Posted on Aug 5, 2023
The case for a soft landing in the economy just got another boost
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https://www.npr.org/2023/08/04/ [login to see] /jobs-employers-economy-soft-landing-recession-inflation
Odds of a soft landing may have just gotten a little better.
The latest employment report from the Labor Department shows job growth held steady last month, boosting hopes that the Federal Reserve may be able to curb inflation without triggering a sharp jump in unemployment.
U.S. employers added 187,000 jobs in July. While job growth has moderated, it hasn't come close to stalling, even after the Fed raised interest rates to the highest level in 22 years.
Here are five takeaways from the report.
Odds of a soft landing may have just gotten a little better.
The latest employment report from the Labor Department shows job growth held steady last month, boosting hopes that the Federal Reserve may be able to curb inflation without triggering a sharp jump in unemployment.
U.S. employers added 187,000 jobs in July. While job growth has moderated, it hasn't come close to stalling, even after the Fed raised interest rates to the highest level in 22 years.
Here are five takeaways from the report.
The case for a soft landing in the economy just got another boost
Posted from npr.org
Economics
U.S. Department of Labor
Jobs
Employment
Posted 9 mo ago
Responses: 2
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PO1 William "Chip" Nagel
..."And it's good news for women
Before the pandemic, women briefly outnumbered men on U.S. payrolls.
The ranks of working women fell sharply in 2020, when schools and restaurants were shuttered and many women were forced to leave work to look after family members or for other reasons.
Women's share of jobs has been slowly recovering, however, thanks in part to job growth in health care and education — fields where women outnumber men. (In contrast, the male-dominated manufacturing industry lost 2,000 jobs last month.)
As of July, women held 49.9% of all payroll jobs, up from 49.8% the month before."
..."And it's good news for women
Before the pandemic, women briefly outnumbered men on U.S. payrolls.
The ranks of working women fell sharply in 2020, when schools and restaurants were shuttered and many women were forced to leave work to look after family members or for other reasons.
Women's share of jobs has been slowly recovering, however, thanks in part to job growth in health care and education — fields where women outnumber men. (In contrast, the male-dominated manufacturing industry lost 2,000 jobs last month.)
As of July, women held 49.9% of all payroll jobs, up from 49.8% the month before."
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PO1 William "Chip" Nagel good day Brother William, always informational and of the most interesting. Thanks for sharing, have a blessed day!
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