the staff of the Ridgewood blog
Ridgewood NJ, on Friday U.S. Bureau of Labor Statistics reported that the US economy added 187,000 jobs in July, below economist estimates of 200,000 and slightly above the downwardly revised 185,000 jobs in June. The unemployment rate dropped to 3.5%, from 3.6% in June and 3.7% in May. Average hourly earnings grew 0.4% month-over-month and 4.4% year-over-year, matching June. The number continue to suggests the “Goldilocks scenario” of a not-too-cold, not-too-hot sweet spot of sustainable growth
New US jobs numbers Friday seem to add insult to injury for Team Recession as data show the labor market cooling just enough, adding more support to a possible soft landing for the world’s largest economy. Healthy job and income gains point to an economy capable of weathering any fallout from the Federal Reserve’s rapid interest-rate increases over the past year, which have come close to taming high inflation. That’s also contributing to renewed confidence among consumers, which may bode well for spending and growth.
The labor force participation rate was 62.6 percent for the fifth consecutive month. The employment-population ratio, at 60.4 percent, remained little changed in July.
Two Fed officials say those slower employment gains suggest the labor market is coming into better balance, arguing the central bank may soon need to pivot from raising rates to thinking about how long to hold them at elevated levels. “I expected the economy to slow down in a fairly orderly way,” Atlanta Fed President Raphael Bostic said Friday. The new numbers are “continuing that pace.”
Take the Wall Street Walking Tour https://www.facebook.com/
Excellent prediction by James a while ago
But that couldn’t have anything do do with current administration.
This is straight propaganda. Look at the revisions of the jobs reports. Real GDP has been declining, that’s a recession. Banks are already getting bailed out behind the scenes. A crisis worse that 2008 is already here.
Just how many accounts do you have here, Charles?
I’ve written for the some of the best publications in the world but have shared profitable, counterintuitive insights here on this blog for free . You can find my books on Amazon.com. my blog is SimplicityandPurity.com.
No, I meant how many commenting accounts you have here. Harriereducation, CharlesStampul, Simplicityandpurity, Charles, and so on.
Having multiple accounts, and using them to comment on your own other comments, is called sockpuppeting and is dishonest.
I don’t have any accounts. If I’m commenting about education I will identify myself as HarrierEducation.org. If I’m commenting about the economy or other topics I’ve published about I will identify myself as SimplicityandPurity.com. If I’m commenting on my own article I will identify myself as Charles. You don’t identify yourself so I don’t know if you are trolling or sock-puppeting.