VIDEO04:45 July’s jobs report was a ‘jaw-dropping’ number, says economist Austan Goolsbee Economists have figured job creation to begin to slow as the Federal Reserve raises interest rates to cool inflation running at its highest level in more than 40 years. The strong jobs number coupled ...
"The Higher Standard" BS Jobs Report, Bankruptcies, and Haroon Ends The Show (Podcast Episode 2023) - Movies, TV, Celebs, and more...
The July jobs report was unexpectedly weak, bringing the second-lowest monthly jobs gain this year, i.e., 114,000 jobs, according to the Bureau of Labor Statistics (BLS). In addition to underwhelming job gains, the unemployment rate, rising at a steady clip, is fueling economists’ ...
July's report "confirms that the resurgence in new virus cases caused the economic recovery to slow, but also underlines that it has not yet gone into reverse," said Andrew Hunter, senior U.S. economist at Capital Economics. "With new infections now trending clearly lower again and high-fre...
The retirement of museum president Emily Rafferty from the Metropolitan Museum of Art is announced, along with the departure of Ted Landsmark from the faculty of Boston Architectural College and the departure of commissioner Carol Galante from the Federal Housing Administration.EBSCO_bspArchitect...
President Joe Biden called the jobs report “strikingly good news” and asserted that his Republican critics were wrong in their warnings of continued high inflation and a coming recession and layoffs. “Our plan is working,” Biden said, “because of the grit and resolve of the American worker...
Hiring lost momentum in July as employers added 114,000 jobs, a far smaller number than economists had expected. The unemployment rate, meanwhile, jumped to 4.3%. CBS News senior business and technology correspondent Jo Ling Kent breaks down the numbers.Aug 2, 2024...
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government issues the August jobs report. Credit: AP/Michael Dwyer By The Associated PressUpdated September 1, 2023 Share WASHINGTON — America's employers added 187,000 jobs in August, evidence of a slowing but still-resilient labor market despite the high inter...
The recentrise in unemploymentwas a byproduct of monetary policymakers’ effort to curb inflation by hiking interest rates. The Federal Reserve raised thefederal funds rate11 times between March 2022 and July 2023. Now that inflation is consistently slowing, the Fed has taken steps to prevent unem...