The latest jobs report shows that job growth slowed in the month of October, coming in under economists’ expectations, while the unemployment rate was unchanged.
Concerns of an impending recession are noticeably affecting the U.S. stock market, as a majority of stocks have had large sell-offs.
It’s no secret that the majority of American citizens are not happy with President Joe Biden’s economy, as prices have increased by nearly 20% since 2021. The Pew Research Center also revealed that only 23% of Americans view Biden’s economy as “excellent or good.”
Wall Street’s main indexes crept higher in volatile trading on Monday as shares of Tesla and Apple advanced.
U.S. stocks recorded weekly losses on Friday as traders scaled back expectations on the timing of rate cuts.
The July monthly jobs report is out, showing that U.S. employers added 187,000 jobs. The unemployment rate also decreased from 3.6% to 3.5%.
The president of the Job Creators Network, Alfredo Ortiz, says the strong employment number in the latest jobs report may not be what it appears
The monthly jobs report for March is out, showing U.S. employers added 236,000 jobs last month, which is good, but slightly below expectations, and the unemployment rate decreased from 3.6% to 3.5%.
President Joe Biden spoke to the Democratic National Committee on Friday afternoon in Philadelphia after a surprisingly strong jobs report.
A stronger than expected jobs report today. The U.S economy added 517,000 jobs last month.