Thursday , September 28 2023
economy jobs report 53960

U.S. employers added a solid 187,000 jobs in August in sign of a still-resilient labor market

The Fed wants to see hiring slow because intense demand for labor tends to inflate wages and feed inflation. The central bank hopes to achieve a rare “soft landing,” in which its rate hikes would manage to slow hiring, borrowing and spending enough to curb high inflation without causing a deep recession.

Optimism about a soft landing has been growing. The economy, though growing more slowly than it did in the boom that followed the pandemic recession of 2020, has defied the squeeze of increasingly high borrowing costs. The gross domestic product — the economy’s total output of…

Read more on politico

About bourbiza mohamed

Check Also


Biden’s approval rating for the economy remains at about a third, poll finds

In recent months, the Biden administration has hit hard the president’s economic policy, known as …

Leave a Reply

Your email address will not be published. Required fields are marked *