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The American Health Care Association and other groups representing nursing homes have filed a lawsuit against the Department of Health and Human Services to block staffing mandates. The lawsuit was brought in federal court in the Northern District of Texas on Thursday by the American Health Care Association, the Texas Health Care Association, Arbrook Plaza, Booker Hospital ....
Catherine Falls Commercial/Getty Images(NEW YORK) A worse-than-expected jobs report on Friday offered the latest evidence of an economic slowdown that could help ease inflation and trigger interest rate cuts. The trend, however, threatens to downshift the nation’s brisk economic growth.Employers hired 175,000 workers last month, falling short of economist expectations of 240,000 jobs, U.S. Bureau of Labor Statistics data showed. The unemployment rate ticked up to 3.9%, which remains near a 50-year low.The hiring in April marked a steep slowdown from the previous month and delivered the lowest monthly reading so far this year.Economists who spoke to ABC News characterized the fresh data as a mild cooldown that may ease fears of stubborn inflation fueled by an economy running too hot.The slowdown, they added, could help allow the Federal Reserve to cut interest rates this year without worrying about triggering a rebound of rapid price increases.“This is the jobs report the Fed woul ....
Catherine Falls Commercial/Getty Images(NEW YORK) A worse-than-expected jobs report on Friday offered the latest evidence of an economic slowdown that could help ease inflation and trigger interest rate cuts. The trend, however, threatens to downshift the nation’s brisk economic growth.Employers hired 175,000 workers last month, falling short of economist expectations of 240,000 jobs, U.S. Bureau of Labor Statistics data showed. The unemployment rate ticked up to 3.9%, which remains near a 50-year low.The hiring in April marked a steep slowdown from the previous month and delivered the lowest monthly reading so far this year.Economists who spoke to ABC News characterized the fresh data as a mild cooldown that may ease fears of stubborn inflation fueled by an economy running too hot.The slowdown, they added, could help allow the Federal Reserve to cut interest rates this year without worrying about triggering a rebound of rapid price increases.“This is the jobs report the Fed woul ....
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