Fed needs to show jobs are a 'priority' with a rate cut

Seth Harris News

Fed needs to show jobs are a 'priority' with a rate cut
President BidenNational Economic CouncilLabor Secretary
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The June Job Openings and Labor Turnover Survey (JOLTS) data released Tuesday delivered a higher-than-expected reading of 8.18 million job openings. Seth...

reading of 8.18 million job openings. Seth Harris , former acting labor secretary and former deputy director of the National Economic Council under President Biden , shares his insights on the job market with Catalysts.

But I combine that quits number with the the initial weekly unemployment claims number that we get from the Labour Department and that we'll get on Thursday.That's something of a proxy for layoffs and that's an indication that employers are beginning to feel the pressure to maybe let some of the workers in their workplaces slip out of their clutches.

The 2024 election will be here before you know it, and economists are watching it closely. If Donald Trump wins a second term, some experts believe it could affect the U.S.'s inflation trajectory --...Former president Donald Trump has long favored strict tariffs on imported goods, which could lead to much higher prices on items that are cheaper to source overseas. To help soften the blow to...

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