philadelphia to mark the …

US employers added a solid 187,000 jobs in August in sign of a still-resilient labor market
1 year, 3 months ago

US employers added a solid 187,000 jobs in August in sign of a still-resilient labor market

Associated Press  

WASHINGTON — America’s employers added 187,000 jobs in August, evidence of a slowing but still-resilient labor market despite the high interest rates the Federal Reserve has imposed. Last month’s job growth marked an increase from July’s revised gain of 157,000 but still pointed to a moderating pace of hiring compared with the sizzling gains of last year and earlier this …

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