Be Well: What April Jobs Report Says About the Economy & Your Money
Marty Cantor, a CPA and economic development consultant, joined Cheddar News to talk about the state of the economy as unemployment claims fall and jobs get addedmonth over month. Cantor noted that the scenario may not be the best for inflation as wages jump simultaneously.
The U.S. added 142,000 jobs in August, below expectations. The unemployment rate fell to 4.2%. The cooling job market raises chances for an interest rate cut.
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