Marty Cantor, CPA and economic development consultant, joined Cheddar News to talk about the May jobs report. He said that despite numerous jobs being created, the economy is still slow growing because "the jobs we're creating are really filling the jobs that are retired so its being a superheated economy." Cantor noted that 3.5 million people have retired since the start of the pandemic.
Share:
More In General News
Shopping Expert Trae Bodge Gives Her Tips on Traveling Cheaper
Travel is getting costlier, and Trae Bodge, shopping expert, brand strategist, and lifestyle journalist, has some tips for vacationing on a budget.
Report: 119K People Hurt by Riot-Control Weapons Since 2015
More than 119,000 people have been injured by tear gas and other chemical irritants around the world since 2015 and some 2,000 suffered injuries from “less lethal” impact projectiles, according to a report released Wednesday.
Billionaire MacKenzie Scott Launches $250M Nonprofit Fund
MacKenzie Scott has announced the launch of a $250 million fund for nonprofits serving the needs of "individuals and families of meager or modest means, and groups who have met with discrimination and other systemic obstacles."
The Compact Disc Turns 40 Years Old in U.S.
The compact disc or CD is turning 40 years old in the U.S. this year. The first commercial CD was released in Japan in October of 1982, but they didn't make their way to the United States until March 1983.
Judge Rules Jeffrey Epstein Surviors and Virgin Islands Can Sue Banks Over Sex-Trafficking Claims
A judge ruled that JPMorgan Chase and Deutsche Bank can be sued over Jeffrey Epstein's sex-trafficking claims.
UN Reports Climate Time Bomb Ticking But World Can Still Avert Worst Calamities
The UN Intergovernmental Panel on Climate Change (IPCC) has released a new report providing multiple options for how the world can survive and adapt to climate change.
Organization Expert Offers Tips on How to Prepare for Spring Cleaning
Cheddar News' correspondent Shannon LaNier speaks with Jamie and Fillip Hord, co-founders of Horderly, about how to best prepare for spring cleaning. The organization experts talk about maximizing storage and creating the first perfect "flow" in the kitchen.
UBS to Buy Credit Suisse for Nearly $3.25B to Calm Turmoil
Swiss authorities pushed for UBS to take over its smaller rival after a plan for Credit Suisse to borrow up to 50 billion francs ($54 billion) failed to reassure investors and the bank’s customers.
California to Seek Beds for Mental Health, Drug Treatment
Gov. Gavin Newsom will push for a 2024 ballot measure asking voters to fund housing and treatment for up to 12,000 unhoused people with mental illness or addiction.
