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Posted

The Federal Reserve's fight to squash inflation will cause the U.S. economy to start losing tens of thousands of jobs a month beginning early next year, Bank of America warns.

 Although the jobs market remained surprisingly strong in September, the Fed is working hard to change that by aggressively raising interest rates to ease demand for everything from cars and homes to appliances.

 The pace of job growth is expected to be roughly cut in half during the fourth quarter of this year, Bank of America told clients in a report Friday. 

As pressure from the Fed's war on inflation builds, nonfarm payrolls will begin shrinking early next year, translating to a loss of about 175,000 jobs a month during the first quarter, the bank said. Charts published by Bank of America suggest job losses will continue through much of 2023.

"The premise is a harder landing rather than a softer one," Michael Gapen, head of U.S. economics at Bank of America, told CNN in a phone interview Monday.

Posted
1 hour ago, kamapisaachi said:

The Federal Reserve's fight to squash inflation will cause the U.S. economy to start losing tens of thousands of jobs a month beginning early next year, Bank of America warns.

 Although the jobs market remained surprisingly strong in September, the Fed is working hard to change that by aggressively raising interest rates to ease demand for everything from cars and homes to appliances.

 The pace of job growth is expected to be roughly cut in half during the fourth quarter of this year, Bank of America told clients in a report Friday. 

As pressure from the Fed's war on inflation builds, nonfarm payrolls will begin shrinking early next year, translating to a loss of about 175,000 jobs a month during the first quarter, the bank said. Charts published by Bank of America suggest job losses will continue through much of 2023.

"The premise is a harder landing rather than a softer one," Michael Gapen, head of U.S. economics at Bank of America, told CNN in a phone interview Monday.

Wait until December then Assam train ! 
 

  • Upvote 1
Posted

Companies దగ్గర pandemic lo మింగిన దబ్బులు అయిపోవాలి అప్పుడు music start అవుద్ది . New loans రావు , వచిన 10% interest rate అప్పుడు తెలుసతది 

  • Upvote 1
Posted
28 minutes ago, Hitman said:

Companies దగ్గర pandemic lo మింగిన దబ్బులు అయిపోవాలి అప్పుడు music start అవుద్ది . New loans రావు , వచిన 10% interest rate అప్పుడు తెలుసతది 

Very true….we need to be prepared for any kind of situation 

Posted
6 hours ago, quickgun_murugun said:

Wait until December then Assam train ! 
 

Job market bagane undi kada uncle mari

Posted
1 minute ago, Sarvapindy said:

Job market bagane undi kada uncle mari

Hi uncle pindy

Posted

మనం భయపడిన దాంట్లో 1% కూడా politicians ఆలోచించట్లే…US బజీ ఎలక్షన్స్ లో…UK మతిమాలిన టాక్స్ కట్స్…

రేపు 14 వ తేదీనా బ్లడ్ బాత్ వుండొచ్చు…

Posted
27 minutes ago, dasari4kntr said:

మనం భయపడిన దాంట్లో 1% కూడా politicians ఆలోచించట్లే…US బజీ ఎలక్షన్స్ లో…UK మతిమాలిన టాక్స్ కట్స్…

రేపు 14 వ తేదీనా బ్లడ్ బాత్ వుండొచ్చు…

Why 14th

Posted

Denemma Tech lo 200K job losses vaste baagundunu....... Too much of desi nuisance scrap since Covid ruined the beautiful Dallas suburbs........ Bathukamma Bonalu ki community lo local roads block chesudu........ Diwali ki 11pm variku garage mundu kalchudu...Latest Brahmi GIFs | Gfycat.. White Neighbors cops ki complain chese varuku bandh cheyyaru

  • Upvote 2

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