Is the economy improving? Days before the midterms, no one has a good answer | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 95%

Business News News

Business Business Latest News,Business Business Headlines

As the US prepares for the midterms, a raft of conflicting headlines — layoffs at Big Tech, volatile stock markets, a central bank bringing the pain to tackle inflation — are muddying the answer to a simple question: Is the economy improving? | Analysis

Maybe. Maybe not. If you’re frustrated by that, you’re not alone. Job market just won’t budge On the jobs front, there’s great news for anyone looking for work. The US economy added 261,000 jobs in October, about 60,000 more than economists had expected. Unemployment remains at a historically low 3.7%, and there are nearly two open jobs for every one person looking.

Elon Musk began laying off employees across Twitter on Thursday; Lyft announced it was cutting 13% of its staff; and Microsoft and Amazon are freezing corporate hires. Of course, tech companies are not indicative of the broader labor market, economists warn. Many of them grew rapidly in the pandemic era, and are now scaling back as advertisers rethink spending and demand cools.

 

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

Spent too much money on Ukraine should focus our people and the homeless

I don't think it takes a genius to see that the economy is clearly not improving. My guess is it's only just begun.

You really just used the phrase “brining the pain” this isn’t a fucking game. These are peoples lives they are messing with.

CNN, the new Fox!

What’s muddying the waters is your lack of sophistication in detecting bs propagandist polls and fascistic programming. The GOP puts out bile and like Anchor man, you just read without thought or consciousness. It’s either a lack of sophistication or purposeful. CNN is dangerous

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:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines