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
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: DallasBizNews - 🏆 525. / 51 Read more »
Source: phxbizjournal - 🏆 254. / 63 Read more »