Nothing in the Jobs Report Indicates the Fed Should Cut Rates: Labor Market Plugging Along Just Fine despite 5.5% Rates

And wages rose at a good clip too. It was the kind of jobs report we’d expect from an economy that is plugging along just fine, at growth rates that are above the long-run average, powered by drunken sailors all around: By consumers outspending inflation with gusto, especially on services, by the…#bls #censusbureau #censusbureaus #u1 #u3 #u5

Source: Reuters: Health - April 7, 2024 Category: Consumer Health News Source Type: news