September Jobs Report: Job Growth and Wage Gains Allay Fears of Recession But Inflation Remains High
September Jobs Report: Job Growth and Wage Gains Allay Fears of Recession But Inflation Remains Stubbornly High
Dr. Bernard E. Anderson
Whitney M Young, Jr. Professor Emeritus, The Wharton School, University of Pennsylvania
Senior Economic Advisor, National Urban League
The U.S. economy added 263,000 jobs in September, and the unemployment rate edged down to 3.5%, allaying fears that wage growth and interest rate hikes, intended to slow inflation, would trigger a recession.