Breitbart Business Digest: Declining Job Openings May Help Bring Down Inflation
Today’s JOLTS data provided reassurance to monetary policymakers that inflationary pressures from the labor market may be retreating.

Today’s JOLTS data provided reassurance to monetary policymakers that inflationary pressures from the labor market may be retreating.
The strength of the labor market has made “jobs” a far less important political issue going into the 2024 election.
President Joe Biden’s economic policies are top-down big government crony capitalism predicated on the false notion that he inherited an “economic catastrophe,” Breitbart Economics Editor John Carney said in a Friday interview with Fox Business host Larry Kudlow.
Today’s jobs report data is likely enough to lock-in a Fed rate hike.
While the notion that the labor market has been softening underneath the strong headline figures is increasingly popular, the evidence marshaled to support it is not very strong.
You could not wish for a better illustration of how hard it is to read the economic signals these days than the dueling services sector purchasing managers indexes released on Monday.
A decline in the self-employed gig economy could be pulling more workers into payroll jobs while also increasing the unemployment rate, Breitbart Economics Editor John Carney explained.
The labor market is putting the Federal Reserve to the test.
And how can the rise in unemployment be reconciled with the huge job gains?
Payrolls were expected to rise by 178,000 and unemployment to tick up to 3.6 percent.
The March jobs numbers that will be reported out of the Department of Labor on Friday may be some of the most consequential of the post-pandemic era.
Federal Reserve Chair Jerome Powell introduced a third dimension to the Fed’s monetary policy: the pace of interest rate hikes.
On Friday’s broadcast of the Fox News Channel’s “The Story,” White House Council of Economic Advisers member Jared Bernstein stated that economic numbers “are wholly inconsistent with a recessionary call in near-time.” Host Martha MacCallum asked, “You said back at
During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers stated that while the December jobs
On Friday’s broadcast of Bloomberg’s “Wall Street Week,” White House Council of Economic Advisers member Jared Bernstein praised Harvard Professor and economist Larry Summers as someone who has “been very prescient going back a ways here.” In a clip played
On Tuesday’s broadcast of CNN’s “Early Start,” Professor of Economics at Harvard University and former International Monetary Fund Chief Economist Ken Rogoff said “the odds are very high” that the U.S. economy will go into a recession, we should expect
What Jerome Powell giveth, the labor market taketh away.
This week we will see crucial evidence on the progress of the Federal Reserve’s campaign to loosen labor market conditions.
During an interview aired on Friday’s broadcast of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers stated that while he views the
If you want to figure out where monetary policy is heading next, watch the labor market.
During an interview aired on Friday’s broadcast of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers said that “we’re not in a
The Department of Labor will issue its report on September payrolls, unemployment, and wages on Friday. It may be the most hotly anticipated jobs report in recent memory.
The Department of Labor released an unexpectedly strong jobs report, shifting economists expectation about the the Fed’s next rate hike.
The cracks that have started to emerge in the post-pandemic recovery grew a bit more visible in the May jobs report.
Additional employment means more spending power. In an economy still suffering from supply constraints, that’s a recipe for higher prices.
The unexpectedly strong January jobs report, in the middle of the omicron surge in the coronavirus pandemic, makes it clear that President Joe Biden’s signature spending plan, “Build Back Better,” is unnecessary and arguably inflationary.
Vulnerable Democrat Rep. Susan Wild (D-PA) claimed that the economic crisis is being “greatly exaggerated” and America is “in really great shape going into 2022” during an appearance on television this past weekend.
Former President Donald Trump bashed President Joe Biden’s economy and reminded the administration that he “developed the vaccine when everyone said it wasn’t possible,” in a statement on Friday.
On Friday’s broadcast of MSNBC’s “Jose Díaz-Balart Reports,” Rep. Raul Ruiz (D-CA) stated that the November jobs report “is phenomenal news for all of us,” and that “all of our communities are just going to get back to work and
The establishment media admitted President Biden’s terrible Friday jobs report was a disaster, as the American economy only added 210,00 jobs in November.
Fast-food chain Raising Cane’s Chicken Fingers is sending a significant number of its corporate employees to work as cashiers and fry cooks amid labor shortages.
House Minority Leader Kevin McCarthy (R-CA) responded to President Joe Biden’s disappointing September jobs report, blaming the “misguided policies” put up by the congressional Democrats that hurt the U.S. economy.
On Friday’s broadcast of the Fox News Channel’s “Fox & Friends,” Rep. Michael Waltz (R-FL) reacted to the September jobs report by predicting that there will be a “long, slow, anemic kind of flat recovery.” Because businesses are “afraid of
Republicans ripped President Biden for the September’s poor jobs report that indicated 194,000 new jobs were created. The anticipated number of jobs to be created was 500,000.
The astonishing miss Friday in September’s job numbers — only 194,000 jobs created, versus an expected 500,000 — was not only a shock to market expectations, but also represents a crisis for President Joe Biden’s tax-and-spend economic policy.
China’s state-run Global Times on Monday taunted the White House over the “alarming” and “disappointing” jobs report from April, suggesting the unexpectedly weak 266,000 jobs created “cast doubt over the recovery path of the world’s biggest economy.”
Friday on FNC’s “Tucker Carlson Tonight,” host Tucker Carlson reacted to the “bizarre” circumstances of the U.S. economy, including a lackluster jobs report for April that came out on Friday.
The unemployment rate fell to 7.9%. That rate matches the same rate in the last jobs report before President Barack Obama was re-elected in 2012.
Thursday on CNBC’s “Squawk Box,” network anchor Jim Cramer reacted to the United States economy adding 4.8 million jobs and the unemployment rate falling to 11.1 percent in the month of June amid the ongoing coronavirus pandemic.
While this job loss carnage is an American tragedy, it could have been twice as bad if it weren’t for the over 30 million jobs saved by the Paycheck Protection Program (PPP), the $670 billion small business forgivable loan program.