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U.S. job growth during much of the past year was weaker than previously projected by a little more than 300,000 jobs, according to new federal data released Wednesday.
To hear executives at some of America’s biggest retailers tell it, consumers are strained for cash and buying less stuff, in a troubling sign of a slowing economy. That’s only half true. The consumer appetite that kept the US economy afloat through the worst of the pandemic and beyond remains hearty — it’s just craving something new.
US job growth during much of the past year was weaker than previously projected by a little more than 300,000 jobs, according to new federal data released Wednesday.
Applications for unemployment benefits fell again last week as America's labor market continues to hum along despite attempts by the Federal Reserve to cool the economy and bring down inflation that's still higher than optimal. However other data shows the US created fewer jobs - more than 300,000 - than reported earlier. Here's a look at what's happening.
To hear executives at some of America’s biggest retailers tell it, consumers are strained for cash and buying less stuff, in a troubling sign of a slowing economy. That’s only half true. The consumer appetite that kept the US economy afloat through the worst of the pandemic and beyond remains hearty — it’s just craving something new.