US EditionWhy the US job market has defied rising interest rates and expectations of high unemployment
- The Federal Reserve's rate hikes have not caused the predicted spike in unemployment, with the rate remaining at a low 3.8%.
- Despite the rate hikes, more people have entered the job market, with 3.4 million individuals actively seeking work.
- Inflation has been controlled without negative consequences, as fewer people are quitting their jobs seeking higher pay elsewhere, and the job market has shown resilience.
29 Articles
29 Articles
Why U.S. job market has defied rising interest rates and expectations of high unemployment
Last year's spike in inflation, to the highest level in four decades, was painful enough for American households. Yet the cure — much higher interest rates, to cool spending and hiring — was expected to bring even more pain. Grim forecasts from economists had predicted that as the Federal Reserve…
Why the US job market has defied rising interest rates and expectations of high unemployment - Maryland Daily Record
Inflation has tumbled from its peak in June 2022 to 3.7% on the back of the Fed’s rate hikes. Yet the unemployment rate has scarcely budged. The post Why the US job market has defied rising interest rates and expectations of high unemployment appeared first on Maryland Daily Record.
Why the US job market has defied rising interest rates and expectations of high unemployment
WASHINGTON (AP) — Last year’s spike in inflation, to the highest level in four decades, was painful enough for American households. Yet the cure — much higher interest rates, to cool spending and hiring — was expected to bring even more pain. Read more...
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- 56% of the sources are Center
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