Labor Market Still Stronger Than Economists Think: U.S. Added 263,000 New Jobs In November

Just days after Federal Reserve Chair Jerome Powell signaled a slowdown in the central bank’s aggressive economic tightening campaign, the job market posted a vastly stronger-than-expected report for last month—signaling employment, which has remained one of the economy’s strongest pillars during the pandemic recovery, may still not be cooling quickly enough to help ease the nation’s stubbornly high inflation....

Stocks fell immediately after the report, with the tech-heavy Nasdaq plunging 2.2% while the Dow Jones Industrial Average slipped 1.1%.After losing more than 20 million jobs at the height of pandemic uncertainty in the spring of 2020, the labor market forcefully led the economic recovery and has remained strong despite some sectors taking a hit as the Fed raises interest rates.

Probably 2nd or 3rd jobs like most of us have to due to this disaster of an administration & inflation

Liar Liar Pants on Fire

This will push up inflation and is bad. If the US has more required employment than we have people then business will have to pay more to hire those people and in doing so will have to raise prices to cover the increased cost. Biden bragging about numbers that are killing America

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Kuwait’s Oil Minister: OPEC+'s decisions based on oil market data and to ensure market stabilityFollowing a meeting where the OPEC and its allies (OPEC+) decided to continue its existing policy, Kuwait's Oil Minister Bader al Mulla said late Sund
Sumber: FXStreetNews - 🏆 14. / 72 Baca lebih lajut »

Asian Stock Market: China soars on easing Covid curbs, oil loses strengthMarkets in the Asian domain are displaying mixed responses as the risk impulse is turning precautionary ahead of US ISM Services PMI data. S&P500 futu
Sumber: FXStreetNews - 🏆 14. / 72 Baca lebih lajut »

Why the labor shortage is likely to continue in 2023 - Dallas Business JournalThere are just a small number of cracks in an otherwise strong market for employees. Experts say it will affect employers' hiring in 2023.
Sumber: DallasBizNews - 🏆 525. / 51 Baca lebih lajut »

Why the labor shortage is likely to continue in 2023 - Phoenix Business JournalThere are just a small number of cracks in an otherwise strong market for employees. Experts say it will affect employers' hiring in 2023.
Sumber: phxbizjournal - 🏆 254. / 63 Baca lebih lajut »