Similar Stories to 'the Economy Is Manic.' Strong Job Gains Overshadowed By Inflation on Bing News

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

Topics:  economy   gains   inflation   
BING NEWS:
  • US labor market remains strong; housing market losing momentum
    The number of Americans filing new claims for unemployment benefits fell last week, pointing to underlying strength in the labor market that should continue to support the economy.
    05/23/2024 - 4:21 am | View Link
  • Strong spending is obscuring an economy that isn’t working for many Americans
    larger interest burdens and softening job prospects,” said EY chief economist Gregory Daco in a note on Tuesday. While consumer balance sheets are still holding strong in aggregate — the US ...
    05/22/2024 - 12:36 am | View Link
  • New grads may have a harder time landing their dream job, despite a strong labor market — here's why
    The U.S. economy just notched another month of job gains, and although the unemployment rate edged up to 3.9%, "the streak below 4% has continued for 27 consecutive months," said Mark Hamrick, ...
    05/9/2024 - 3:05 am | View Link
  • The U.S. economy is headed for a hard landing, and Fed rate cuts won’t be enough to rescue it, Citi says
    The latest employment cost index rose more than expected, suggesting a strong job market. Meanwhile, the first-quarter GDP report showed growth cooled more sharply than anticipated. But that was ...
    05/5/2024 - 7:21 am | View Link
  • The US economy added just 175,000 jobs last month and unemployment rose to 3.9%
    The inflation data kept coming in hot, spending remained strong, pay growth didn’t ease as expected, and job gains outpaced what was seen in 2023. But there were indications that a cooldown was ...
    05/3/2024 - 10:55 am | View Link
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