BBC on Nostr: Why this US jobs report matters - and what to watch ========== The US Labor ...
Why this US jobs report matters - and what to watch
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The US Labor Department will release its monthly jobs report on Friday at 08:30 ET; the unemployment rate was reported at 4.3% in July, up from 3.5% a year earlier; the report is crucial as the US presidential campaign is underway with the economy as a top concern; a rise in unemployment could undermine Democrats' narrative of a healthy economy; the Federal Reserve raised borrowing costs to 5.3% to control inflation, which has dropped to 2.9%; analysts expect a potential interest rate cut of 0.25 percentage points; the outcome of the jobs report could influence the timing and size of interest rate cuts and voter sentiment ahead of the November election.
#UsEconomy #JobsReport #Unemployment #FederalReserve #InterestRates #2024Election #Inflation #Democrats #Republicans #EconomicOutlook
https://www.bbc.com/news/articles/clyne60ln20o
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The US Labor Department will release its monthly jobs report on Friday at 08:30 ET; the unemployment rate was reported at 4.3% in July, up from 3.5% a year earlier; the report is crucial as the US presidential campaign is underway with the economy as a top concern; a rise in unemployment could undermine Democrats' narrative of a healthy economy; the Federal Reserve raised borrowing costs to 5.3% to control inflation, which has dropped to 2.9%; analysts expect a potential interest rate cut of 0.25 percentage points; the outcome of the jobs report could influence the timing and size of interest rate cuts and voter sentiment ahead of the November election.
#UsEconomy #JobsReport #Unemployment #FederalReserve #InterestRates #2024Election #Inflation #Democrats #Republicans #EconomicOutlook
https://www.bbc.com/news/articles/clyne60ln20o