
economy-and-labor2.88 min read
"2024 Pay Raise Prospects Dim as U.S. Job Market Levels"
2 years ago•Source: CNBC
The latest economy and labor stories, summarized by AI


President Joe Biden highlighted the positive aspects of the December Jobs Report, noting the creation of 2.7 million new jobs in 2023 and an unemployment rate consistently below 4%. He emphasized the reduction in inflation to pre-pandemic levels and the decrease in prices for various goods. Biden reaffirmed his commitment to lowering costs for Americans and opposing Republican policies that he believes would benefit the wealthy and threaten social programs.

WOLF STREET•2 years ago