President Joe Biden is likely to point to Friday's jobs report as a sign of the economy’s robust health under his administration.
and a sign that companies are still confident enough in the economy to keep hiring despite persistently high interest rates.
President Joe Biden disembarks Air Force One upon arrival at Paris Orly airport near Paris, on June 5, 2024, as he travels to commemorate the 80th anniversary of D-Day. Last month’s robust job gain suggests that the economy should keep expanding at a steady pace. A healthy job market typically propels consumer spending, the economy’s principal fuel. Some recent signs of economic weakness have raised concerns that growth was faltering. May’s jobs report could help assuage those worries.
Joe Biden Economy Jobs Employment
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US employers added a robust 272,000 jobs in May in a sign of sustained economic healthWASHINGTON (AP) — America’s employers added a vigorous 272,000 jobs in May, accelerating from April and a sign that companies are still confident enough in the economy to keep hiring despite persistently high interest rates.
Read more »
US solar installations hit quarterly record, making up 75% of new power added, report saysSolar accounted for 75% of electricity generation capacity added to the U.S. power grid early this year as installations of panels rose to a quarterly record...
Read more »
Students attend ‘reverse job fair’ in Winnipeg to pitch skills to employersOn Wednesday, dozens of upcoming high school grads gathered for a reverse job fair at the Canadian Museum of Human Rights to pitch their resumes, in person, to potential employers.
Read more »
Yeo, Baumgartner added to Senators' coaching staff; Alfredsson returnsThe Ottawa Senators have announced their coaching staff for the 2024-25 season as Nolan Baumgartner and Mike Yeo will serve as assistants under newly named head coach Travis Green.
Read more »
AHL MVP Bourque added to Stars' lineup for Game 6The Dallas Stars are adding some scoring punch to their lineup for Game 6 against the Edmonton Oilers by inserting forward Mavrik Bourque, according to team reporter Mike Heika.
Read more »
Canada's economy added 27,000 jobs in MayA window washer is pictured in Vancouver, B.C., on Monday, May 13, 2024. Canada's economy added 27,000 jobs in May, while unemployment inched up slightly to 6.2 per cent, according to Statistics Canada.
Read more »