The Associated Press reports, US hiring jumped last month. So did unemployment. Here’s what that says about the economy: The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of enduring strength in an economy that the Federal Reserve is desperately trying to cool. Friday’s report … Read more
CNBC reports Job growth totals 253,000 in April, beating expectations even as the U.S. economy slows: Job growth fared better than expected in April despite bank turmoil and a decelerating economy, the Labor Department reported Friday. Nonfarm payrolls increased 253,000 for the month, beating Wall Street estimates for growth of 180,000, according to the Bureau … Read more
While Federal Reserve Board Chairman Jerome Powell is busy trying to crash the economy and to cause a recession to satisfy the banksters of Wall Street who would like nothing better than high unemployment if it meant they can pay less interest on the borrowed money they live on, the top-line jobs creation number remained … Read more
Wall Street and corporate media are rooting for the Federal Reserve to cause a big spike in unemployment and even trigger a recession as the only means to tamping down inflation. Corporate media rarely reports on how more than half the rate of inflation is due to corporate price gouging to increase profits, make stock … Read more
The U.S. hit post-pandemic “peak inflation” in June 2022, and the rate of inflation has been steadily coming down on the backend of the inflation peak. If this steady decline continues at the present rate, by this time next year the rate of inflation will have declined close to the FED’s target rate of inflation … Read more