U.S. employers are hiring briskly even in face of rate hikes
America's employers kept hiring vigorously in October, adding 261,000 positions, a sign that as Election Day nears, the economy remains a picture of solid job growth and painful inflation.
Stay updated with breaking news from Jonathan Pingle. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
America's employers kept hiring vigorously in October, adding 261,000 positions, a sign that as Election Day nears, the economy remains a picture of solid job growth and painful inflation.
The October jobs figures were the last major economic report before Election Day, with voters keenly focused on the state of the economy
While the national jobs market is still robust, some slowing could be evidence that the Fed’s strategy to quell record inflation is starting to work.
A string of jumbo-sized 75 basis-point interest-rate increases, which the Fed signals it will continue in November, means officials are not waiting to see the effect of their action before acting again.
US consumers and businesses don't always see eye to eye. But when it comes to inflation, all Americans seem to agree that sky-high prices are the bigg