In November, 228,000 jobs were added according to economy according to the Bureau of Labor Statistics. FiveThirtyEight Visual Journalist Julia Wolfe breaks down the meaning of this report.
Wolfe says these numbers are more of an estimate, and will be revised over the coming months. Wolfe says the Bureau of Labor Statistics says the first report could range by 120,000. So a number that first seems impressive could change drastically over the coming months as more data surfaces.
Looking at the last five years, it's clear we are seeing growth in the economy, says Wolfe. When looking at future jobs reports, Wolfe says it's imperative people look at revised numbers from past months.
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
Shopping expert Trae Bodge discusses how talks between the U.S. and China is good news for now, but uncertainty remains for back-to-school and the holidays.
Jake Traylor, White House reporter at Politico, joins Cheddar to discuss how Trump is aiming to lower drug prices and how it differs from Biden's approach.
Sheryl Palmer, CEO of Taylor Morrison, talks tariff uncertainty, being a female leader in a male dominated industry and what homebuyers need to know. Watch!
