America’s employers added a robust 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve’s aggressive drive to slow growth and tame inflation with higher interest rates.
Us Added A Strong 517,000 Jobs In January Despite Fed Hikes
Paul Wiseman, Chicago Tribune: Business
Fri, 02/03/2023 - 6:40am
BING NEWS:
- The number of Americans applying for jobless benefits holds steady as labor market remains strong
The number of Americans filing for jobless benefits didn’t change last week as the labor market continues to defy efforts by the Federal Reserve to cool hiring. The Labor Department reported ...
04/18/2024 - 1:51 am | View Link - Government hiring spree propping up the US job market
State and local governments are on a hiring spree to fill high-turnover positions, which is keeping the job market afloat, Labor Department data shows.
04/17/2024 - 1:40 am | View Link - Strong Employment Data Might Not Reflect the Job Market's Reality
Since 1980, the U.S. economy has shifted from a manufacturing-based economy to a service-oriented one. The reason is that the “cost of labor” in the U.S. to manufacture goods is too high. Domestic ...
04/11/2024 - 11:21 pm | View Link - 'Not A Good Omen For Future,' Says Cathie Wood As Economists Point To Worrisome Trends In Seemingly Strong Jobs Data
The Federal Reserve's stance against a rate cut is partly based on the perceived strength of the economy, supported by a robust labor market and resilient consumers.
04/7/2024 - 9:23 pm | View Link - U.S. Employers Added Robust 303,000 Jobs In March In Sign Of Economic Strength
Friday’s report from the Labor Department also showed that the unemployment rate dipped to 3.8% from 3.9% in February.
04/5/2024 - 8:05 am | View Link - More
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