Biden hopes strong job market means soft landing for economy

  • 📰 AP
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

President Joe Biden is hoping that the surprisingly strong jobs market can help avert a recession. But a lot of things could get in the way, and the economy could stumble.

FILE - President Joe Biden speaks during a meeting with his "Investing in America Cabinet," in the Roosevelt Room of the White House, Friday, May 5, 2023, in Washington. For Biden, the past few days have raised hopes that the U.S. economy can stick a soft landing—possibly avoiding a recession as the 2024 election nears. Most U.S. adults have downbeat feelings about Biden's economic leadership, as high inflation has overshadowed a strong jobs market.

WASHINGTON — For President Joe Biden, the past few days have raised hopes that the U.S. economy can stick a soft landing—possibly avoiding a recession as the 2024 election nears.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines