Tag Archives Economic News

U.S. Economy Adds Jaw-Dropping 517K Jobs In January; Crushing Expectations

January Unexpected Jobs Report Snapped a 5-Month String of Slowing Employment Growth

The U.S. economy added over half a million jobs in January, blowing expectations out of the water in the first month of the year — revealing that the labor market continues to remain strong despite the Federal Reserve’s aggressive monetary tightening in its fight to tame inflation.

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U.S. Hits Debt Limit, Triggering ‘Extraordinary Measures’ To Avoid Default

U.S. Hit Its Statutory Debt Limit, Setting Up Bitter Standoff Between Republicans & Biden

The U.S. government hit its statutory $31.4 trillion debt limit Thursday, Treasury Secretary Janet Yellen announced, prompting the Treasury to start taking “extraordinary measures” in order for the nation to avoid a catastrophic default for at least the next few months.

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