Unemployment is historically low. Inflation, though, is wiping out gains. 'The economy is too overheated.'       

Topics:  economy   gains   inflation   
BING NEWS:
  • U.S. Job Growth Cools in April, Misses Economists' Forecasts as Wage Gains Taper
    In a shift that could ease pressure on the Federal Reserve to keep interest rates sky-high, April saw U.S. employers take a breather from their hiring frenzy adding a modest 175,000 jobs, a drop from ...
    05/5/2024 - 2:35 am | View Link
  • Jobs gains were decent in April. But here’s what Biden really has to worry about.
    See: Trump blames strong dollar for U.S. economy ‘going to hell’ Also: Trump suggests tariffs could go higher than 10%. Why one economist is calling it ‘bonkers.’ “Inflation has not been defeated; ...
    05/4/2024 - 7:30 am | View Link
  • The Fed Just Got the Job Market Cooling It Has Been Waiting For
    Wage growth and hiring slowed in April, prodding investors to slightly increase their bets on rate cuts this year.
    05/3/2024 - 6:38 am | View Link
  • U.S. hiring and wage growth slowed in April; health care and social services led gains
    The public sector, which accounted for much of the payroll increases in recent months, added just 8,000 positions in April. Employment was flat for local governments, which had been driving the public ...
    05/3/2024 - 6:31 am | View Link
  • Job Growth Slows in April as Unemployment Rises and Wage Growth Moderates
    T he long-awaited cooling in the labor market may have begun in April, as payrolls climbed by a weaker-than-expected 175,000, while the unemployment rate ticked up slightly to 3.9%. Wage growth also ...
    05/3/2024 - 1:53 am | View Link
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