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NJ Spotlight News | Business Report: Surprisingly strong jobs report | Season 2023


//business-finance.news-articles.net/content/202 .. surprisingly-strong-jobs-report-season-2023.html
Published in Business and Finance on by PBS   Print publication without navigation

The U.S. economy added 517,000 new jobs in January, far more than economists forecast

The video at the provided URL is a business report segment from PBS NewsHour, focusing on recent economic developments. It discusses 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 about the debt ceiling in Congress, with insights into how a potential default could impact the economy. Additionally, it highlights the latest job market data, showing a slight increase in unemployment claims but still robust overall employment figures. The segment concludes with a brief analysis of the stock market's reaction to these economic indicators, noting a cautious but generally positive response from investors.

Read the Full PBS Article at:
[ https://www.pbs.org/video/business-report-1675453760/ ]

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