Friday’s lackluster non-farm payrolls report, which showed American employers adding far fewer jobs in August than expected, is likely to cool enthusiasm among Federal Reserve policymakers for a quick roll-back of stimulus, some experts believe.
The U.S. economy added 235,000 jobs in August and the unemployment rate dipped to 5.2 percent, the Labor Department said in its monthly labor assessment Friday.
Early in 2020, shocked citizens and social scientists predicted the widespread imposition of extreme “non-pharmaceutical interventions” in response to COVID would prove to have horrible and costly human and economic trade-offs — turns out they were right.
In January 2020, Hubei and more than a dozen other provinces in mainland China implemented totalitarian lockdown measures, such as the closure of schools...
Fortune 500 corporate boardrooms increasingly have embraced a “woke” agenda — such as Gillette lecturing its shavers about toxic masculinity and Bank of America having guest speakers declare capitalism evil.
The number of Americans applying for unemployment benefits rose for the first time in five weeks even though the economy and job market have been recovering briskly from the coronavirus pandemic.
