WASHINGTON, D.C.: The American economy has generated at least 200,000 new jobs for a record 30 straight months and the streak likely continued into July. On Friday, August 4, 2023, the US government reports the labor market generated more jobs at a steady pace. On Friday, August 4, 2023, the US government reports the labor market generated more jobs at a steady pace. AP PHOTOThe US economy and job market have repeatedly defied predictions of an impending recession. In response to a cooling labor market, wage pressures have eased, but they remain too intense for the Fed's comfort.

Source: Manila Times August 05, 2023 04:19 UTC