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NJ Spotlight News | Business Report: NJ's manufacturing momentum | Season 2022

NJ manufacturers say their biggest challenge is finding enough workers

The PBS NewsHour Business Report discusses several key economic issues. It highlights the ongoing debate over the U.S. debt ceiling, with Treasury Secretary Janet Yellen warning of potential economic catastrophe if it is not raised. The report also covers the latest jobless claims data, which came in lower than expected, signaling a strong labor market. Additionally, it touches on the Federal Reserve's efforts to combat inflation through interest rate hikes, and the potential impact on consumers and businesses. The segment concludes with a look at the housing market, where rising mortgage rates are cooling demand and affecting affordability.

Read the Full PBS Article at:
https://www.pbs.org/video/business-report-1665426552/