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Career

Jobs Data Threatens Wall Streets Recession Trade [Video]

The S&P 500s 13% rebound since June has reflected investors bet that inflation will ease

Categories
Career

July jobs report: Massive surprise as US economy adds 528,000jobs [Video]

Minneapolis (CNN Business)The US economy has now regained all jobs lost during the pandemic, after a blowout July jobs report that showed a gain of 528,000 jobs, according to data released Friday by the Bureau of Labor Statistics.

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Career

Good news on jobs overshadowed for millions of Americans by soaring inflation [Video]

The job market is hot, with employers adding twice the number of jobs predicted for July. Unemployment has fallen to 3.5%, taking the U.S. back to pre-Covid times. Though good news, millions of Americans are plagued by the 40-year high inflation. A July survey finds that 51% of Americans now dont have an emergency fund that can cover three months expenses.