Gonna necro this thread to talk about the current jobs report. The economy added 517,000 jobs from an expected 185,000. Which is remarkable. And:
This in spite of so many warnings in the media about impending recession after all the fed rate hikes.
Right now, the economy is cooking. With luck, it will continue to do so at least up through the end of 2024.
Oh, and the stock market has gone way down so far today as Wall Street worries there will be another fed rate hike due to this jobs report. Which sounds a lot like a conflict of interest between Wall Street and Main Street.
The US job market is expected to have remained strong in January, adding 185,000 jobs. That's about on par with America's average monthly job growth over the past decade, but it would represent a slowdown from the strong post-pandemic gains of the past couple years.
www.cnn.com