FHN Financial chief economist takes a closer look at consumer confidence falling for the second straight month on 'Making Money.'slowed sharply in November, evidence that the historically hot labor market is finally starting to cool off, according to the ADP National Employment Report released Wednesday morning.
The weaker-than-expected report comes as the Federal Reserve wages the most aggressive fight since the 1980s to crush inflation and slow the labor market with a series of rapid interest rate increases. A large"Now Hiring" posting on the windows of the Advance Auto Parts store in Bay Shore, New York on March 24, 2022.
The biggest losses, meanwhile, were in the manufacturing industry, which saw payrolls decline by 100,000. Professional and business services lost 77,000 jobs, and financial activities shed 34,000.
Where is Stuart? Week 2!
can you please report the news acurately ! these are jobs added back from the pandemic ! I want the real job numbers what new jobs had been added existing jobs that were added due to the pandemic shouldnt count!
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