Why the U.S. job market has defied rising rates and expectations of high unemployment
The unemployment rate has scarcely budged since the Fed began a series of 11 rate hikes
Source: investmentexecutive.com
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Why U.S. job market has defied rising interest rates and expectations of high unemployment
Last year's spike in inflation, to the highest level in four decades, was painful enough for American households. Yet the cure — much higher interest rates, to cool spending and hiring — was expected to bring even more pain. Grim forecasts from economists had predicted that as the Federal Reserve…
Source: japantoday.com
Why the US job market has defied rising interest rates and expectations of high unemployment
The unemployment rate, at a still-low 3.8%, has scarcely budged since March 2022, when the Fed began imposing a series of 11 rate hikes at the fastest pace in decades.
Source: elpais.com
Jay Starkman
Jay Starkman is an Atlanta CPA and author of "The Sex of a Hippopotamus: A Unique History of Taxes and Accounting.
Source: accountingtoday.com
The Daily Money: Tax help and the cost of going back to the office
Today's top stories from USA TODAY Money.
Source: usatoday.com