U.S. Hiring Continues at Robust Pace, Complicating Fed’s Path
12/2/22
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from The New York Times,
12/2/22:
U.S. employers added 263,000 jobs in November, the latest sign of the economy’s strength.
The labor market showed resilience despite efforts by the Federal Reserve to cool the economy, stoking fears about higher inflation.
- U.S. employers added 263,000 jobs in November, the latest sign of the economy’s strength.
- Jobs data reflects a consumer shift from goods to services.
- Robust hiring defies the Fed’s hope for a job market cool-down.
- The Biden economy keeps churning out jobs.
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