Employers hired rapidly and paid more in July, suggesting the Federal Reserve may have to remain aggressive in its effort to cool the economy.
Tag: Recession and Depression
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With Surge in July, U.S. Recovers the Jobs Lost in the Pandemic
The increase of 528,000 outstripped expectations, and the gains were spread widely across industries. The jobless rate fell to 3.5 percent.
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July Jobs Report Suggests Biden Is Right about a Recession
But the unexpectedly strong employment growth reported for July also appeared to contradict forecasts that the economy was cooling off.
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Lessons From the ’80s, When Paul Volcker Reigned and Rates Were High
When inflation was soaring 40 years ago and the economy slowed, short-term investing was perilous. But people with patience and long horizons came out fine.
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We Can’t Let Bad Vibes Lead Us to a Recession
When we think about things like inflation and monetary policy, it’s best to frame them through people. And people are, of course, silly and messy.