03/29/2024

Hiring Rebounded in October; Unemployment Rate Fell to 4.1%

The U.S. economy rebounded from recent hurricanes, sending the jobless rate down to a 17-year low in October and driving up the pace of hiring.

While that’s good news, it could pose a challenge for policy makers: the risk of the economy or financial markets overheating as labor becomes more scarce, stocks march to routine record highs and stimulative tax cuts potentially kick in during the coming months.

The…

View Article