US recession worries aren’t dead. But they may have passed into a coma at 8:30 am ET on Friday. That’s when the Labor Department released its latest jobs report, which indicated employers are hiring virtually all the workers they can find — 339,000 in May alone. The report brought a sigh of relief from many economists. There have been a number of recession alarm bells ringing in recent weeks.
“It’s still possible that the case of avoiding a recession is, in my view, more likely than that of having a recession. The case of having a recession, I don’t rule that out either: It’s possible that we will have what I hope would be a mild recession.” What’s clear is that consumers are continuing to spend money. Maybe they’re not spending as much money at Target or Costco as those stores would like, but it’s partly because they’re spending it elsewhere.
Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
JPMorgan is closing 25% of First Republic's branches | CNN BusinessJPMorgan Chase is pulling the plug on 21 branches acquired during its takeover of failed regional bank First Republic.
Bron: CNN - 🏆 4. / 95 Lees verder »
US mortgage rates climb to their highest level since November | CNN BusinessUS mortgage rates jumped higher last week as uncertainty about the debt ceiling standoff sent bond yields rising.
Bron: CNN - 🏆 4. / 95 Lees verder »
Dollar General's cash-strapped customers are turning to food banks, CEO says | CNN BusinessDollar General’s stock just had one of its worst days ever on Wall Street. The results point to a troubling reality for the nation’s consumer-dependent economy.
Bron: CNN - 🏆 4. / 95 Lees verder »
In desperate bid for cash, the Treasury is auctioning one-day bills | CNN BusinessFor the first time since 2007, the Treasury Department is auctioning bills that mature in one day. The department is set to auction $15 billion worth of one-day cash management bills on Friday that will be issued on June 5.
Bron: CNN - 🏆 4. / 95 Lees verder »
Meta asks office workers to return to in-person work | CNN BusinessMeta will ask employees who are assigned to an office to return for 3 days per week, joining Amazon, Apple, Disney and other major companies that have all revised their work-from-home policies this year.
Bron: CNN - 🏆 4. / 95 Lees verder »
The US economy added 339,000 jobs last month, soaring past expectations — again | CNN BusinessThe US economy added 339,000 jobs last month, soaring past expectations — again
Bron: CNN - 🏆 4. / 95 Lees verder »