Rural Radio Network on Nostr: Jobs report shows hiring surge as Fed weighs interest rate cut ========== U.S. hiring ...
Jobs report shows hiring surge as Fed weighs interest rate cut
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U.S. hiring surged by 227,000 jobs in November 2024, surpassing economist expectations of 214,000; unemployment rate rose to 4.2%, still historically low; October saw only 12,000 jobs added, the weakest since December 2020; disruptions from hurricanes and work stoppages affected October's data; U.S. GDP grew at 2.8% annualized rate for the three months ending in September 2024; inflation has eased from over 9% in June 2022 but remains above the Fed's 2% target; Federal Reserve expected to cut interest rates by 0.25% on December 18, 2024.
#JobsReport #UsEconomy #FederalReserve #InterestRates #Employment #Inflation #Gdp #LaborMarket #November2024 #EconomicGrowth
https://ruralradio.com/khyy/abc_news/jobs-report-shows-hiring-surge-as-fed-weighs-interest-rate-cut-abcid6a77e350/
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U.S. hiring surged by 227,000 jobs in November 2024, surpassing economist expectations of 214,000; unemployment rate rose to 4.2%, still historically low; October saw only 12,000 jobs added, the weakest since December 2020; disruptions from hurricanes and work stoppages affected October's data; U.S. GDP grew at 2.8% annualized rate for the three months ending in September 2024; inflation has eased from over 9% in June 2022 but remains above the Fed's 2% target; Federal Reserve expected to cut interest rates by 0.25% on December 18, 2024.
#JobsReport #UsEconomy #FederalReserve #InterestRates #Employment #Inflation #Gdp #LaborMarket #November2024 #EconomicGrowth
https://ruralradio.com/khyy/abc_news/jobs-report-shows-hiring-surge-as-fed-weighs-interest-rate-cut-abcid6a77e350/