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NJ Spotlight News | Business Report: October hiring stronger than expected | Season 2022

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  Unemployment ticked up to 3.7% last month


The PBS NewsHour Business Report discusses several key economic issues. It highlights the Federal Reserve's decision to raise interest rates by a quarter percentage point, aiming to combat inflation while trying to avoid a recession. The report also covers the ongoing debate over the U.S. debt ceiling, with warnings from Treasury Secretary Janet Yellen about the potential economic catastrophe if the ceiling is not raised. Additionally, it touches on the labor market, noting a slight increase in unemployment claims but still robust job growth. The segment concludes with a look at the impact of these economic factors on everyday Americans, including rising costs and financial uncertainty.

Read the Full PBS Article at:
[ https://www.pbs.org/video/business-report-1667590226/ ]