'Great news for the economy': Biden gloats about U.S. adding 223,000 jobs in December - despite hiring cooling to lowest point in two years, wage growth slowing and signs of interest rates gripping labor market
[Daily Mail, where America gets its news] - The unemployment rate dropped to 3.5 percent from 3.6 percent
- Economists had predicted the U.S would add 200,000 jobs in December
- The strength comes as the Fed tries to slow growth to battle inflation
- Wage growth was lower than expected
- The Fed raised its benchmark rate by 4.25 per cent last year
Posted by: Skidmark 2023-01-07 |