The economy has added a healthy average of 248,000 jobs a month so far in 2024.
The American job market added more jobs than was forecast last month while unemployment rose higher than expected — a mixed result for investors who were hoping for
From the Fed’s perspective, a deceleration in hiring to a still-decent pace would be just about ideal.Food Network star blasts woke LA DA, vows to never open restaurant in Cali againDior, Armani's pricey handbags made by migrant workers who make $2 an hour, cost $57 to make: prosecutors “Eventually,” he said, “it’s going to bend, but not break. The slow bite of high interest rates is going to moderate job growth.’’Already, there are signs of an economic slowdown. The US gross domestic product — the total output of goods and services — grew at a lethargic annual pace of 1.4% from January through March, the slowest quarterly pace in nearly two years.
Still, while employers might not be hiring so aggressively after having struggled to fill jobs the past two years, they aren’t cutting many, either. Most workers are enjoying an unusual level of job security.
Economy Federal Reserve Inflation Interest Rates Jerome Powell Jobs Jobs Report Unemployment
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